Members of the National Association of Insurance Commissioners have elected Maine Insurance Superintendent Alessandro Iuppa as president. They also elected regulators from Alabama, Kansas and New Mexico to key positions at the organization’s 2006 officers during the Association’s Winter National …
Members of the National Association of Insurance Commissioners have elected Maine Insurance Superintendent Alessandro Iuppa as president. They also elected regulators from Alabama, Kansas and New Mexico to key positions at the organization’s 2006 officers during the Association’s Winter National …
Members of the National Association of Insurance Commissioners elected regulators from Maine, Alabama, Kansas and New Mexico as the organization’s 2006 officers during the Association’s Winter National Meeting. NAIC members elected Maine Insurance Superintendent Alessandro Iuppa, current NAIC President-Elect, as …
Hiscox, Plc, one of the U.K.’s leading Lloyd’s and specialty insurers, announced that it’s in the process of forming a Bermuda-based subsidiary, which will “write a balanced business mix of reinsurance and retail business.” The company plans to raise £170 …
Willis Group Holdings has agreed to acquire the business and assets of Reinsurance Consultants and Intermediaries Ltd. (RCI), the reinsurance division of South African insurance broker Glenrand M.I.B. Limited (JSE:GMIB). As part of the transaction, Willis will also acquire GMIB’s …
While most of Scotland braces for the upcoming G8 summit in Edinburgh, some 100 or so triathletes have a different concern. They’re scheduled to compete in a triathlon around and in Scotland’s legendary Loch Ness on July 23, and they’re …
Standard & Poor’s Ratings Services announced that it has affirmed its long-term “BBB+” counterparty credit and insurer financial strength ratings on Nigeria-based composite reinsurer African Reinsurance Corp. (Africa Re) with a stable outlook. “The ratings reflect Africa Re’s very good …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) and has assigned an issuer credit rating (ICR) of “a+” to South Africa’s Old Mutual Life Assurance Company (OMLAC [SA]). At the same time, Best …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A-” (Excellent) and the issuer credit rating of “a-” of the Nigerian-based African Reinsurance Corporation. The outlook on both ratings has been revised to negative from stable. …
South Africa’s Old Mutual plc confirmed that it is in preliminary discussions with Skandia concerning a potential transaction. It said only that “discussions are at an early stage and may or may not lead to Old Mutual making an offer …
