Standard & Poor’s Ratings Services has said that its ratings on White Mountains Re Group Ltd. (WMRe) – currently ‘BBB-‘ with a stable outlook – and its operating subsidiaries, Folksamerica Reinsurance Co. and Sirius International Insurance Corp. “are not affected …
People Lockton Companies recently named Kevin McDaniel as president of its St. Louis office. McDaniel succeeds Whity Meyer, who was named chairman. McDaniel joined Lockton more than 10 years ago as a producer and most recently has been an executive …
Standard & Poor’s Ratings Services has assigned its ‘A’ long-term counterparty credit and insurer financial strength ratings to U.K.-based non-life insurer W.R. Berkley Insurance (Europe) Ltd. (WRBIEL) with a stable outlook. “The rating reflects WRBIEL’s strategic importance to U.S.-based insurer …
Willis Group Holdings, the third largest global insurance broker, said Monday it sees its $2.1 billion deal for a rival broker boosting growth, especially in the United States. Willis said late Sunday it would buy Richmond, Virginia-based Hilb Rogal & …
Standard & Poor’s Ratings Services has lowered its financial strength rating on Channel Reinsurance Ltd. to ‘AA’ from ‘AAA’, removed the rating from CreditWatch with negative implications and assigned a negative outlook. “The downgrade reflects the fact that, in our …
Aon announced that environmental insurance specialist Simon Johnson, Ph.D., has joined the firm as director in the Aon Environmental Services Group, a unit of Aon Risk Services. He will be based in London, and will coordinate the delivery of the …
Markel Corp.’s Board of Directors elected Anthony F. (Tony) Markel vice chairman and Paul W. Springman president and chief operating officer. Markel served Markel Corp. for more than 40 years, most recently as president and chief operating officer since 1992. …
Quake Shatters China’s Sichuan Province; Willis Shows Off New London Headquarters; AIG Wins One, Loses One After five weeks of high level discussions, Australia’s QBE Group withdrew its offer to acquire Insurance Australia Group Limited (IAG), following the decision of …
A new report from Standard & Poor’s Ratings Services – “U.K. Non-Life Insurance Underwriting Performance Should Improve In 2008, But Underlying Performance May Deteriorate” – notes that, although underwriting performance in the U.K. non-life insurance industry declined in 2007, it …
Charlotte, N.C.-based national wholesale insurance broker AmWINS Group Inc. named James Drinkwater president of its AmWINS Brokerage division. He will be responsible for the management of the division, which is focused on property/casualty insurance brokerage operations. Prior to being promoted …
