Cooper Gay Risk Services Inc. has appointed Ted Clayton as western regional director. Based in California, Clayton will be responsible for Cooper Gay Risk Services’ wholesale operations in the Western Region. Clayton was most recently senior vice president and western …
Text messaging is all the rage. Hopefully, not a road rage. An increasing number of state lawmakers are concerned by the rash of accidents caused by text-happy drivers. Although many states already have laws that require cell phone-users to wear …
The subprime mortgage crisis that has dragged down the profits of many insurers, especially in the fourth quarter of 2007, doesn’t seem to have affected Aspen Insurance Holdings Limited. The Bermuda-based Company announced fourth quarter net income of $135.2 million, …
Information servcies company ChoicePoint reports it is acquiring Optimal Decisions Group, a firm that develops advanced analytics and software for the insurance industry. ODG develops predictive modeling, multi-year simulation and optimization models for insurance carriers in the U.S., United Kingdom …
Aon Re Global has appointed Robert J. Cooney as Managing Director of Aon Capital Markets. He will report to Paul Schultz, President of Aon Capital Markets, and will also serve as Vice Chairman of Aon Re Global – Bermuda. He …
Zurich Financial Services Group announced that it will expand its services for corporate customers in Norway and Denmark through the establishment of two new branches of Zurich Insurance Ireland Limited (ZIIL), its principal subsidiary for the European Union. ZIIL, which …
A.M. Best Co. and Standard & Poor’s Ratings Services have been reexamining their ratings on the Bermuda-based XL Capital. and its subsidiaries in light of recent announcements (See IJ web site https://www.insurancejournal.com/news/international/2008/01/24/86670.htm). Their main concerns are the current financial difficulties …
Fitch Ratings announced that it has downgraded the following ratings on Security Capital Assurance Ltd. (SCA) and its financial guaranty insurance subsidiaries: XL Capital Assurance Inc. (XLCA) XL Capital Assurance (U.K.) Ltd. (XLCA-UK) XL Financial Assurance Ltd. (XLFA) –Insurer Financial …
Text messaging is all the rage. Hopefully, not a road rage. An increasing number of state lawmakers are concerned by the rash of accidents caused by text-happy drivers. Although many states already have laws that require cell phone-users to wear …
A.M. Best Co. has affirmed the its Syndicate Rating of ‘A’ (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 570 and of Lloyd’s Syndicate 609. Both syndicates are managed by Atrium Underwriters Limited (AUL). Best also revised …
