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Timmons to Retire as President, CEO of Canal Insurance
Canal Insurance Co. President and Chief Executive Officer Charles M. Timmons Jr. said he is retiring from the company, started by his family in 1939.
Date: 11/18/2009
Source: Bestwire
Hong Kong Insurance Federation to Support Taxi Coverage Following May Liquidation
Following the provisional liquidation of Anglo Starlite Insurance Co. Ltd. in May 2009, the Hong Kong Federation of Insurers said the local insurance
Date: 11/18/2009
Source: Bestwire
Pennsylvania Regulators Want Kingsway to Unwind Lincoln General Transaction
The Pennsylvania Department of Insurance said it will take legal action against Kingsway Financial Services Inc. because the insurance company's recen
Date: 11/17/2009
Source: Bestwire
Summer Storms Dampen Intact's Third-Quarter Results
An "unusual" amount of summer storms led Intact Financial Corp. to its worst underwriting results since an ice storm in 1998, according to the company
Date: 11/13/2009
Source: Bestwire
Berkshire Hathaway Triples Third-Quarter Profit
Berkshire Hathaway Inc. said it tripled its third-quarter profit, to $3.24 billion from $1.06 billion during the same time a year ago. The ne
Date: 11/09/2009
Source: Bestwire
A.M. Best Affirms Ratings of Nissan Global Reinsurance, Ltd.
A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) and issuer credit rating of "a-" of Nissan Global Reinsurance, Lt
Date: 11/09/2009
Source: Press Release
In Wake of Rising Medical Costs, Insurers Welcome Ontario Auto Reforms
Automobile insurance reforms in Ontario are meant to strike a balance between consumers and insurers, protecting drivers while giving them choice and
Date: 11/09/2009
Source: Bestwire
After Third-Quarter Loss, RBS Restates Plan to Sell Insurance Arm
Royal Bank of Scotland Group plc, the government-controlled U.K. bank that reported a pretax loss of 2.1 billion pounds (2.34 billion euros) in the th
Date: 11/06/2009
Source: Bestwire
Kingsway CEO: Despite Loss, Company Has Reached a Turning Point in Transformation Plan
Kingsway Financial Services Inc. reported a net loss of $118.1 million for the third quarter of 2009, compared with a loss of $17.4 million for the sa
Date: 11/06/2009
Source: Bestwire
BestWeek Europe November 9, 2009 edition
The global reinsurance and insurance markets are facing a number of tough issues going into 2010, ranging from pricing and underwriting discipline to capital allocation and Solvency II, according to Victor Peignet, chief executive officer of French reinsurer Scor's global property/casualty segment. Peignet said the property/casualty reinsurance market has weathered the financial storm well in 2009, but underwriting concerns remain, and the market needs more leadership.
Date: 11/09/2009
Source: Bestweek
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