Standard & Poor’s President Deven Sharma has issued a call for a globally coordinated approach to the oversight of credit rating agencies, in order to ensure consistency for investors and issuers operating in international markets. Sharma, speaking in London at …
Carole Fleischman has joined Red Bank, N.J.-based Phoenix Underwriting Managers, a national managing general agent (MGA) for specialty insurance programs, as president of its Managed Insurance Programs Division. Before developing the Contractors’ Choice program in 1996, Fleischman was senior vice …
Buffalo, New York-based insurance wholesaler Russell Bond & Co. has opened a new branch office in Hamilton, New Jersey. Called the Financial Institutions Underwriting Office, the new branch holds binding authorities on behalf of underwriters at Lloyd’s London for mortgage …
Forced asset sales that have frozen major markets in the credit crisis have caused barely a ripple in the $22 billion catastrophe bond market this year and instead only enhanced its liquidity. Goldman Sachs estimates secondary trading volumes are up …
“Convergence between the capital and insurance markets is gaining pace and Lloyd’s insurers are at the forefront of developments,” notes an article on the Lloyd’s web site (www.lloyds.com). The latest sign of convergence in the sector is a deal announced …
Risk Management Solutions (RMS) has unveiled its new portfolio management platform, Miu, which supports the trading of insurance risk using RMS’ leading catastrophe risk analytics. A bulletin from RMS’ London office said: “Miu allows users to quickly quantify and tailor …
A.M. Best Co. has affirmed the financial strength ratings (FSR) and issuer credit ratings (ICR) of 30 Canadian P/C companies; upgraded seven FSRs and ICRs; upgraded seven ICRs (with no change to the FSRs); assigned four FSRs and ICRs; and …
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a” of the UK-based Markel International Insurance Company Limited (MIICL) with stable outlooks. Best also affirmed Markel’s Lloyd’s Syndicate 3000 – …
Lloyd’s announced an appeal to find relatives of war heroes who worked at Lloyd’s and lost their lives during the two World Wars. In a bulletin on it web site (www.lloyds.com) Lloyd’s explained that the appeal “comes ahead of a …
Aon Risk Services has appointed Marguerite Soeteman-Reijnen as managing director, head of broking excellence for Aon Europe, Middle East and Africa (EMEA), with immediate effect. The bulletin from Aon’s London office noted that the broking excellence unit “forms a core …
