The CGM Gallagher Group, one of the largest and oldest insurance brokers in the English-speaking Caribbean, announced that it has appointed William Tomlin as President following Thursday’s meeting of the Group’s board. Tomlin will also act as “senior advisor on …
A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) and issuer credit rating (ICR) of “aa” of Allianz S.p.A. (Italy), both with stable outlooks. The ratings reflect the enhancement received from the implicit support of Allianz S.p.A.’s …
A massive ice shelf anchored to the Antarctic coast by a narrow and quickly deteriorating ice bridge could break away soon, the European Space Agency has warned. The Paris-based agency said satellite images show the bridge that connects the Wilkins …
The European Union has joined the Caribbean Catastrophe Risk Insurance Facility’s (CCRIF) 16 member governments – Canada, the World Bank, the United Kingdom, Bermuda, Ireland, France and the Caribbean Development Bank – in donating to the facility’s reserve pool. The …
A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A-‘ (Excellent) from ‘B++’ (Good) and the issuer credit rating (ICR) to “a-“from “bbb+” of Cyprus-based Alliance International Reinsurance Public Company Limited (Alliance Re). The outlook for the FSR …
A 49-year-old Nassau County, New York woman has been arrested on charges of fraudulently collecting $20,000 in workers’ compensation benefits, the New York State Insurance Department reported. Maria Escobar, of Valley Stream, was charged with fraudulent practices following her arrest …
A since-retired state appellate judge used his title and told lies and half-truths about injuries from a slow-speed fender-bender to collect $440,000 from two insurance companies, a federal prosecutor said Wednesday to open the judge’s federal fraud trial. Former Superior …
After a fender-bender in 2001, a Pennsylvania appellate judge claimed he was left in constant pain, unable to golf or swim or even at times hold a cup of coffee steady. Yet the following year, prosecutors say, he was golfing …
Bermuda-based PartnerRe Ltd. announced that its preliminary estimate of claims relating to its exposure to Hurricane Gustav are currently expected to be between $25 and $45 million on a pre-tax basis, net of reinstatement premiums. “During the last week of …
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) has been honored as the “Re/Insurance Initiative of the Year” at the 2008 Review Worldwide Reinsurance Awards. It’s the first such recognition for the 16-month old facility. A CCRIF bulletin described the ward …
