The News Review:
- AM Best Affirms Ratings of Hatherley Insurance Ltd.
- AM Best Assigns Ratings to Hyundai Insurance (China) Co., Ltd.
- Cover-All Technologies Promotes Senior Management
- Goldman To Pay $100 Million To Holders Of Defunct Insurance Co
- Alliant Insurance Services Announces Expansion of its Corporate …
- Fidelity National Insurance Signs Agreement to Offer SceneExchange …
AM Best Affirms Ratings of Hatherley Insurance Ltd.
MarketWatch
Best remains the leading rating agency of captive insurers rating a
wide variety of more than 200 captives in the United States and
throughout the world. For current Best’s Ratings and independent
data on the captive and alternative insurance market, please visit.
AM Best Assigns Ratings to Hyundai Insurance (China) Co., Ltd.
MarketWatch
Best believes that HIC is positioned to benefit from
the operational support of its parent, Hyundai Marine and Fire Insurance
Co. Ltd, with regard to management expertise and reinsurance. HIC was established in March 2007 and provides a wide range of insurance
products including commercial property, liability, engineering and
cargo. Recently, the company started underwriting motor business to
further diversify its premium sources and increase its competitiveness
in the China market. By leveraging the Hyundai brand name, HIC tapped
into the Korean customer base in China, which accounted for more than
95% of HIC’s premium in 2007.
Cover-All Technologies Promotes Senior Management
MarketWatch
, Nov 07, 2008 (BUSINESS WIRE) –
Cover-All Technologies Inc. (OTC Bulletin Board: COVR. OB), a leading
provider of comprehensive business solutions for the property and
casualty insurance industry, announced today that Manish D. Shah has
been promoted from Executive Vice President and Chief Technology Officer
of the Company to President and Chief Technology Officer, effective as
of November 7, 2008. In addition to his promotion to President, Mr. Shah
has also been elected as a member of the Company’s
Board of Directors, effective as of November 5, 2008, by the Board.
Goldman To Pay $100 Million To Holders Of Defunct Insurance Co
CNNMoney.com
(GS) will pay $100. 5 millionto former policyholders of defunct insurance company General American LifeInsurance in a settlement. The agreement was finalized in Jefferson City, Mo. , on Thursday, an attorneyrepresenting the policyholders said.
Alliant Insurance Services Announces Expansion of its Corporate …
MarketWatch
Both Murray and Podolsky are well-known executive risk management
specialists whose client base has historically included a variety of
large and mid-size public and private organizations as well as financial
institutions. Their specialties include directors and officers
liability, bankers professional liability, employment practices
liability, fiduciary liability, crime, and other professional liability
products and exposures. Each has been widely quoted and published on
these product lines in national business and insurance industry
publications. “Alliant’s specialty market focus and
client-centric philosophy directly correlate with our efforts and
long-time commitment to meeting the needs of the executive risk
industry,” said Murray. Added Podolsky, “Alliant gives us the right platform to provide superior
brokerage service, claims advocacy, and technical advice. Both Susanne
and I are excited about joining Alliant and expanding its services in
this area. ”
Other members of the risk management team joining Alliant include Kamy
Vacca and Janet Dreifuss, Esq.
Fidelity National Insurance Signs Agreement to Offer SceneExchange …
MarketWatch
-based Fidelity National is a nationwide provider of personal
insurance. “We’re looking forward to realizing SceneExchange’s savings and
service advantages,” said Larry Brungardt, Fidelity National senior
claims manager. Fidelity National claims representatives give customers the option to
use SceneExchange. If the customer chooses it, an independent
appraiser will promptly inspect the damaged vehicle and upload the
estimate and digital photographs to SceneExchange. SceneExchange then alerts participating local body shops, which view
the appraisal and compete for the business based on turnaround time
and service.
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