http://www.dna-insurance.com Up to the minute insurance news and magazine archives for clients and insurance professionals en-us Copyright 2007 DNA Insurance Services Ltd. All rights reserved. Wed, 05 Dec 2007 08:05:55 -0600 http://www.dna-insurance.com http://www.insurancejournal.com/news/international/2008/01/11/86308.htm http://www.insurancejournal.com/news/international/2008/01/11/86308.htm Guy Carpenter & Company has released its "2008 Reinsurance Market Review: Near Misses Call for Caution." Fri, 11 Jan 2008 00:00:00 -0600 http://www.insurancejournal.com/news/international/2008/01/11/86307.htm http://www.insurancejournal.com/news/international/2008/01/11/86307.htm The World Economic Forum has published a report on the state of the global economy in advance of its annual meeting, scheduled to be held in the Swiss resort of Davos January 23 to 27. Fri, 11 Jan 2008 00:00:00 -0600 http://www.insurancejournal.com/news/international/2008/01/10/86269.htm http://www.insurancejournal.com/news/international/2008/01/10/86269.htm The Association of British Insurers has announced that its members - who constitute most of the UK's insurance industry - "will pay more claims for Critical Illness, Income Protection and life insurance" Thu, 10 Jan 2008 00:00:00 -0600 http://www.insurancejournal.com/news/international/2008/01/10/86266.htm http://www.insurancejournal.com/news/international/2008/01/10/86266.htm Asbestos related claims have been an albatross around the neck of the insurance industry for over 20 years. They almost caused Lloyd's to collapse in the 1990s. Thu, 10 Jan 2008 00:00:00 -0600 http://www.insurancejournal.com/news/international/2008/01/07/86240.htm http://www.insurancejournal.com/news/international/2008/01/07/86240.htm A research study, commissioned by Lloyd's and the Economist Intelligence Unit in 2007, found that "54 percent of business leaders felt that the risk to their company of political violence and terrorist activity would increase over the next five years." Wed, 9 Jan 2008 00:00:00 -0600 http://www.insurancejournal.com/news/international/2008/01/07/86238.htm http://www.insurancejournal.com/news/international/2008/01/07/86238.htm French reinsurer SCOR SE announced that it has renewed its successful business relationship with the Medical Defence Union Ltd. (MDU), the UK's leading medical defense organization. Wed, 9 Jan 2008 00:00:00 -0600 http://www.insurancejournal.com/news/international/2008/01/07/86200.htm http://www.insurancejournal.com/news/international/2008/01/07/86200.htm Swiss Re announced that it has successfully structured and placed €200 million ($294 million) of securities covering windstorm events in France. Tue, 8 Jan 2008 00:00:00 -0600 http://www.insurancejournal.com/news/international/2008/01/07/86197.htm http://www.insurancejournal.com/news/international/2008/01/07/86197.htm In a special report A.M. Best Co. warns that "lurking beneath Central Europe are numerous faults that rarely break the ground surface but that still could lead to large scale catastrophe losses for insurers and reinsurers." Tue, 8 Jan 2008 00:00:00 -0600 http://www.insurancejournal.com/news/international/2008/01/07/86196.htm http://www.insurancejournal.com/news/international/2008/01/07/86196.htm Australians battled both fires and some of the worst flooding in decades Monday that stranded residents in several communities after days of intense summer heat and storms. Tue, 8 Jan 2008 00:00:00 -0600 http://www.insurancejournal.com/news/international/2008/01/07/86158.htm http://www.insurancejournal.com/news/international/2008/01/07/86158.htm Standard & Poor's Ratings Services has affirmed its 'BBB' counterparty credit and senior debt ratings on Bermuda-based Allied World Assurance Co. Holdings Ltd. Mon, 7 Jan 2008 00:00:00 -0600 http://www.insurancejournal.com/news/international/2008/01/07/86128.htm http://www.insurancejournal.com/news/international/2008/01/07/86128.htm Lloyd's announced that it has become the first foreign entity to take advantage of a recent regulatory change in Chile's insurance practice. Mon, 7 Jan 2008 00:00:00 -0600 http://www.insurancejournal.com/news/international/2007/12/31/86090.htm http://www.insurancejournal.com/news/international/2007/12/28/86090.htm An increasingly common complaint against the insurance industry charges that it is largely responsible for the disappearance of traditional events and activities due to the unavailability and/or the increasing cost of liability coverage. Fri, 4 Jan 2008 00:00:00 -0600 http://www.insurancejournal.com/news/international/2007/12/31/86044.htm http://www.insurancejournal.com/news/international/2007/12/28/86044.htm A powerful earthquake that rocked the eastern Caribbean last month has for the first time triggered use of an insurance pool that provides emergency cash to regional islands after a significant natural disaster. Thu, 3 Jan 2008 00:00:00 -0600 http://www.insurancejournal.com/news/international/2007/12/31/86038.htm http://www.insurancejournal.com/news/international/2007/12/28/86038.htm Dublin-based Research and Markets has added "Insurance in Europe" to their offering. Thu, 3 Jan 2008 00:00:00 -0600 http://www.insurancejournal.com/news/international/2007/12/31/86012.htm http://www.insurancejournal.com/news/international/2007/12/28/86012.htm Although this year's presents have long been opened, those who supply them have concerns that just won't go away. Mon, 31 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/international/2007/12/28/85967.htm http://www.insurancejournal.com/news/international/2007/12/28/85967.htm A bulletin on the Lloyd's web site (www.lloyds.com) notes that the State of New Mexico and Virgin Galactic recently announced plans to construct a "multi-million pound spaceport." Fri, 28 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/international/2007/12/28/85966.htm http://www.insurancejournal.com/news/international/2007/12/28/85966.htm The Netherlands ING Group announced that it has reached an agreement with Berkshire Hathaway to sell its reinsurance unit NRG N.V. for approximately € 300 million (440 million). Fri, 28 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/international/2007/12/27/85924.htm http://www.insurancejournal.com/news/international/2007/12/27/85924.htm Brazil's premier modern art museum had no insurance on paintings by Pablo Picasso and Candido Portinari stolen in a brazen burglary, the museum's spokesman said on Saturday. Thu, 27 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/international/2007/12/20/85843.htm http://www.insurancejournal.com/news/international/2007/12/20/85843.htm During the last interglacial period, over 100,000 years ago, the world's oceans were over four meters (app. 13 feet) higher than they are today. Thu, 20 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/international/2007/12/20/85842.htm http://www.insurancejournal.com/news/international/2007/12/20/85842.htm Zurich Financial Services Group announced that OOO NASTA Insurance Company will operate under the global Zurich brand and the name Zurich Retail Insurance Company Ltd. Thu, 20 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/international/2007/12/19/85806.htm http://www.insurancejournal.com/news/international/2007/12/19/85806.htm A.M. Best Co. has affirmed the financial strength rating of 'A' (Excellent) and the issuer credit rating of "a" of National Grid Insurance Company Ltd. Wed, 19 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/international/2007/12/19/85784.htm http://www.insurancejournal.com/news/international/2007/12/19/85784.htm The Bermuda-based Catlin Group Limited announced that Catlin Insurance Company Ltd. of Bermuda has purchased coverage totaling $225 million. Wed, 19 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/international/2007/12/19/85783.htm http://www.insurancejournal.com/news/international/2007/12/19/85783.htm Toronto-based Kingsway Financial Services Inc. (KFSI) announced that it would report a reserve increase at its Lincoln General subsidiary in the fourth quarter. Wed, 19 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/international/2007/12/19/85781.htm http://www.insurancejournal.com/news/international/2007/12/19/85781.htm Bermuda's ACE Limited has announced the following earnings guidance for the ACE Group of Companies for the full year 2008: Wed, 19 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/international/2007/12/19/85780.htm http://www.insurancejournal.com/news/international/2007/12/19/85780.htm Swiss Re has released a preliminary "sigma" report detailing the extent of 2007's catastrophe losses. Wed, 19 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/international/2007/12/18/85772.htm http://www.insurancejournal.com/news/international/2007/12/18/85772.htm Standard & Poor's Ratings Services has indicated that there will be "no impact on its ratings on Tokio Marine & Nichido Fire Insurance Co. Ltd." Tue, 18 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/international/2007/12/18/85748.htm http://www.insurancejournal.com/news/international/2007/12/18/85748.htm Bermuda based Aspen Insurance Holdings Limited has appointed Bernard de Haldevang as Head of Political Risk Insurance with immediate effect. Tue, 18 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/international/2007/12/18/85747.htm http://www.insurancejournal.com/news/international/2007/12/18/85747.htm Integro Insurance Brokers announced that it has relocated its London office to 100 Leadenhall Street, EC3 from 81 Gracechurch Street. Tue, 18 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/international/2007/12/18/85746.htm http://www.insurancejournal.com/news/international/2007/12/18/85746.htm Toronto based Kingsway Financial Services Inc. announced that its founder William G. Star is retiring from his position as president and CEO, effective December 31, 2007. Tue, 18 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/international/2007/12/18/85745.htm http://www.insurancejournal.com/news/international/2007/12/18/85745.htm Dr. Claire Souch, director of model management at Risk Management Solutions, has commented on the recently issued report of the Pitt Review of flood risks in the UK. Tue, 18 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/international/2007/12/18/85744.htm http://www.insurancejournal.com/news/international/2007/12/18/85744.htm Lloyds's insurer, Marketform Group Limited, which specilizes in non US medical malpractice and other specialty lines, announced that American Financial Group Inc. Tue, 18 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/international/2007/12/17/85732.htm http://www.insurancejournal.com/news/international/2007/12/17/85732.htm A.M. Best Co. has affirmed the financial strength ratings of 'A-' (Excellent) and issuer credit ratings of "a-" of London General Insurance Company Limited (LGI) and London General Life Company Limited (LGL) with a stable outlook for both. Mon, 17 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/international/2007/12/17/85709.htm http://www.insurancejournal.com/news/international/2007/12/17/85709.htm Marsh has appointed Sarah Richmond as a Risk Consultant in its Europe, Middle East and Africa (EMEA) Product Risk Practice. Mon, 17 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/international/2007/12/17/85707.htm http://www.insurancejournal.com/news/international/2007/12/17/85707.htm Arthur J. Gallagher & Co. announced that it has acquired a 38.5 percent equity interest in CGM Group Limited, headquartered in Kingston, Jamaica. Mon, 17 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/international/2007/12/17/85706.htm http://www.insurancejournal.com/news/international/2007/12/17/85706.htm Standard & Poor's Ratings Services has raised its counterparty credit rating on Bermuda-based RenaissanceRe Holdings Ltd. to 'A' from 'A-,' Mon, 17 Dec 2007 00:00:00 -0600 http://www.rediff.com/sports/2007/dec/15cap.htm http://www.rediff.com/sports/2007/dec/15cap.htm Italian Fabio Capello was given the England manager's job until 2012 by the Football Association (FA) on Friday. Mon, 17 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/international/2007/12/17/85705.htm http://www.insurancejournal.com/news/international/2007/12/17/85705.htm Bermuda-based PartnerRe Ltd. announced that Eric Gesick has been appointed as PartnerRe's Group Chief Actuary. Mon, 17 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/international/2007/12/17/85704.htm http://www.insurancejournal.com/news/international/2007/12/17/85704.htm Munich Re is also buying a slightly smaller piece of Aon (See previous article). Mon, 17 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/international/2007/12/17/85703.htm http://www.insurancejournal.com/news/international/2007/12/17/85703.htm Bermuda-based ACE Limited and Germany's Munich Re have both signed deals with Aon to purchase part of the international broker's insurance activities. Mon, 17 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/international/2007/12/14/85680.htm http://www.insurancejournal.com/news/international/2007/12/14/85680.htm A.M. Best Co. has assigned an issuer credit rating (ICR) of "a+" and affirmed the financial strength rating (FSR) of 'A' (Excellent) of Canada's Temple Insurance Company Fri, 14 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/international/2007/12/14/85674.htm http://www.insurancejournal.com/news/international/2007/12/14/85674.htm The U.N. climate chief warned on Thursday that a deadlock between the United States and the European Union over pollution cuts threatened to derail talks aimed at launching negotiations for a new global warming pact. Fri, 14 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/international/2007/12/14/85664.htm http://www.insurancejournal.com/news/international/2007/12/14/85664.htm Zurich Financial Services Group announced that it will expand its services for corporate customers into the Asia-Pacific region with the creation of a new business unit, Global Corporate in Asia-Pacific (GCiAP). Fri, 14 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/international/2007/12/14/85663.htm http://www.insurancejournal.com/news/international/2007/12/14/85663.htm A.M. Best Co. announced that it has upgraded the ratings of a nember of companies -l isted below - following a review of the application of its country risk methodology within the rating process. Fri, 14 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/international/2007/12/14/85662.htm http://www.insurancejournal.com/news/international/2007/12/14/85662.htm Willis Group Holdings will expand its global graduate program in 2008, following the program's "huge success" in China. Fri, 14 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/international/2007/12/14/85661.htm http://www.insurancejournal.com/news/international/2007/12/14/85661.htm Guy Carpenter & Company, LLC has published "Wrong Type of Rain: Impact and Implications of 2007 UK Floods," Fri, 14 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/international/2007/12/14/85660.htm http://www.insurancejournal.com/news/international/2007/12/14/85660.htm The boards of Tokio Marine & Nichido Fire Insurance Co., Ltd. (TMNF), the main operating companies of Japan's Millea Group, and Bermuda-based Kiln Ltd. , a major Lloyd's insurer, announced that they have reached agreement on the terms of a recommended cash acquisition Fri, 14 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/international/2007/12/13/85617.htm http://www.insurancejournal.com/news/international/2007/12/13/85617.htm Lloyd's has published its new 2008-2010 Three Year Plan, which aims to build on its past success. Thu, 13 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/international/2007/12/13/85616.htm http://www.insurancejournal.com/news/international/2007/12/13/85616.htm Insurance Australia Group Limited (IAG) has issued a bulletin noting that as of 11:00 a.m. today, "approximately 13,000 claims had been received as a result of the storm that hit Sydney last Sunday. Thu, 13 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/international/2007/12/13/85615.htm http://www.insurancejournal.com/news/international/2007/12/13/85615.htm The Loyalist Insurance Group Limited, an Ontario, Canada based financial services holding company, announced that it has entered into a binding purchase and sale agreement with Brownstone Holdings Inc. Thu, 13 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/international/2007/12/13/85614.htm http://www.insurancejournal.com/news/international/2007/12/13/85614.htm Munich Re held an "Investors' Day " in London, yesterday, Dec. 12, which featured a presentation of its strategy regarding for ERGO, its primary insurance business. Thu, 13 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/international/2007/12/13/85613.htm http://www.insurancejournal.com/news/international/2007/12/13/85613.htm Zurich Financial Services Group announced that it has elevated Axel P. Lehmann, a 48 year-old Swiss national, to the post of Chief Risk Officer and to the Group Executive Committee effective January 1, 2008. Thu, 13 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/international/2007/12/13/85612.htm http://www.insurancejournal.com/news/international/2007/12/13/85612.htm Standard & Poor's Ratings Services gave the American International Group a vote of confidence as it affirmed AIG's 'AA' long-term counterparty rating and its 'AA+' counterparty credit and financial strength ratings on AIG's core operating subsidiaries. Thu, 13 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/international/2007/12/13/85585.htm http://www.insurancejournal.com/news/international/2007/12/13/85585.htm A new study comparing the composite output of 22 leading global climate models with actual climate data finds that the models do an unsatisfactory job of mimicking climate change in key portions of the atmosphere. Thu, 13 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/international/2007/12/12/85577.htm http://www.insurancejournal.com/news/international/2007/12/12/85577.htm A.M. Best Co. has assigned a financial strength rating of 'B+' (Good) and an issuer credit rating of "bbb-" to Russian Reinsurance Company with a stable outlook. Wed, 12 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/international/2007/12/12/85576.htm http://www.insurancejournal.com/news/international/2007/12/12/85576.htm Lloyd's Director & General Counsel Sean McGovern, called Florida's decision to explore making changes in the collateral insurance requirements for foreign, or "alien," reinsurers, such as Lloyd's, "good news." Wed, 12 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/international/2007/12/12/85575.htm http://www.insurancejournal.com/news/international/2007/12/12/85575.htm A.M. Best Co. has affirmed the financial strength rating (FSR) of 'A' (Excellent) and the issuer credit rating (ICR) of "a+" of Zurich Insurance Company (ZIC) Wed, 12 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/international/2007/12/11/85569.htm http://www.insurancejournal.com/news/international/2007/12/11/85569.htm Standard & Poor's Ratings Services has raised its long-term counterparty credit and insurer financial strength ratings. Wed, 12 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/international/2007/12/11/85569.htm http://www.insurancejournal.com/news/international/2007/12/11/85569.htm Nobel Laureate Al Gore accepted the 2007 Nobel Peace Prize in Oslo Monday night Dec. 10 with a direct appeal to the U.S. and China to take action to curb greenhouse gas emissions, notably CO2. Tue, 11 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/international/2007/12/11/85551.htm http://www.insurancejournal.com/news/international/2007/12/11/85551.htm Lloyd's held its first ever seminar on nanotechnology on Monday, December 10, 2007. Tue, 11 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/international/2007/12/11/85545.htm http://www.insurancejournal.com/news/international/2007/12/11/85545.htm A.M. Best Co announced that Nick Charteris-Black will be joining the rating agency during the first quarter of 2008 as Director - Global Financial Services for A.M. Best Europe. Tue, 11 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/international/2007/12/11/85544.htm http://www.insurancejournal.com/news/international/2007/12/11/85544.htm Willis Group Holdings has appointed Cees van der Slikke to Executive Vice President of the Company's Energy Business in Canada Tue, 11 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/international/2007/12/11/85543.htm http://www.insurancejournal.com/news/international/2007/12/11/85543.htm Marsh announced from its London office that Hutton Swinglehurst has been named as a Senior Vice President and Matthew Hogg as a Vice President of its global Communications, Media and Technology Practice (CMT). Tue, 11 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/international/2007/12/11/85542.htm http://www.insurancejournal.com/news/international/2007/12/11/85542.htm Bermuda-based Allied World Assurance Company Holdings, Ltd. announced that its U.S. holding company has entered into an agreement to purchase Converium Insurance (North America), Inc., a New Jersey domiciled company. Tue, 11 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/international/2007/12/10/85526.htm http://www.insurancejournal.com/news/international/2007/12/10/85526.htm Standard & Poor's Ratings Services has raised its long-term local currency counterparty credit and insurer financial strength ratings on Thai Reinsurance Public Co. Ltd. Mon, 10 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/international/2007/12/10/85513.htm http://www.insurancejournal.com/news/international/2007/12/10/85513.htm Bermuda-based Endurance Specialty Holdings Ltd. announced the closing of the acquisition by Endurance US Holdings Corp. of ARMtech Insurance Services, Inc. and its affiliates Mon, 10 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/international/2007/12/10/85512.htm http://www.insurancejournal.com/news/international/2007/12/10/85512.htm Bermuda-based Ironshore Inc. has announced that Ronald A. Sandler, who joined the Company's Board in October, has been elected as Chairman of the Board of Directors. Mon, 10 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/international/2007/12/10/85511.htm http://www.insurancejournal.com/news/international/2007/12/10/85511.htm The Geneva-based International Labor Organization has announced a partnership with the Bill & Melinda Gates Foundation that aims to develop new kinds of insurance Mon, 10 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/international/2007/12/10/85510.htm http://www.insurancejournal.com/news/international/2007/12/10/85510.htm German insurer ERGO, Munich Re's primary insurance subsidiary, announced that it has reached an agreement with Daum Communications and LIG Insurance Mon, 10 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/international/2007/12/07/85506.htm http://www.insurancejournal.com/news/international/2007/12/07/85506.htm A.M. Best Co. has affirmed the financial strength rating of 'A-' (Excellent) and the issuer credit rating (ICR) of "a-" of Korean Reinsurance Company Fri, 07 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/international/2007/12/07/85480.htm http://www.insurancejournal.com/news/international/2007/12/07/85480.htm Dublin-based Research and Markets announced the addition of "Snapshots India Non-Life Insurance 2007" and "Snapshots Netherlands Non-Life Insurance 2007" to their offering. Fri, 07 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/international/2007/12/07/85479.htm http://www.insurancejournal.com/news/international/2007/12/07/85479.htm Risk Management Solutions has confirmed its modeled hurricane activity rates for 2008 to 2012, following "an elicitation with a group of the World's leading hurricane researchers." Fri, 07 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/international/2007/12/06/85451.htm http://www.insurancejournal.com/news/international/2007/12/06/85451.htm CNinsure Inc. has announced the signing of definitive agreements to acquire a 60 percent stake in Guangdong Fangzhong Insurance Thu, 06 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/international/2007/12/06/85450.htm http://www.insurancejournal.com/news/international/2007/12/06/85450.htm AXA Corporate Solutions announced from Paris that it has acquired the consulting firm Matrix Risk Consultants Inc., based in Miamisburg Thu, 06 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/international/2007/12/06/85449.htm http://www.insurancejournal.com/news/international/2007/12/06/85449.htm Bermuda-based XL Insurance, the global insurance operation of XL Capital Ltd., announced that it has completed the purchase of Global Asset Protection Services LLC (GAPS) Thu, 06 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/international/2007/12/06/85448.htm http://www.insurancejournal.com/news/international/2007/12/06/85448.htm American International Underwriters (AIU), the international P/C division of American International Group (AIG), has announced it will offer a series of podcasts or audiocasts, entitled "'AIUcasts,' Thu, 06 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/international/2007/12/06/85447.htm http://www.insurancejournal.com/news/international/2007/12/06/85447.htm Marsh announced that it has appointed international risk expert Atle Farstad as Principal in its Risk Consulting Practice in London. Thu, 06 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/international/2007/12/06/85446.htm http://www.insurancejournal.com/news/international/2007/12/06/85446.htm An exhaustive study of the threat posed by coastal flooding warns that "as many as 150 million people in the world's major cities could be reliant on flood defenses by 2070." Thu, 06 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/international/2007/12/05/85417.htm http://www.insurancejournal.com/news/international/2007/12/05/85417.htm U.S. delegates at the U.N. climate conference insist they will not be a roadblock to a new international agreement aimed at reducing potentially catastrophic greenhouse gases, but refuse to endorse ma Wed, 05 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/southeast/2007/12/05/85416.htm http://www.insurancejournal.com/news/southeast/2007/12/05/85416.htm The latest power struggle between W. Va. Gov. Joe Manchin's administration and lawmakers spilled out into the open last week, and those who attended the final meeting of the monthly interim session go Wed, 05 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/national/2007/12/05/85419.htm http://www.insurancejournal.com/news/national/2007/12/05/85419.htm Federal officials said this week they will investigate why a $1 billion Sept. 11 insurance fund created by Congress to cover claims of sick ground zero workers is fighting the cases in court rather th Wed, 05 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/east/2007/12/05/85257.htm http://www.insurancejournal.com/news/east/2007/12/05/85257.htm Insurance agents in Massachusetts support the state's move to managed competition in private passenger auto insurance but oppose insurers' use of credit scoring in rating or underwriting. In an onl Wed, 05 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/east/2007/12/05/85421.htm http://www.insurancejournal.com/news/east/2007/12/05/85421.htm An ambulance crash that killed a passenger and seriously injured an emergency medical technician last week in Vermont spotlights two major concerns in many serious ambulance crashes: questionable driv Wed, 05 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/national/2007/12/05/85418.htm http://www.insurancejournal.com/news/national/2007/12/05/85418.htm Federal prosecutors intend to call billionaire investor Warren Buffett to testify against five former senior insurance executives charged with helping the American International Group to manipulate it Wed, 05 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/west/2007/12/05/85412.htm http://www.insurancejournal.com/news/west/2007/12/05/85412.htm California's State Compensation Insurance Fund has collected $146,468 in restitution from two owners of a Ventura County, Calif.-based construction firm as part of their sentence in a workers' compens Wed, 05 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/national/2007/12/05/85413.htm http://www.insurancejournal.com/news/national/2007/12/05/85413.htm Professional Program Insurance Brokerage has announced enhancements to its tattoo and body piercing program. Broader property coverage is available including coverage for property of others, property Wed, 05 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/southeast/2007/12/05/85415.htm http://www.insurancejournal.com/news/southeast/2007/12/05/85415.htm Online hazard mapping firm, CDS Business Mapping LLC., added a Florida Wildfire report to its RiskMeter Online natural hazard risk report service. By typing in an address, RiskMeter's wildfire re Wed, 05 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/west/2007/12/05/85382.htm http://www.insurancejournal.com/news/west/2007/12/05/85382.htm Flood & Peterson Insurance of Greeley, Colo., has added Rusty Lear, a 21-year veteran of the surety bonding industry, to its staff. Lear, who has worked in Colorado for 15 years, previously worked Wed, 05 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/west/2007/12/05/85381.htm http://www.insurancejournal.com/news/west/2007/12/05/85381.htm Vertafore of Bothell, Wash., has appointed Darryl Lemecha. Lemecha cheif information officer. He will be responsible for leading corporate information technology strategy and hosting services for all Wed, 05 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/east/2007/12/04/85410.htm http://www.insurancejournal.com/news/east/2007/12/04/85410.htm The Supreme Court declined this week to rule on a case that tests whether states such as Virginia can regulate the sale of life insurance by policyholders to investors, a practice known as "viatical'' Tue, 04 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/international/2007/12/04/85397.htm http://www.insurancejournal.com/news/international/2007/12/04/85397.htm As many as 150 million people in the world's major cities could be reliant on flood defenses by 2070 - more than three times the 40 million people today - as a result of climate change and urban devel Tue, 04 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/southeast/2007/12/04/85389.htm http://www.insurancejournal.com/news/southeast/2007/12/04/85389.htm Florida is the first state to implement a program that officials say will improve services and save money in the administration of insurance company receiverships, according to the state's Chief Finan Tue, 04 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/east/2007/12/04/85403.htm http://www.insurancejournal.com/news/east/2007/12/04/85403.htm A second major carrier has begun making inroads to the soon-to-be-deregulated Bay State auto insurance market, although it has stopped short of saying it will sell Massachusetts personal auto policies Tue, 04 Dec 2007 00:00:00 -0600 http://www.insurancejournal.com/news/international/2007/11/29/85317.htm http://www.insurancejournal.com/news/international/2007/11/29/85317.htm Fri, 30 Nov 2007 09:00:00 GMT Zurich Financial Services announced changes in the claims division of its global corporate and European General insurance units. http://www.insurancejournal.com/news/international/2007/11/20/85194.htm http://www.insurancejournal.com/news/international/2007/11/20/85194.htm Tue, 27 Nov 2007 12:24:00 GMT A.M. Best Co. has affirmed the financial strength rating of 'A-' (Excellent) and the issuer credit rating of "a-" of Bermuda-based Fortis Insurance Company (Asia) Limited (FICA) with a stable outlook.. http://www.insurancejournal.com/news/international/2007/11/26/85233.htm http://www.insurancejournal.com/news/international/2007/11/26/85233.htm Tue, 27 Nov 2007 12:24:00 GMT London-based RI3K, the electronic trading service, which handles many of Lloyd's transactions, announced that it has simplified its pricing tariff. http://www.dna-insurance.com/recommend-a-friend.html http://www.dna-insurance.com/recommend-a-friend.html Tue, 27 Nov 2007 12:24:00 GMT Insurance scheme by DNA http://www.insurancejournal.com/news/international/2007/11/26/85232.htm http://www.insurancejournal.com/news/international/2007/11/26/85232.htm Tue, 27 Nov 2007 12:09:00 GMT Insurance usually concerns itself with large things such as hurricanes, earthquakes and typhoons... not anymore... http://www.london-se1.co.uk/news/view/2961 http://www.london-se1.co.uk/news/view/2961 Mon, 26 Nov 2007 15:11:00 GMT Dozens of London taxis converged on the London Development Agency's Blackfriars Road HQ on Wednesday lunchtime to protest against a new scheme some cab drivers claim is "racist"... http://www.whatcar.com/news-special-report.aspx?NA=220097 http://www.whatcar.com/news-special-report.aspx?NA=220097 Fri, 23 Nov 2007 16:33:00 GMT Young driver - If you're young and have only just torn up your L-plates, congratulations. A word of warning, though: one in five newly qualified drivers has an accident in their first year behind the wheel, and insurance costs are high... http://www.justpassedtest.co.uk http://www.justpassedtest.co.uk Fri, 23 Nov 2007 16:33:00 GMT "Just Passed Test" specialises in young and new driver insurance with the promise of a high quality, quick and effective service. Our core products lie in the area of young and new driver car insurance... http://www.insurancejournal.com/news/international/2007/11/22/85231.htm http://www.insurancejournal.com/news/international/2007/11/22/85231.htm Fri, 23 Nov 2007 16:32:00 GMT A.M. Best Co. has launched "Best's Structured Finance Center," which it describes as a "web Portal where visitors can view the rating agency's activities in the insurance-linked securities market and... http://www.insurancejournal.com/news/international/2007/11/22/85230.htm http://www.insurancejournal.com/news/international/2007/11/22/85230.htm Fri, 23 Nov 2007 16:24:00 GMT A new survey from Willis Group Holdings has found that "premiums across all financial, executive and professional lines of insurance are decreasing to the levels seen in 1999 and 2000 - the low point... http://news.bbc.co.uk/sport1/hi/football/internationals/7100393.stm http://news.bbc.co.uk/sport1/hi/football/internationals/7100393.stm Thu, 22 Nov 2007 14:38:00 GMT Steve McClaren has been sacked as England coach following his side's failure to qualify for Euro 2008... http://www.insurancejournal.com/news/national/2007/11/21/85227.htm http://www.insurancejournal.com/news/national/2007/11/21/85227.htm Thu, 22 Nov 2007 13:50:00 GMT Fitch Ratings has affirmed the 'AA-' Issuer Default Rating (IDR) and 'A+' senior debt ratings of The Progressive Corporation, as well as the 'AA+' Insurer Financial Strength (IFS) rating... http://www.insurancejournal.com/news/international/2007/11/21/85213.htm http://www.insurancejournal.com/news/international/2007/11/21/85213.htm Thu, 22 Nov 2007 13:55:00 GMT Willis Group Holdings has appointed Eugenio Paschoal CEO of the Latin American region in a move the broker described as "reinforcing" the importance of the region for its international network, and as... http://www.insurancejournal.com/news/international/2007/11/21/85225.htm http://www.insurancejournal.com/news/international/2007/11/21/85225.htm Thu, 22 Nov 2007 13:57:00 GMT Bermuda-based Montpelier Re Holdings Ltd. announced that as part of the Company's succession plan the Board of Directors has approved the entry into a new Service Agreement between the Company and Chairman and CEO Anthony Taylor... http://www.insurancejournal.com/news/international/2007/11/21/85214.htm http://www.insurancejournal.com/news/international/2007/11/21/85214.htm Thu, 22 Nov 2007 13:59:00 GMT Industrial countries that pledged to cut their carbon emissions under the Kyoto Protocol will easily meet their targets by 2012, the U.N. climate secretariat said Tuesday... http://www.insurancejournal.com/news/international/2007/11/21/85213.htm http://www.insurancejournal.com/news/international/2007/11/21/85213.htm Thu, 22 Nov 2007 14:04:00 GMT A.M. Best Co. announced that it has placed the financial strength rating of 'A+' (Superior) and the issuer credit ratings of "aa" of Swiss Reinsurance Co...