A series of violent storms struck the west coast of England, beginning last Thursday. Cumbria, the County just below the Scottish border, was the most severely affected area, where heavy rain caused extensive flooding in a number of towns. At …
ACE Europeannounced the appointment of John Stanway as Corporate Property & Casualty Underwriting Manager for the UK North region and Graeme McGeachie as Corporate Property & Casualty Underwriting Manager for the UK South region. “This follows the company’s announcement in …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” for the subsidiaries of the UK-based non-operating holding company, AVIVA plc. Best also affirmed the ICR of “a-” and the …
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Bahamas-based Royal Star Assurance Limited (RSA), both with stable outlooks. The ratings reflect” RSA’s solid risk-adjusted capitalization, favorable operating results and …
Willis Group Holdings announced plans to expand its successful Willis Commercial Network business model for serving independent brokers from its base in the UK to countries around the world. Willis selected Mark Radburn CEO, Willis Networks International, to oversee the …
Standard & Poor’s Ratings Services has revised its outlook on Bermuda-based reinsurer Harbor Point Re Ltd. and its U.S.-based subsidiary Harbor Point Reinsurance U.S. Inc. to stable from negative. S&P also affirmed the ‘A-‘ counterparty credit and financial strength ratings …
Willis Group Holdings Limited has reported strong results for the third quarter of 2009 and the first nine months ended September 30, 2009. Highlights of the quarter ended September 30 included the following: — Reported earnings per diluted share from …
Willis Group Holdings announced that Pauline Margrett has been appointed Chief Operating Officer for its Global Captive Practice. She is based in London and will report to Tom Coughlin, the Global Captive Practice leader. The announcement notes that Margrett’s career …
W. R. Berkley Insurance (Europe), Limited announced that it has named Javier Esteban Presidente Ejecutivo of its Sucursal en España branch located in Madrid, Spain. The appointment to this newly created position is effective immediately. Esteban has more than 40 …
The catastrophe bond market is poised for an active fourth quarter in 2009, according to a new report. The report by Guy Carpenter & Co., LLC, and GC Securities, a division of MMC Securities Corp. concludes that a number of …
