A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of Bermuda-based Lancashire Insurance Company Limited and Lancashire Insurance Company (UK) Limited, collectively …
BP Plc’s newly named chief executive Tuesday called the Gulf oil spill a “wake-up call” for the entire industry as the company tallied up its losses and disclosed two U.S. investigations. Bob Dudley, who will replace gaffe-prone Tony Hayward as …
ACE Limited reported net income for the quarter ended June 30, 2010, of $677 million, or $1.98 per share, compared with $535 million, or 1.58 per share for the same quarter last year. Income excluding net realized gains/losses, or operating …
Momentous Insurance Brokerage of Van Nuys, Calif., has announced a strategic partnership with Doodson Entertainment, a specialist brokerage firm in the United Kingdom and the United States, to bring enhanced capability in placing non-appearance and event cancellation insurance solutions. Non-appearance …
Iran said on Monday it was ready to return to talks on a nuclear fuel swap, a surprise that came shortly after the European Union agreed tougher sanctions, including a block on oil and gas investment. EU foreign ministers approved …
Dallas-based MarketScout Wholesale (MSW) has expanded its operations by establishing a presence in Arizona. Toni Adame-Cavage has joined MSW in Arizona as a senior boker. Prior to joining MSW, Adame-Cavage was a casualty broker with All Risks Ltd. Additionally, Steve …
California Insurance Commissioner Steve Poizner is considering a recent court decision a victory for consumers, as a lawsuit that attempted to stop the Commissioner from protecting Californians in connection with the Executive Life Insurance Co. was dismissed by the Court. …
Industry “think tank” focuses on new underwriting and distribution concepts. Property and Casualty insurance underwriting and distribution are changing dramatically. On September 14 and 15 MarketScout will host over 400 industry leaders at the fourth annual Entrepreneurial Insurance Symposium. According …
British energy giant BP Plc is holding up payments to economic victims of the Gulf of Mexico oil spill, Kenneth Feinberg, administrator of a $20 billion compensation fund, said Saturday. “I have a concern that BP is stalling claims. Yes, …
Honolulu-based Island Insurance Co. Ltd., Hawaii’s largest locally owned and managed property and casualty insurance carrier, has appointed Jeff Fabry as senior vice president and chief information officer and chief security officer. Fabry, who previously held the title of vice …
