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Insurance
AM Best has announced that the financial strength rating (FSR) of A+ (Superior) of Zurich Insurance and its rated affiliates are unchanged following the announcement that Zurich American Insurance Company (ZAIC), Zurich’S US non-life subsidiary, will acquire 100 percent of Rural Community Insurance Agency (RCIA) and its wholly owned subsidiary, Rural Community Insurance Company (RCIC), together known as Rural Community Insurance Services (RCIS). 23 December 2015
Insurance
Insurer ACE has revealed the leadership team it intends to appoint for the Boston region of the company’s North America field organisation. The appointments will take effect upon completion of the acquisition of Chubb, which is expected in the first quarter of 2016. 22 December 2015
Insurance
NexAssure Management, a third party administrator, has appointed Brian Ong as the operations director in Malaysia. 22 December 2015
Insurance
Zurich Insurance Group has announced that its board of directors has proposed to its shareholders to elect Jeffrey Hayman and David Nish to the board for a term of office of one year each. 22 December 2015
Insurance
The North American aviation business of property/casualty insurer XL Catlin has increased its aircraft hull and liability limits by 50 percent. 22 December 2015
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Pardus, the London-based independent managing general agent (MGA), has launched an accident and health (A&H) division. 21 December 2015
Insurance
Insurance law firm BLM has become the Association of British Insurers (ABI) first associate member. 21 December 2015
Insurance
Ashley Prebble, insurance partner at Clifford Chance, takes a look at how the Financial Conduct Authority is investigating big data and the possible risks to insurers of limits on innovation. 21 December 2015
Insurance
In the wake of Storm Desmond, insurers have already helped almost 1,500 families get into alternative accommodation and have so far made emergency payments totalling £2.6 million, according to the Association of British Insurers (ABI). 18 December 2015
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Liberty Mutual Insurance has appointed Susan Kostro as chief underwriting officer of its public entity division. 18 December 2015
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