Bermuda-based United America Indemnity Ltd. has appointed Robert Cohen president and CEO of its subsidiary, Penn Independent Corporation. Cohen has been acting president and CEO since November 2005. From 1992, he was a senior vice president for United National Group. …
Standard & Poor’s Ratings Services announced that it has revised its outlook on the holding companies and core operating entities of Netherlands-based insurance group Eureko to positive from stable, “reflecting the greater clarity of the potential synergies available from the …
Geof Molina has been named vice president internal audit of the Main Street America Group in Jacksonville, Fla. At the same time Cathy Parrish and Roy Viands were named assistant secretaries. Molina joined Main Street America in 1999 as director, …
In a recently issued bulletin Lloyd’s said it has “reaffirmed its position as the world’s leading specialist insurer with new figures that reveal the global spread of its business in 2005.” According to newly published figures, Lloyd’s notes that in …
Trading on snowfall futures has begun. Chicago Mercantile Exchange, which bills itself as the world’s largest and most diverse financial exchange, began Feb. 26 listing and trading snowfall futures and options on futures. CME Snowfall futures will be based on …
ING Group, the Netherlands-based international banking, financial services and insurance company, posted strong results for 2005 with net profits up 25.3 percent to €7.21 billion ($8.56 billion). Other earnings highlights reported by the company included the following: — Earnings per …
Clive Tobin, chief executive responsible for XL Capital Ltd.’s insurance operations, announced the appointment of Eileen McCusker as the new chief operating officer for the UK and Ireland. She has been with the XL group for 15 years and will …
A team in the U.K. has produced a new wind damage prediction tool called EuroTempest, designed to provide local damage forecasts for European windstorms. An announcement on the Lloyd’s Website (www.lloyds.com) notes that the new model represents a joint effort …
A leading U.K. intelligence expert and a specialist in terrorist underwriting at Hiscox Plc have warned that the threat of terrorism will not diminish in the year ahead with the continued potential for attacks around the world. Simon Sole, managing …
A.M. Best Co. announced that it has affirmed the financial strength rating of A- (Excellent) of Trinidad’s Gulf Insurance Limited, with a stable outlook. “The rating reflects Gulf’s consistently favorable operating performance, liquid investment portfolio, geographic spread of risk and …
