Giles Insurance Brokers, Scotland’s largest independent insurance broker, announced the opening of its first American office in the Chicago area. According to its written statement, Giles US Insurance Brokers, based in Northbrook, Ill., will specialize in commercial insurance and risk-management …
Standard & Poor’s Ratings Services announced that it has revised its outlook on the global reinsurance industry to stable from negative, “indicating that there will be little near-term movement in ratings or outlooks, according to two reports (‘Strong Industry Fundamentals …
The Hagerty Collector Network announced the continued expansion of its collector car specialty program with the launch of its new U.K. insurance affiliate, Hagerty International Ltd. The new Company will provide “U.K. enthusiasts with specialized collector car insurance policies including …
Integro Insurance Brokers, Ltd., The U.K.-based subsidiary of global broker Integro, announced that Peter Burton has accepted the position of Compliance Officer in London. Burton has 32 years of experience in the Lloyd’s of London and United Kingdom insurance market. …
A.M. Best Co. announced that it has assigned a financial strength rating of “A-” (Excellent) and an issuer credit rating (ICR) of “a-” to Omega Specialty Insurance Company Limited (OSIL), a newly formed Bermudan insurer. Best also assigned an ICR …
For centuries mankind dreamed of being able to fly. The Wright brothers may not have envisioned jet aircraft, let alone cattle car class, but they did initiate powered flight over 100 years ago. So with that mission accomplished, people now …
Shareholders of Lincoln National Corp. approved its $7.5 billion acquisition of rival Jefferson-Pilot Corp. The combined company, with 2004 revenue of $9.5 billion, will be headquartered in Philadelphia. Eastern buys Howland’s Agency in Mass. Eastern Insurance Group has acquired Howland’s …
A.M. Best Co. announced that it has assigned a financial strength rating of “A-” (Excellent) and an issuer credit rating (ICR) of “a-” to Hiscox Insurance Company (Guernsey) Ltd., the U.K.-based Group’s specialist offshore insurer. The outlook for both ratings …
The London insurance market: The City and the regulators For 317 years London’s insurance market in general and Lloyd’s in particular has been adapting to changing conditions both locally and globally. It’s never been easy, but the fact that it …
For 317 years London’s insurance market in general and Lloyd’s in particular has been adapting to changing conditions both locally and globally. It’s never been easy, but the fact that it has happened at all — let alone for over …
