Climate change is having “a significant impact” on the marine environment in the UK, according to a new report from the Marine Climate Change Impacts Partnership (MCCIP). The organization was established in March 2005. It is a partnership between scientists, …
Guy Carpenter greeted the new year with the publication of “Near Misses, Plentiful Reminders: Global Reinsurance Review January 2008,” which it describes as a “briefing on the major trends driving pricing and market conditions across the global reinsurance industry into …
The debate over climate change captured the world’s attention, including the insurance industry’s, in 2007, while major hurricanes spared the United States’ coastline. The soft market took hold of virtually all segments of the insurance market and even buyers in …
Standard & Poor’s Ratings Services has assigned its ‘BB+’ debt ratings to the €200 million ($292 million) Class A Series 1 Principal At-Risk variable-rate notes due Jan. 10, 2011 issued by Green Valley Ltd. The transaction closed on Dec. 27, …
Members of the National Association of Insurance Commissioners (NAIC) elected 2008 officers during their meeting in Houston. The newly elected officers, who will assume their duties following the completion of the NAIC Winter National Meeting, include: president, Kansas Insurance Commissioner …
Toledo, Ohio-based privately held commercial insurance brokerage, the Hylant Group, has named John W. Chaney as president of the Cleveland office and regional vice president. Chaney will be responsible for the overall management of the Cleveland office, while overseeing the …
Members of the National Association of Insurance Commissioners (NAIC) elected 2008 officers during their meeting in Houston. The newly elected officers, who will assume their duties following the completion of the NAIC Winter National Meeting, include: president, Kansas Insurance Commissioner …
People The Louisiana Medical Mutual Insurance Co. named Thomas H. Grimstad, M.D., as its new president and chief executive officer. Grimstad will succeed John E. Lemoine, M.D., effective Jan.1, 2008. Since its founding in 1982, only three other physicians have …
The debate over climate change captured the world’s attention, including the insurance industry’s, in 2007, while major hurricanes spared the United States’ coastline. The soft market took hold of virtually all segments of the insurance market and even buyers in …
Standard & Poor’s Ratings Services has revised its ratings outlook on the counterparty and insurer financial strength ratings on Insurance Australia’s group of companies to negative from stable. S&P also affirmed the ‘AA’ ratings on Insurance Australia’s core subsidiaries. “The …
