The Archdiocese of St. Louis is suing a law firm that handles clergy sex abuse cases, claiming it is improperly circulating confidential documents related to eight current or former priests. At a news conference earlier this week, members of the …
A.M. Best Co. has upgraded the financial strength rating (FSR) to “B” (Fair) from “C++” (Marginal) and the issuer credit ratings (ICR) to “bb” from “b” of the Republic Western Insurance Group, which consists of Republic Western Insurance Company of …
Cayman Islands-based Greenlight Capital Re, Ltd. announced the completion of its initial public offering of 11,787,500 Class A Ordinary Shares including 1,537,500 Class A Ordinary Shares sold pursuant to the underwriters’ exercise of their over-allotment option (See IJ web site …
Sue Langley, previously Chief Operating Officer at Hiscox, is leaving the Bermuda-based/UK insurer to take up a new position as Lloyd’s Director, Market Operations and North America. She is expected to formally join Lloyd’s this summer Lloyd’s indicated that Langley …
Standard & Poor’s Ratings Services has issued a report – “Beware Solvency II: As The 2010 Implementation Date Looms Closer, European Insurers Should Ignore It At Their Peril” -, warning the EU’s insurance community that the impact from the implementation …
Standard & Poor’s Ratings Services has revised its outlook on PartnerRe Ltd. and its operating subsidiaries– Partner Reinsurance Co. Ltd., PartnerRe S.A., and Partner Reinsurance Co. of U.S. (collectively, PRE) to stable from negative. S&P also affirmed its “A” counterparty …
Global broker Willis, in its latest “Property Alert” indicates that the “the global capacity, pricing regimens, terms and conditions for both Cat Risks and non-Cat Risks in the global property insurance market are changing more rapidly than many would have …
Florida’s newest Urban Search and Rescue Training Facility was dedicated on the Florida State Fire College campus in Ocala on May 25 The state’s nine Urban Search and Rescue Task Forces and 53 Light Technical Rescue Teams, many of which …
The largest association of commercial insurance buyers has stepped-up its opposition to the acceptance of contingent compensation by any agent or broker, calling such compensation “an inherent conflict of interest” in a strongly worded policy restatement. The 10,000-member Risk and …
California’s State Compensation Insurance Fund announced it filed for an 11 percent average decrease in collectible premium for its July 1, 2007, workers’ compensation insurance rates. The new rates will affect new and renewal workers’ compensation policies with an effective …