Munich Re announced a new long-term “profitable growth strategy” aimed at increasing its share of both direct and broker reinsurance, as well as primary insurance, in the U.S. P/C market. The Group writes more than $50 billion in reinsurance premiums …
James M. McGlennon was appointed vice president and chief information officer for Liberty Mutual Agency Markets, a strategic business unit of Liberty Mutual Group. McGlennon is responsible for the information technology and architecture of Agency Markets. He will oversee strategy, …
James M. McGlennon was appointed vice president and chief information officer for Liberty Mutual Agency Markets, a strategic business unit of Liberty Mutual Group. McGlennon is responsible for the information technology and architecture of Agency Markets. He will oversee strategy, …
Standard & Poor’s Ratings Services has raised its long-term counterparty and insurer financial strength ratings on U.K.-based surety insurer Euler Hermes Guarantee PLC to ‘AA-‘ from ‘A’ and assigned a stable outlook. “The upgrade reflects the provision of an unconditional …
Canada’s TD Bank Financial Group reports that it will acquire the Mid-Atlantic regional bank Commerce Bancorp Inc. in a 25 percent cash and 75 percent stock deal valued at $8.5 billion. If approved, the purchase would double TD Bank’s presence …
A.M. Best Co. has affirmed the issuer credit rating (ICR) of “a-” and the existing debt ratings of the UK branch of Old Mutual plc (OM). Best also affirmed the financial strength ratings (FSR) and ICRs of OM’s key European …
September marks the end of summer and ushers in a time of reflection. The working world returns from summer vacations and begins functioning on a heightened level, as the end of the year draws near. Problems that have been simmering …
Declarations Alabama ceiling “It’s horrible. Rates have gone through the ceiling.” — Fort Morgan, Ala., builder Greg Miller who said he paid $22,000 in coverage on four condo units before Katrina and now pays $108,000 on his units for less …
Alabama ceiling “It’s horrible. Rates have gone through the ceiling.” — Fort Morgan, Ala., builder Greg Miller who said he paid $22,000 in coverage on four condo units before Katrina and now pays $108,000 on his units for less coverage. …
No European city has recently changed as much as Berlin (with the possible exception of Dublin). Since the fall of the wall in 1989, its 3.4 million residents have experienced an unprecedented building boom, as the German government and city …
