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I.I.I. Executive Vice President Cary Schneider said Mr. Clarke had contributed enormously to public understanding of complex insurance issues, and was an extremely important contributor to the Institu
Fitch said that after a review of the Armonk, N.Y.-based insurer's exposure to collateralized debt obligations (CDO) backed by subprime mortgage collateral, the rating service found the $30.6 billion
A group that combats auto insurance fraud said it has asked Toyota to pull television ads it feels encourage such crime, but the manufacturer says the commercials won't have that effect and it won't p
Joining forces to launch New Asset Class Management are James N. Stanard, former chief executive officer of Renaissance Re, and Rod Fox, former CEO of Praetorian. The operation will be wholly owned b
The acquisition of the New York-based firm, ACE said, includes substantially all of the assets of the personal lines business of the Atlantic Companies, including systems, distribution arrangements an
The acquisition of the New York-based firm, ACE said, includes substantially all of the assets of the personal lines business of the Atlantic Companies, including systems, distribution arrangements an
Standard & Poor's Rating Service took ratings action against six bond insurers affected by the subprime mortgage crisis, and Moody's announced that it placed subsidiaries of XL Insurance on review for
Aon Capital, the investment arm of Chicago-based insurance broker Aon Corp., explained it made a private placement of the $225 million catastrophe bond for Cayman Island-based Newton Re, a newly creat
Founded in 1994, Koster Insurance is an insurance and risk management agency that develops and administers student health, sports accident and special risk insurance programs for colleges, universitie
The firm said that benign weather, attractive pricing and favorable loss trends have allowed the p-c industry to post two years of record-setting underwriting profitability and "looks positioned for a
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