A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Endurance Specialty Insurance Ltd. and its affiliates. Best also affirmed the ICR of “bbb” and the debt ratings of …
Aon’s first quarter revenue fell 3 percent to $1.9 billion due to a 10 percent decline from foreign currency translation and a 44 percent decline in investment income, the company report. The decline in revenue was partially offset by a …
Marsh has issued an extensive bulletin, which outlines the risk and insurance implications for businesses arising from the possible pandemic of the “Swine” or “Mexican” flu. The bulletin noted that the news media had reported “confirmed cases of Swine Flu …
Many employees disable the encryption solutions on their laptops, putting their employers at risk for data breaches, according to a study by Absolute Software Corp. and the Ponemon Institute. The study, “The Human Factor in Laptop Encryption: US Study,” examined …
A coalition of insurers, public officials, risk experts, builders and conservation groups introduced a blueprint of policy changes and common sense actions that could reduce economic losses from future storms and rising sea levels by as much as half along …
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) continues to produce positive investment returns, “based,” it said, “on its diverse investment portfolio and conservative approach to investment. “These returns have allowed the CCRIF to increase its claims-paying capacity and facilitate a …
Houston-based HCC Insurance Holdings Inc. (NYSE:HCC) has named Susan L. Howie to head its corporate Human Resources Department as vice president of Human Resources. Howie previously worked for HCC from 1997-2005, serving as head of the company’s Human Resources Department. …
Oakland, Calif.-based Eqecat Inc., a subsidiary of ABSG Consulting Inc. announced William M. Keogh has been appointed senior vice president, strategic initiatives. Keogh, who was previously group executive of global client development at Risk Management Solutions, will be responsible for …
Standard & Poor’s Ratings Services has assigned its ‘BBB+’ long-term counterparty credit and insurer financial strength ratings to U.K.-based marine insurer Steamship Mutual Underwriting Association Ltd. with a stable outlook. S&P said the “ratings reflect the company’s core status within …
Pirates seized a British-owned ship and a Taiwan-registered fishing boat after taking three vessels last weekend, officials said on Tuesday, marking a jump in the number of hijackings in the waters off Somalia this year. In the first three months …
