A.M. Best Co. has affirmed the financial strength ratings of “A++” (Superior) and the issuer credit rating of “aa+” of U.K.-based Faraday Reinsurance Co. Limited, a subsidiary of Germany’s Cologne Re Group, which is in turn part of Berkshire Hathaway’s …
Insurers face five times the average number of lawsuits than other economic sectors Insurance companies are the litigation champions confronting an average of 1,696 lawsuits, spanning from product liability and environmental class actions to directors and officers claims, and even …
Navigators Pro, a division of Navigators Management Co., has introduced a new professional liability policy for accounting firms. Called the APL InNAVation, the policy provides coverage for accounting firms, their partners, accountants and staff who are legally obligated to pay …
Aon, Old Republic Insurance Co. Chicago-based Aon has taken further steps to exit the property and casualty underwriting business by moving to sell its Construction Program Group (CPG). Aon also announced that it would strengthen reserves for its remaining specialty …
Aon, Old Republic Insurance Co. Chicago-based Aon has taken further steps to exit the property and casualty underwriting business by moving to sell its Construction Program Group (CPG). Aon also announced that it would strengthen reserves for its remaining specialty …
Affirmative Insurance Holdings, USAgencies Affirmative Insurance Holdings Inc., Addison, Texas, and privately-held USAgencies L.L.C., based in Baton Rouge, La., announced a definitive agreement under which Affirmative will acquire 100 percent of the membership units of USAgencies, in a fully-financed all …
News Currents Insurance companies are the litigation champions confronting an average of 1,696 lawsuits, spanning from product liability and environmental class actions to directors and officers claims, and even coverage fights over hurricanes and terrorist attacks, according to a new …
Chicago-based Aon Corp. recently announced proposed changes to its U.S. and U.K. defined benefit pension plans to maintain competitive retirement benefits for its employees while reducing future pension costs, according to the company release. Changes to the pension plans will …
Kroll, the security division of the Marsh & McLennan Companies, has issued a statement denying reports that it is planning to pull its international security services out of Iraq and Afghanistan. The Company stated: “Kroll is remaining in Iraq and …
Zurich Financial Services Group has appointed Guy Munnoch, 54, to the position of Chief Executive Officer (CEO), General Insurance in the United Kingdom, effective January 1, 2007. In this role he will report to Dieter Wemmer, CEO Europe General Insurance, …
