The Export Import Bank of the United States announced that over the last two months it has “has approved five medium-term insurance policies through PNC Bank for buyers in Chile, all of which focus on infrastructure development.” The bank’s bulletin …
EPIC (Edgewood Partners Insurance Center) has added Cheryl Downey as a senior vice president in its San Ramon, Calif.-based Programs Group. She has more than 25 years of experience in commercial property and casualty insurance with a specialty in hospitality …
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Iowa-based Toyota Motor Insurance Company (TMIC), both with stable outlooks. The ratings reflect the company’s “adequate capitalization and improved operating performance,” …
A new company that offers domestic, remote staffing services for insurance agencies and brokerages has opened in New York. Work At Home Vintage Employees (WAHVE) says its business model is to employ skilled insurance industry retirees located throughout the United …
Marsh Mac’s risk and reinsurance specialist, Guy Carpenter & Company, announced that it has named Liz Flynn as Global Chief Operating Officer. She will be based in New York and will report to Peter Zaffino, Guy Carpenter’s President and CEO. …
President Barack Obama will press BP executives this week to set up an escrow account to pay damage claims by individuals and businesses hurt by the Gulf of Mexico oil spill disaster. The move comes as Obama, who will address …
A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Liberty Mutual Insurance Companies and Peerless Insurance Company Pool and their members, as well as UK-based Liberty Mutual Insurance …
Attorneys general in Florida and Mississippi are upping the political pressure on BP over the oil gusher that is threatening their states and the entire Gulf Coast. Florida Attorney General McCollum sent a letter to BP asking the company to …
When I first started as an underwriter a few decades ago, I was truly amazed at the coverage knowledge so many of the older underwriters had. The most remarkable underwriters knew their stuff. They were great resources for the newbies …
Global regulators cannot adopt one-size-fits-all rules and practices as they react to the financial crisis, but it is possible to have common principles, a top Japanese regulator said Wednesday. Other market watchdogs and industry members at a conference here echoed …
