Insurance industry in the markets of South East Europe remains very fragmented and with numerous limitations to free flow of capital. However, it is bound to continue its astonishing development and is regarded to be one of the most important future markets for European companies. Insurance premium
growth rates, already double-double digit figures in most [...]

Please replace the release dated November 14, 2008 with the following corrected version due to multiple revisions.
A.M. Best Co. has placed the financial strength rating of A- (Excellent) and issuer credit rating of “a-”of Exporters Insurance Company (Europe) Limited (Exporters Europe) (United Kingdom) under review with negative implications. A.M. Best also has affirmed the ratings.
The [...]

Duck Creek Technologies, Inc. a leading provider of software and service solutions for the insurance industry, today announced that United America Indemnity Group, Inc. (”United America”) has implemented Duck Creek’s Policy Administration solution for a number of its Commercial ISO lines products. The PA-based carrier went live within six months with a custom Vacant Property [...]

AXIS Capital Holdings Limited announced that the Company’s Board of Directors has appointed Thomas C. Ramey and Wilhelm Zeller to its Board as independent directors. Both will serve as Class II Directors.
Michael Butt, Chairman of AXIS Capital, said: “We are delighted to welcome Thomas C. Ramey and Wilhelm Zeller to AXIS Capital’s Board of Directors. [...]

BWise, a global leader for governance, risk and compliance (GRC) software solutions and Tauw Group, engineers and consultants specializing in the improvement and management of the natural environment, built-up environment and infrastructure, announced today their partnership to bring joint services to the market. By joining forces, Tauw Group and BWise can help organizations realize better [...]

Zurich North America Commercial’s Accident & Health (A&H) group and Presidio Reinsurance Group announced today their formation of a strategic relationship to provide a broad range of risk-relief programs to the health care market.
As industry leaders with a long-term commitment to the accident and health industry, Zurich and Presidio will leverage their extensive portfolio of [...]

Allied World Assurance Company Holdings, Ltd announced through its U.S.-based Darwin subsidiary, a new program with Jardine Lloyd Thompson (JLT) Facilities, Inc. in conjunction with the rollout of Darwin’s nationwide standard market Lawyers Professional Liability (LPL) product. JLT will be underwriting on behalf of Darwin on an admitted basis in New York, New Jersey, Illinois, [...]

ET Solar Group Corp. a Nanjing-based solar farm EPC provider and integrated manufacturer of photovoltaic (”PV”) products including ingots, wafers, modules, and state-of-the-art dual-axis tracking systems, announced immediate provision of product liability insurance coverage for its PV module customers worldwide.
Arranged by Aon, world’s top insurance brokerage firm headquartered in New York, the cover is provided [...]

the New York Stock Exchange erroneously posted on nyse.com a notice of suspension and delisting for American International Group, Inc. (AIG). AIG is not subject to suspension and delisting, and was not responsible for the error. The post was removed upon discovery. The
NYSE Euronext (NYX) is a leading global operator of financial markets and [...]

The ongoing recession is taking a toll on the U.S. workers’ compensation industry, but that bane is not without a boon as well. Job cuts, particularly in construction and manufacturing, are putting downward pressure on revenue from written premiums. “It’s certainly clear that the premium base will be declining,” Harry Shuford, chief economist for the [...]