New York officials are putting pressure on insurers and brokers to sew up the details of most large commercial insurance policies and deliver finished contracts to customers within 30 days of inception to avoid uncertainty over what’s covered and what’s …
Execs Say Market Remains Attractive Even as Crisis Puts Pressure on Prices The by now all too familiar litany of the world’s financial woes took pride of place at A.M. Best’s conference in London on Oct. 15. Roger Sellek, the …
ING picks up a $13 billion cash injection; Climate change for fund managers They aren’t the Apple kind of iPod’s; they’re 18 to 34 year old Brits, who are “Insecure, Pressurized, Over-taxed and Debt-ridden” — i.e. “IPODs,’ according to a …
A.M. Best Co. has commented that the ratings and outlook of Cayman Islands-based Ironshore Inc. and its operating subsidiaries are unchanged following the resignation of the company’s chief underwriting officer (CUO), Les Rock. Ironshore’s operating subsidiaries include the Bermuda-based Ironshore …
New York officials are putting pressure on insurers and brokers to sew up the details of most large commercial insurance policies and deliver finished contracts to customers within 30 days of inception to avoid uncertainty over what’s covered and what’s …
Following two straight years of reporting declines in the number of new lawsuits and regulatory proceedings — including a drop in large-dollar cases — U.S. companies now anticipate an uptick in new actions and government probes, as well as the …
Balance sheet pressures for insurance and reinsurance companies globally have become more severe as insurers experience greater unrealized market value losses, and take impairments, on their investment portfolios, says Fitch Ratings. As such, Fitch analysts expects a noteworthy ramp up …
New York State Insurance Superintendent Eric Dinallo and Hector Sants, chief executive officer of the United Kingdom Financial Services Authority – the United Kingdom’s insurance regulator – have signed a memorandum of understanding that established a formal basis for consultation, …
Risk Management Solutions announced that it is “partnering in an innovative program launched by HSBC to provide fund managers globally with direct access to specialist climate change research. “As the present and future implications of climate change become increasingly critical …
Liberty Mutual, Safeco Boston-based Liberty Mutual Group finalized its acquisition of Seattle, Washington-based Safeco Corp. on Sept. 22 after entering the agreement in April. While improving its scale and geographic reach, the transaction strengthens Liberty’s standing to fifth largest property …
