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QBE North America Names Former ANV Exec New Chief Financial Officer
Strength Ratings of A- (Excellent) and A (Excellent). (By Caroline Saucer, editor, BestWeek: Caroline.Saucer@ambest.com)
Source: BestWire   Date: July 16, 2013
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W.R. Berkley's Midwest Employers Casualty Names New President
Galvin succeeds Melodee J. Saunders, who served as the company's president since 2001, the company said in a statement. Saunders will remain a member of the W. R. Berkley Corp. ...
Source: BestWire   Date: July 16, 2013
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Navigators Hires Former Aspen Executive as President of Specialty Company's Excess Casualty Unit
The Navigators Group Inc. said its principal underwriting agency subsidiary, Navigators Management Co. Inc., has named Timothy D. Ryan as president of the excess casualty unit of ...
Source: BestWire   Date: July 15, 2013
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BestWeek: Financial Impairments for US Life/Health Companies Stay at 50-Year Low
Financial impairments of U.S. life/health insurers stayed at their lowest level in 50 years in 2012, according to a Best's Special Report in the latest issue of BestWeek Americas. ...
Source: BestWire   Date: July 12, 2013
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BestWeek: Significant Drop in P/C Impairments, Though Auto Writers, Risk Retention Groups Continued to Struggle
Also in BestWeek Americas, data collected by A.M. Best shows that Origenes Seguros de Retiro S.A. became the largest insurance organization in Argentina in 2012. The provider of ...
Source: BestWire   Date: June 28, 2013
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Transcript: US Rep. Sherman Questions Role of Credit Default Swaps in House Financial Services Subcommittee Hearing
Congressman Brad Sherman, D-Calif., speaking at a recent House Financial Services Subcommittee hearing, said the management of the holding company of American International Group ...
Source: BestWire   Date: June 26, 2013
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Berkshire Hathaway Specialty Names Former Liberty Mutual Exec as a Senior Vice President
Eastwood said in a statement. "Not only has Ralph worked extensively with core insurance coverage and operational issues during his career, he has amassed substantial corporate ...
Source: BestWire   Date: June 24, 2013
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BestWeek: A.M. Best Views Regulatory Scrutiny, Transparency Surrounding Life Captives as Positive
Actuarial Guideline 38 "redundant reserve" requirements. Writers of universal life policies with secondary guarantees have continued to resort to internal reinsurance - to support ...
Source: BestWire   Date: June 21, 2013
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Transcript: House Financial Services Subcommittee Probes ComFrame, Future of Insurance Regulation and FIO Role
Services subcommittee on housing and insurance hearing held on June 13. Attendees, which included Federal Insurance Office Director Michael McRaith, detailed some of the specifics ...
Source: BestWire   Date: June 19, 2013
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BestWeek: Large Insurers Not Yet Flocking to Health Insurance Exchanges
Doniella Pliss, a senior financial analyst for A.M. Best, said one obstacle to convincing large insurers to join exchanges is that it's unclear whether increased membership will ...
Source: BestWire   Date: June 14, 2013
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Insurance Law: Professional Liability Cases Reflect New Economic Realities
Irwin Kramer: People make mistakes. We all do. To err is human. But when those people are professionals, when they are doctors, when they are lawyers, when they are engineers, ...
Source: BestWire   Date: June 10, 2013
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BestWeek: Despite Upside for Insurers, VA Buybacks May Put Broker-Dealers in a Tough Place
Turkey is having on the burgeoning insurance market there. Turkish policymakers have been hoping to promote the insurance and financial services industries in a country where these ...
Source: BestWire   Date: June 7, 2013
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BestWeek: Oklahoma Tornado Highlights Importance of Exposure Management
Briefing in the latest issue of BestWeek Americas. On the second day of the severe weather, an EF-5 tornado decimated the town of Moore, Okla. It followed a similar path to the ...
Source: BestWire   Date: May 31, 2013
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BestWeek: Latin America Sees Increase in Regulation to Support Insurance, Reinsurance Markets
Latin American countries. There also has been a marked increase in regulatory activity to support the insurance and reinsurance markets. In some instances, the focus is geared ...
Source: BestWire   Date: May 17, 2013
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BestWeek: AM Best: A Dozen Cat Bonds Pending or Issued in 2013; Market Appears on Pace With 2012
Arabian insurance market offers underwriters. Khalil Eid, general manager of QBE's Dubai branch, said in 2010 Saudi Arabia had total premiums of about $4.9 billion, putting it in ...
Source: BestWire   Date: May 10, 2013
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BestWeek: MPLI Writers Post Gains Despite Weak Low Interest Rates, Pressures on Price
Many challenges remain, A.M. Best said, including pricing pressures, looming upheavals in the delivery of health care, and rapid consolidation among medical providers and ...
Source: BestWire   Date: May 3, 2013
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BestWeek Americas: Emerging Markets, Terrorism and Cyber Liability Focuses of RIMS 2013
Africa and the Middle East. "And we're putting a lot of effort into defining our long-term strategy for the region at the moment." In both editions, an A.M. Best briefing on South ...
Source: BestWire   Date: April 26, 2013
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BestWeek Americas: Reinsurance Posts Underwriting Profit Despite Low Yield, Competition
Special Report in this week's BestWeek Americas. This is despite a deterioration in investment yields, as depressed interest rates have persisted longer than most market observers ...
Source: BestWire   Date: April 19, 2013
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Attorney: Madoff Case an Awakening for Retirement Plans
The case of Bernie Madoff, who operated the largest Ponzi scheme in U.S. history, has given retirement plans a wake-up call, Michael Salem, of the law firm of Nelsen, Thompson, ...
Source: BestWire   Date: April 9, 2013
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BestWeek: Medical Professional Liability Writers See Rates and Premiums Fall Along With Frequency
...Week Europe focuses on April reinsurance renewals. Though reinsurers bounced back from the 2011 catastrophes in Asia and the 2012 U.S. losses, capacity continues to flow into the ...
Source: BestWire   Date: April 5, 2013
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