Bermuda’s XL Capital Ltd. announced that it is changing the brand name used by its worldwide P/C large commercial account operation from XL Winterthur International (“XLWI”) to XL Insurance Global Risk, and the names of a number of subsidiary companies, …
Swiss-based Converium Holding Ltd, announced terms for a settlement regarding the buy-out of shares of excluded minority shareholders of Converium Ruckversicherung (Deutschland) AG, one of its predecessor companies formerly Zurich Ruckversicherung (Koln) AG), the German-based operations of Zurich Re. A …
The New York State insurance Department announced that a license has been issued to TSI Insurance Incorporated as a captive insurance company in the state. The new captive, previously incorporated by the Department, will be insuring the risks of Town …
Sarasota, Fla.-based professional employer organization (PEO) Selective HR Solutions, received certification from the International Organization of Standards (ISO) after passing an extensive audit by International Management Systems Inc. Selective HR, a unit of Selective Insurance Group Inc., is one of …
In an unusual preliminary announcement Credit Suisse indicated that its losses for 2002 could reach SFr 3.4 billion ($2.48 billion) while fourth quarter losses might be as high as SFr. 1 billion ($730 million). It will present its official results …
A.M. Best Co. affirmed the “A” (Excellent) financial strength ratings of Zurich Financial Services Group (ZFS) and its core operating subsidiaries. Simultaneously, A.M. Best affirmed the “a” and “a-” ratings on the senior and subordinated debt instruments issued or guaranteed …
The Financial Services Authority, the U.K.’s insurance regulator, has re-authorized ACE INA UK Limited (ACE INA UK), formerly known as Insurance Company of North America (UK) Limited, to underwrite all 18 classes of general insurance and reinsurance business. ACE INA …
Blizzards in France, floods in the U.K. and Germany, avalanches in the Alps – winter hit Europe particularly hard over the weekend. An unusually heavy snowfall in Northern France shut down the country’s main auto routes and briefly closed Charles …
Governor-Elect Mark Sanford reappointed Ernst N. Csiszar as the South Carolina Director of Insurance. Csiszar was originally appointed as the Director of Insurance in 1999 under Governor Hodges’ Administration. Over the past four years as Director of Insurance, Csiszar has …
A.M. Best Co. has affirmed the A (Excellent) financial strength ratings of the Zurich Financial Services Group (ZFS) and its core operating subsidiaries. It also affirmed its “a” and “a-” ratings on the senior and subordinated debt instruments issued or …
