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Andrew Boron Named Permanent Illinois Insurance Director: Illinois Gov. Pat Quinn has tapped Andrew Boron to serve as a permanent successor to former Illinois Insurance Director Michael McRaith, after months of temporary replacements filling in after McRaith stepped down last year. ...
Date: January 27, 2012 Source: BestWire News
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Alterra CEO Says Hard Market 'Has Not Yet Materialized': While many had predicted that catastrophe losses of $50 billion or more would be enough to turn the market, rates have not hardened despite insured cat losses of $100 billion in 2011, said the top officer of Alterra Capital H...
Date: January 27, 2012 Source: BestWire News
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A.M. Best Downgrades Ratings of Peachtree Casualty Insurance Company: A.M. Best Co. has downgraded the financial strength rating to B (Fair) from B++ (Good) and issuer credit rating to “bb” from “bbb” of Peachtree Casualty Insurance Company (Peachtree) (Longwood, FL). The outlook for both ratin...
Date: January 27, 2012 Source: BestWire News
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Nationwide Answers Critics of Proposed Deal With Harleysville Mutual: Nationwide has weighed in on accusations by Liberty Mutual that Nationwide's proposed merger with Harleysville Mutual would unfairly benefit Harleysville Group shareholders at the expense of Harleysville Mutual policyholders....
Date: January 27, 2012 Source: BestWire News
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A.M. Best Comments on the Ratings of Greenlight Reinsurance, Ltd.: A.M. Best Co. has commented that the financial strength rating of A (Excellent) and issuer credit rating of “a” of Greenlight Reinsurance, Ltd. (Greenlight Re) (Cayman Islands) are unchanged following the Financial Services A...
Date: January 27, 2012 Source: BestWire News
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Reshaping the Reinsurance Market as the Thailand Floods Recede: The Thailand flood waters have receded, leaving billions of dollars in insured losses and an altered landscape punished by the deluge. The post-flood insurance and reinsurance market in Thailand and the region will also be a ...
Date: January 27, 2012 Source: BestWire News
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Japan's NKSJ Expects Bigger Net Loss on Thailand Flood Impact: High loss expectations from the recent severe floods in Thailand forced Japanese insurance group NKSJ Holdings to sharply increase its net loss estimate for the current fiscal year.
NKSJ now says it is forecasting a ...
Date: January 27, 2012 Source: BestWire News
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European Commission Refutes Speculation on Solvency II Delay: The European Commission said a recent postponement of a key parliamentary vote on Solvency II does not pose a threat to the current time line for implementation of the insurer solvency directive.
Chantal Hughes, a sp...
Date: January 27, 2012 Source: BestWire News
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