Houston-based specialty insurer HCC Insurance Holdings, Inc. has acquired VMGU Insurance Agency, an underwriter of the lumber, building materials, forest products and woodworking industries. The acquisition, along with recently announced transactions in the public risk insurance sector, will further extend …
U.K.-based Robertson Taylor, the specialist global music and entertainment subsidiary of Lloyd’s insurance broker Oxygen, has expanded its Fine Arts Division with the appointment of Victoria France as managing director of fine arts. Based in the Los Angeles office, France …
Navigators Management Co. has established Navigators Environmental, a new business unit that will focus on underwriting specialized environmental insurance products on a global basis. Adrien Robinson has joined Navigators as vice president and Environmental Practice Leader, and will be located …
A lot happened in the world of insurance agency/brokerage mergers and acquisitions in 2008. Willis made the biggest slash with its $2.1 billion acquisition of Hilb Rogal & Hobbs Co. (HRH), one of the world’s largest insurance brokers and risk …
Insurers Can Weather Global Financial Crisis Buyers that aren’t buying; houses that aren’t selling, banks that aren’t lending — sound familiar? But in this case it’s the United Kingdom that we’re talking about, not the United States. However, one thing …
Farmers Insurance Groups of Companies and Zurich Financial Services announced Dan Dunmoyer, who recently served as chief cabinet secretary and deputy chief of staff for California Governor Arnold Schwarzenegger, has accepted a national, executive position as head of State Legislative …
Standard & Poor’s Ratings Services has placed its ‘A’ long-term counterparty credit and insurer financial strength ratings on Italy-based insurer HDI Assicurazioni SpA (HDI/Italia or HDI/I) on CreditWatch with negative implications. “The CreditWatch placement reflects our view that the company …
A.M. Best Co. has revised the outlook to positive from stable for New Zealand-based China Insurance (NZ) Company Limited (CINZ) and has affirmed the financial strength rating of ‘B+’ (Good) and issuer credit rating of “bbb-“. Best said the “rating …
The New York State Insurance Department has signed an agreement with its counterpart in France that calls for increased cooperation and consultation between the two regulatory bodies. The agreement is similar to agreements signed over the last year between New …
Standard & Poor’s Ratings Services has raised its long-term counterparty credit and insurer financial strength ratings on U.K.-based non-life insurer Hiscox Insurance Co. Ltd. (HISCO) to ‘A’ from ‘A-‘ with a stable outlook. HISCO is a core operating entity of …
