Drunk Driving Decrease “I’m pleased to see that our battle against drunk driving is succeeding. However, alcohol still kills 13,000 people a year on our roads and we must continue to be vigilant in our efforts to prevent drunk driving.” …
The contest to acquire IPC Holding appears to be over. Validus Holdings, the formerly unwelcome suitor, whose rival bid ended Max Capital’s effort to take over IPC, has emerged as the winner. Validus finally came up with $1.65 billion in …
Calpers, the biggest U.S. public pension fund, has sued the three largest credit rating agencies for giving perfect grades to securities that later suffered huge subprime mortgage losses. The California Public Employees’ Retirement System said in a lawsuit filed last …
The tallest building in the Western Hemisphere has gone global. The historic Sears Tower in downtown Chicago has been renamed Willis Tower and now holds one of the three largest office locations of global insurance broker Willis Group Holdings. The …
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Bermuda-based Omega Specialty Insurance Company Limited (OSIL), both with stable outlooks. In a separate action Best also affirmed its Syndicate Rating …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s of London and Lloyd’s Reinsurance Company (China) Limited (LRCCL). Best also affirmed the ICR of “a” on the …
A new report from Lloyd’s warns that, although “synthetic biology has been hailed as a potential solution to looming global threats,” it requires careful handling. “Governments and interest groups should work together to support the responsible development of this exciting, …
A.M. Best Co. announced that it has “withdrawn all public data (pd) ratings on UK insurance companies. Best last reveiwed the listed companies in December 2007. The financial strength ratings (FSR) and issuer credit ratings (ICR) of the following companies …
Jansen & Hastings, a managing general agency based in San Francisco, has expanded its existing specialty program business with the addition of a new national MGA platform to be headed by Jim Parsons. Parsons joins JHI as senior vice president …
International specialist insurer Hiscox Ltd. announced the appointment of two healthcare underwriters to Hiscox Bermuda, subject to immigration approvals. Ian Thompson (Senior Vice President – Healthcare) and Nick Williamson (Vice President – Healthcare) “join Hiscox to build a portfolio of …
