Patrick J. Burke has been appointed as a senior vice president with Stephens Insurance LLC, based in Little Rock, Ark. Burke has spent the last 30 years advising select utilities and utilities mutual insurance companies. He has designed risk coverage …
Standard & Poor’s Ratings Services has assigned its ‘A-‘ counterparty credit and financial strength ratings on Max Capital Group Ltd.’s operating insurance and reinsurance companies. S&P also raised its counterparty credit rating on Max Capital Group Ltd. to ‘BBB’ from …
The New York State Insurance Department recently signed an agreement with regulators in Thailand that calls for increased cooperation between the two in investigating insurance matters. The agreement formalizes coordination between the two regulatory bodies. “This agreement between Thailand and …
The New York State Insurance Department has signed a cooperation agreement with regulators in China calling for closer cooperation between the two agencies in overseeing insurance issues. Acting Superintendent Kermitt Brooks and Jiang Bo, deputy director general of the International …
Global specialty insurer Torus Insurance has appointed Dennis Johnson and Mark Mowinski as vice presidents and senior property underwriters, responsible for underwriting in the Midwestern U.S. They will both report to Steve Fomchenko, Torus’ global head of General Property Underwriting. …
Standard & Poor’s Ratings Services has revised its outlook to stable from negative on Netherlands-based commercial lines insurer Fortis Corporate Insurance N.V. (FCI), and affirmed its ‘A-‘ long-term counterparty credit and insurer financial strength ratings on the company. S&P said …
The popularity of Facebook and other popular social networking sites has given hackers new ways to steal both money and information, the security company Sophos said in a report released Wednesday. About half of all companies block some or all …
The Florida Office of Insurance Regulation (OIR) and the United Kingdom Financial Services Authority (FSA) have agreed to work together on issues that affect insurance consumers in the U.K. and the U.S. Florida Insurance Commissioner Kevin McCarty said the OIR …
The New York State Insurance Department signed an agreement yesterday with regulators in Thailand that calls for increased cooperation between the two in investigating insurance matters. The agreement formalizes coordination between the two regulatory bodies. “This agreement between Thailand and …
A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) and the issuer credit rating of “aa-” of Spain’s Ocaso, S.A. Seguros y Reaseguros, both with stable outlooks. “The ratings reflect the company’s superior risk-based capitalization, excellent operating …
