Fireman’s Fund Insurance Company has been honored by the California Environmental Protection Agency with the Governor’s Environmental and Economic Leadership Award (GEELA) in the category of sustainable practices / facilities. This is California’s highest and most prestigious environmental honor. Fireman’s Fund will be recognized today at an awards ceremony in Sacramento.
The GEELA program recognizes individuals, [...]

First American Title Insurance Company announced that it will replace recorded mortgage documents, property tax information, recorded deeds and tax assessor maps at no charge for homeowners who lost their homes in the recent fires in Southern California.
“We recognize that California is not immune to natural disasters and we want to help those homeowners [...]

Aquiline Capital Partners LLC (“Aquiline”), a New York-based private equity firm investing in the financial services sector, today announced it has acquired Conning & Company (“Conning”), a leading global provider of expert solutions and services to the insurance market. The sale by Swiss Reinsurance Company Ltd. (“Swiss Re”), under undisclosed terms, will include Conning’s U.S. [...]

ACM Capital Partners, a national investment and advisory firm specializing in assisting middle-market companies in transition or distress, and Crestmark Bank, a nationally recognized provider of working capital solutions to small- and mid-sized businesses, today announced they have partnered to deliver a multi-million dollar asset-based loan for a struggling medical device company headquartered in California.
The [...]

A.M. Best Co. has upgraded the financial strength rating to B+ (Good) from B (Fair) and issuer credit rating to “bbb-” from “bb” of Springfield Insurance Company (Springfield) (Covina, CA). The outlook for both ratings is stable.
These rating actions reflect Springfield’s sustained operating earnings in recent years, improved capitalization, conservative underwriting strategy, as well as [...]

Guidewire Software®, a leading global provider of solutions to property/casualty (general) insurers, announced that Zurich Insurance Company (Zurich Japan), the third largest foreign general insurer in Japan, has selected Guidewire ClaimCenter® as its new end-to-end claims management solution. ClaimCenter is currently being implemented to process Zurich Japan’s auto claims, with plans to extend it [...]

Western property and casualty insurer, Capital Insurance Group (CIG), announced today it is partnering with The Protector Network a benefits provider of safety, security and risk-management tools and information — to give CIG policy clients an unprecedented reward program.
The purpose of the program is to provide CIG-insured households and businesses with ways to reduce [...]

A.M. Best Co. has affirmed the financial strength rating of B++ (Good) and upgraded the issuer credit rating to “bbb+” from “bbb” of Interglobal Insurance Company Limited (Interglobal) (UK). The outlook for both ratings is stable.
The rating actions reflect Interglobal’s improving business position, good prospective earnings and strong risk-adjusted capitalization.
In A.M. Best’s opinion, Interglobal has [...]

A.M. Best Co. has affirmed the financial strength rating (FSR) of A (Excellent) and the issuer credit rating (ICR) of “a+” of Mondial Assistance International AG (MAIAG) (formerly Elvia Reiseversicherungs-Gesellschaft AG) (Switzerland) and its subsidiary, the Jefferson Insurance Company (New York). The outlook for all ratings remains stable.
The ratings reflect MAIAG’s excellent business profile as [...]

In light of current economic conditions, a major catastrophe such as an earthquake in California would bring new misery to both US and international financiers, according to an analysis released today by Impact Forecasting LLC, a division of Aon Benfield, the world’s premier reinsurance intermediary and capital advisor.
The Annual Global Climate and Catastrophe Report: 2008 [...]