United Heartland Insurance Names Cooper President
Steve Cooper has been appointed president of United Heartland, a national workers’ compensation insurer based in New Berlin, Wis., and a subsidiary of
Validus Prices Debt Offering; S&P Rates Issue ‘BBB-’; Affirms Ratings
Validus Holdings announced that it has priced a registered offering of $250 million aggregate principal amount of 8.875 percent Senior Notes due 2040. They are to be sold to the public at a “price …
Willis North America Appoints Swift as Chief Placement Officer
Willis North America (WNA), a unit of Willis Group Holdings (NYSE:WSH), named Alastair Swift to its senior management team as chief placement officer, effective immediately. Swift will report to …
S&P Comments on RenRe’s Management Changes; No Rating Change
Standard & Poor's Ratings Services has stated that its ratings on Bermuda-based RenaissanceRe Holdings Ltd. (currently 'A' with a stable outlook) and related entities are not affected by the …
Denton to Lead Argo Group’s U.S. Specialty Property Initiative
Argo Group International Holdings Ltd.
Willis Completes Change in Country of Incorporation to Ireland
Willis Group Holdings announced that its reorganization has been completed and the new parent company of the Willis Group – known as Willis Group Holdings Public Limited Company …
Peiso Named CFO at United Insurance Holdings
Florida-based insurer United Insurance Holdings Corp.
S&P Raises Platinum Holdings Ratings to ‘BBB+’; Insurance Subs Rated ‘A’
Standard & Poor's Ratings Services has raised its counterparty credit rating on Platinum Underwriting Holdings Ltd.
FSA, Lloyd’s Approve Montpelier Re’s Paladin Agency as Coverholder
Bermuda-based Montpelier Re Holdings Ltd.
New York Officials Sue Workers’ Compensation Trust Manager CRM
Insurance administrator CRM Holdings is being sued for $405 million by New York’s workers compensation board and faces a separate $150 million lawsuit by the state attorney general over its …
Best Sees No Ratings Change from Torus, Sideris Re Merger
A.M.
Willis Chairman Asserts Risks Have Changed
Joe Plumeri, Chairman and CEO of Willis Group Holdings Limited, the global insurance broker, today called on corporate leaders to recognize and address the risks facing business at the start of a …
Willis Appoints Housh to Head Minnesota Operations
Global insurance broker Willis Group Holdings has named Scot A. Housh president and CEO of Willis’ Minnesota operations, effective immediately
PartnerRe Completes PARIS RE Acquisition
Bermuda-based PartnerRe Ltd.
Willis’ Plumeri to Be Honored at New York Charity Event
The
Willis North America Names Joost as National Partner in New York
Global insurance broker Willis Group Holdings has appointed Eric Joost as national partner, North American Specialties.
Argo Group Appoints Tees and Reeves to Finance Team
The Bermuda-based Argo Group International Holdings, Ltd., the successor to Texas insurer Argonaut, announced the appointment of N. James Tees as chief accounting officer and treasurer, and Rip …
Willis Appoints New Netherlands CEO
Willis Europe BV, a division of Willis Group Holdings Limited, announced the appointment of Niek Post as Chief Executive Officer of its Dutch operations, effective immediately.
Willis Names Ealy National Partner for Midwest Region
Insurance broker Willis Group Holdings has appointed Thomas V.
AAU Rolls Out New Grocery Store Program
AAU Comp, a subsidiary of USG Holdings, has introduced a new Grocery Store Program. This program is designed for the retail industry and will be based out of AAU's new location in El Segundo, …
Willis Re in Global Reorganization
Willis Re, the reinsurance arm of global insurance broker Willis Group Holdings Limited, has announced a series of management changes and a new organizational structure “designed to respond to the …
Taylor Moves to Non-Executive Chairman of Montpelier Re Holdings
Bermuda-based Montpelier Re Holdings Ltd. announced that Anthony Taylor will continue to serve as Chairman of the Board of Directors of the Company in a Non-Executive capacity effective January 1 …
Sears to Pay Record $6.2 Million to Settle Employment Bias Case
Sears Holdings Corp. agreed to pay a record $6.2 million to settle a lawsuit by the U.S.
PartnerRe to Pursue Acquisition of the Remainder of PARIS RE Shares
Bermuda-based PartnerRe Ltd. announced that it has entered into definitive agreements amending the acquisition structure of PARIS RE Holdings Limited (Euronext:PRI), the French-listed, Swiss-based …
Ratings Recap: Fairfax (debt), Swiss Re (notes), Rembrandt,
Standard & Poor's Ratings Services has assigned its preliminary 'BBB-' senior unsecured debt, 'BB+' subordinated unsecured debt, and 'BB' preferred shares ratings on Fairfax Financial Holdings …
Hawaii Group Buys Hurricane Insurer Zephyr from Kingsway
Toronto-based Kingsway Financial Services Inc. has agreed to sell Zephyr Insurance Co., Inc. to Zephyr Acquisition Co., an acquisition vehicle of Ocean Harbor Holding Inc.
Willis HRH Appoints Richardson in Colorado
Willis HRH, the North American retail business of global insurance broker Willis Group Holdings, has named Jason M. Richardson as managing partner of its Colorado operations
Ratings Recap: IPC Re, Polish Re, Tunis Re
Standard & Poor's Ratings Services has lowered its counterparty credit rating on Bermuda-based IPC Holdings Ltd. to 'BBB-' from 'BBB' and removed it from CreditWatch, where it was placed on June …
Validus Completes IPC Acquisition
Bermuda-based Validus Holdings, Ltd. announced that it has completed its acquisition of IPC Holdings, Ltd., which Validus said, creates, “a leading carrier in the Bermuda short-tail reinsurance …
Fairfax Financial Purchases 15% of China’s Alltrust Insurance
Canada's Fairfax Financial Holdings Limited has purchased of a 15 percent interest in Alltrust Insurance Company of China for approximately US$66 million, subject to final approval by the Chinese …