Clients will need to replace either Travelers or AIG, he said. He added that, up until Nov. 19, in order to allow for an orderly transition, "Travelers is prepared to absorb AIG's share of the co-sure
Brian Gray, chief underwriting officer of Swiss Re, offered the assessment of the market as the reinsurer announced its expected losses from Hurricanes Gustav and Ike. "The combination of this year's
Mr. Hughes will also become executive vice president, Agency Markets. Ms. Reynolds, who also held the positions of chairperson and chief executive officer of Safeco, will be leaving the organization a
The Center for Economic Justice (CEJ) has written a letter accusing the National Association of Insurance Commissioners (NAIC) of fostering a culture of lack of transparency and accountability to the
A.M. Best Co. has downgraded the financial strength rating (FSR) and issuer credit rating (ICR) of Lehman Re Limited for the second time in a week, due to the status of its parent company, Lehman Brot
An independent insurance agent association expressed concern that the troubles related to American International Group may create a false public perception that insurers have been engaging in the same
The suit charging bad faith against the Bloomington, Ill.-based insurer was dropped by the Biloxi, Miss., couple recently. State Farm told NU Online News Service that the dropped charges made up "the
Aon Consulting in Germany (Aon Jauch & H?bener) has appointed Marco Arteaga as CEO, effective April 1, 2009. He will take over the chair of the executive board of Aon Jauch & H?bener Consulting from A