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S&P said it took the action following the close of Liberty Mutual's $6.2 billion acquisition of Safeco. The rating agency cited Liberty Mutual's "diminished financial flexibility, below-rating-level e
Bob Cornelius, Innovation Auto's vice [resident] of network strategy, said, "Not only does Gerber meet our high standards, but they have demonstrated that they are extremely easy to work with. This c
A spokesperson for Maurice Greenberg said yesterday that the former American International Group chief executive would not discuss his plans to sell some AIG stock holdings in the financially troubl
With AIG in the spotlight and sharks smelling blood in the water, the pressure is on to reassure nervous buyers that the troubled conglomerate's insurance carriers are sound, safe and secure, says NU
The company said the reinsurance applies to its real estate portfolio, as well as policies having limits of $250 million or greater, policies with home/foreign exposure, and the property sections of m
Participants in the virtual conference "Facing the Future of Insurance," sponsored by Tech Decisions and its sister publications Claims and National Underwriter P/C, were treated to a discussion of
While J. Smith Lanier stresses service to clients as the backbone of its success, the agency's support of community philanthropy is an equally important aspect of its mission to establish a stellar
Ravello Solutions, a provider of insurance software, has announced the release of Ravello Billing, which offers the insurance industry an end-to-end billing solution.Built on a flexible,
While J. Smith Lanier stresses service to clients as the backbone of its success, the agency's support of community philanthropy is an equally important aspect of its mission to establish a stellar
An AIG executive said recent changes in some competing companies' positions regarding writing excess policies over AIG primary policies, or co-surety policies with AIG, are not based on market realiti
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