Standard & Poor’s Ratings Services has assigned its ‘BBB’ long-term counterparty credit and insurer financial strength ratings to Bermuda-based insurer, International General Insurance Co. Ltd. (IGI) with a positive outlook. Concurrently, S&P withdrew its ‘BBB’ long-term counterparty credit and insurer …
Bermuda’s RenaissanceRe Holdings Ltd. reported $167.8 million in third quarter operating income, which excludes capital gains/losses, available to common shareholders compared to $247.0 million in the third quarter of 2006. RenRe specified that the figure does not include “net unrealized …
The United Nations Environment Program (UNEP) has released its latest detailed report, “Global Environment Outlook: environment for development (GEO-4),” which examines the state of the planet from a number of different aspects. The scientists who put the report together are …
USI, Armitage USI Holdings Corp. has completed the acquisition of Jericho, N.Y.-based Armitage & Co., which sells property/casualty and surety products in the New York metropolitan area. Armitage will be combined with USI’s existing Woodbury, N.Y. location and is expected …
The California State Compensation Insurance Fund’s Glendale Legal Unit B appointed Katherine Harvey-Edwards to attorney-in-charge. Harvey-Edwards brings 16 years of legal experience to her new post. She was hired as a staff counsel for the organization’s West Los Angeles District …
Until June 2001 Independent Insurance was the third largest P/C insurer in the U.K. Then it all fell apart. Shady loans to founder and former chief executive Michael Bright, cover-ups in accounting and failures to pay claims culminated in the …
It may be too early to say that conflict has become passé, but U.S. businesses report a distinct drop in the number of lawsuits filed against them in the past year, according to the latest Litigation Trends Survey conducted by …
Risk Management Solutions (RMS) has released an impact study of the potential losses from a windstorm of the force and velocity of the one that hit Southern England and Northern France in 1987, if it occurred today. The storm struck …
Dublin’s Research and Markets announced the addition of Datamonitor’s new report – “Non-life Insurance in the United Kingdom” -to their offering. R&M described the new industry profile as “an essential resource for top-level data and analysis covering the non-life insurance …
