ACE’s creation of a unique London-based trading floor is paying considerable dividends for ACE INA UK Limited, the newly re-authorised business of the ACE European Group. Results for the first six months of trading reveal that ACE INA UK Limited …
California Insurance Commissioner John Garamendi commended lawmakers July 9 for moving workers’ compensation bills into a Legislative Conference Committee, and consequently moving the reform of the system closer to passage. The Senate Labor and Industrial Relations Committee and the Assembly …
XL Capital Ltd. will host its first-ever global risk conference, the XL Capital Congress, Sept. 4-5 in Montreux, Switzerland on the theme “Thought Leadership for a World at Risk”. The conference formerly known as the WinConference, which was organized by …
A Jasper, Texas chiropractor is facing felony charges following an undercover “sting” operation conducted by Texas Mutual Insurance Company. On July 15, 2003, a Travis County grand jury indicted Dr. Michael T. Fleck, owner of East Texas Chiropractic, on insurance …
A Foresthill, Calif. man surrendered to authorities on three felony counts of insurance fraud after an investigation by the CDI Fraud Division. Arley John Ronsonet, 29, was booked into the Placer County Jail on June 27 and bail was set …
A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) of Mapfre Tepeyac S.A. (Mapfre) (Mexico). The rating outlook is stable. The rating reflects Mapfre’s excellent capitalization, favorable operating trends and strong market presence. Additionally, the rating recognizes …
Minnesota-based Stellent, Inc., a global provider of content management solutions, announced that PMA Reinsurance, a domestic property and casualty reinsurance company, has selected Stellent® Content Management to streamline and automate its claims handling process. Stellent Content Management will reportedly enhance …
Crisis Management, a new service that shows organizations how to create a detailed response plan for all types of crises, including fires, tornadoes, earthquakes, medical emergencies, chemical spills and terrorist attacks, has been introduced by Bowman Specialty Services, LLC, a …
Standard & Poor’s commented on the CreditWatch status of Germany-based credit insurance company Gerling NCM Credit and Finance AG (Gerling NCM), reflecting the impact of its new shareholder structure. This follows the May 7 announcement that Gerling-Konzern Versicherungs-Beteiligungs-AG (GKB) has …
Standard & Poor’s has affirmed its ‘A’ long-term counterparty credit and insurer financial strength ratings on Bergen-based mutual marine insurer Norwegian Hull Club (NHC), following a review. The outlook is stable. “The ratings reflect NHC’s very strong capital, good historical …