A.M. Best Co. has downgraded the financial strength rating to ‘A’ (Excellent) from’ A+’ (Superior) and issuer credit ratings to “a+” from “aa-” of Frankenmuth Insurance and its member companies, and has revised its outlook on the rating to stable …
A.M. Best Co. has upgraded the issuer credit rating (ICR) to “a+” from “a” and affirmed the financial strength rating of ‘A’ (Excellent) of United Educators Insurance, a Vermont-based Reciprocal Risk Retention Group (UE), with stable outlooks. The ratings reflect …
UK-based Miller Insurance Services, an independent insurance and reinsurance broker, announced that Paul Loring and Clare Brooking, both facultative reinsurance specialists, have joined its team in London. They both specialize in the placement of facultative reinsurance, said the bulletin, particularly …
ACE UK today announced the launch of a suite of multi-line products targeting medium to large sized businesses in four industry sectors: “professional companies or partnerships with one or more overseas branches, retailers, hotel groups and machinery manufacturers.” ACE said …
Irvine, Calif.-based Superior Access Insurance Services Inc. named Tom Crawford chairman of the board of directors. Before joining Superior Access, Crawford served as chairman, president and CEO of Crawford & Co. With more than 45 years of insurance industry experience, …
A Libyan Airbus jet crashed early on Wednesday as it tried to land at Tripoli airport, killing 103 people on board and leaving a Dutch boy the sole survivor, Libyan officials said. The Airbus A330-200, only in service since September, …
The Hartford marks 200 years in business today, a commemoration recognized at the New York Stock Exchange this morning as CEO Liam E. McGee and CFO Christopher J. Swift rang the opening bell. “The company has played a critical role …
Soccer teams and fans aren’t the only ones girding themselves for the start of the World Cup in South Africa. The world’s insurance companies have sold policies covering $5 billion worth of risks linked to the games. With just a …
Torus announced that it has acquired Glacier Insurance AG, a subsidiary of the Glacier Group. The transaction is expected to be completed in May, 2010, subject to relevant regulatory approvals. [See also A.M. Best’s comment at: https://www.insurancejournal.com/news/international/2010/05/04/109545.htm]. Glacier Insurance AG …
Compare the estimated $30 billion in after tax profits that the U.S. property and casualty marketplace will likely book for 2009 to the year end results of the hospitality industry, whose lodging (occupancy near 56 percent), restaurants and entertainment segments …
