W.R. Berkley Corp. named William M. Rohde Jr. president of Acadia Insurance Co., succeeding Bill Thornton, who now is chairman of Berkley Regional Specialty Insurance Co. Walter E. Stradley remains president of Berkley Regional Specialty. Acadia is a commercial property …
From Novelty to Necessity: Bermuda’s Insurance Market 2008 Bermuda’s insurance industry has grown steadily since it began 50 years ago. It is now a mature market, and, in certain sectors – natural catastrophes, crop insurance and medical malpractice – it …
The Burma Campaign UK, a human rights group, has issued a bulletin stating that XL and Chubb have separately announced their withdrawals from the Burmese market. The Campaign said the move was prompted by a bulletin it had released on …
A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) and issuer credit rating of “aa” of UK-based Allianz Insurance plc (AZI) with a stable outlook. Best stated: “AZI’s stand-alone risk-adjusted capitalization is expected to remain excellent during …
UK Flood Model Risk Management Solutions has released a major new upgrade to its U.K. Inland Flood Model. “The upgraded model will enable all segments of the insurance industry to drill down to a finer level of detail than ever …
Swiss Re has agreed to acquire Barclays Life Assurance Company Ltd. for £753 million ($1.472 billion). “The transaction will provide further scale and infrastructure for Swiss Re’s Admin Re® business in the United Kingdom and underlines Swiss Re’s role as …
Despite a weakened economic market, a new study from Hiscox shows that 46 percent of American small business owners still feel that they can make more as entrepreneurs than the traditional corporate world. The Hiscox study, “DNA of an Entrepreneur,” …
Giant insurance broker Aon Corp. reported that second quarter net income skyrocketed 372 percent largely from its sale of business units including Combined Insurance Companies of America. Net income increased to $1.1 billion compared to $240 million for the prior …
XL Capital received the inevitable negative reaction from the rating agencies following its announcement that it would pay $1.78 billion in cash and issue 8 million shares as part of a bailout plan to shore up former subsidiary Security Capital …
Chubb Insurance, founded in 1882 in New York, today sells in 28 countries and has about 120 offices throughout North America, Europe, South America, and the Pacific Rim, serving its property and casualty customers. While Chubb is today a worldwide …
