A.M. Best Co. has assigned a financial strength rating of “A-” (Excellent) and an issuer credit rating of “a-” to Taiwan’s South China Insurance Company Limited with a stable outlook. “The ratings reflect South China’s consistent overall operating results, strong …
A.M. Best Co. has affirmed the financial strength rating of “A-” (Excellent) and the issuer credit rating of “a-” of Taiwan’s Central Reinsurance Corporation with a stable outlook. “The affirmation of the ratings reflects Central Re’s strengthened risk-based capitalization, strong …
Marsh Inc. already is one of the world’s largest insurance brokers, but its chairman and chief executive, Brian M. Storms, wants to increase its role in the risk management business. As Storms sees it, Marsh should be “the No. 1 …
JANUARY Hallmark Aquires Aerospace Holdings Fort Worth, Texas-based Hallmark Financial Services Inc. has completed its acquisition of Aerospace Holdings LLC, which markets general aviation insurance products. Hallmark underwrites non-standard personal automobile insurance. The American National Bank of Texas of Terrell, …
JANUARY Hallmark Acquires Fort Worth, Texas-based Hallmark Financial Services Inc. has completed its acquisition of Aerospace Holdings LLC, which markets general aviation insurance products. Hallmark underwrites non-standard personal automobile insurance. American National Bank Acquires Dallas-based Sleeper, Sewell The American National …
The Dublin-based study group Research and Markets announced the addition of “Insurance: Global Industry Guide” to their offering. The bulletin described the new study as “an essential resource for top-level data and analysis covering the Insurance industry. It includes detailed …
Vietnam hailed a historic vote in the U.S. Congress on Saturday that fully normalized trade between the two nations, a final milestone in the process of reconciliation between the former foes. “This event is of major significance for the ties …
ICAT Holdings, Lloyds ICAT Holdings LLC of Boulder, Colo., created a new underwriting syndicate at Lloyd’s of London, designated as ICM Syndicate 4242, to support underwriting of U.S. catastrophe-exposed properties. ICM Syndicate 4242 will begin underwriting business on Jan. 1, …
UnionBanc Insurance Services Inc., Fullerton, Calif., is expanding its focus to the Pacific Rim with the addition of Ted Ikuta, who joins the company’s Fullerton office as senior vice president. Ikuta has more than two decades of specialized insurance and …
Hawaii may be a relatively small in size, but it hopes to reap big dividends using its geography, according to the state’s Insurance Commissioner J.P. Schmidt. Because of its location, the Aloha state is perfectly poised to attract business in …
