A.M. Best Asia-Pacific Limited has assigned a financial strength rating of A- and an issuer credit rating of “a-” to Bangkok Insurance Public Company Limited. Although BKI has suffered a sizable loss from the Thailand flooding in 2011, the company’s capital and surplus still rose in the last two years due to the strong performance of its investment portfolio.
Newswires
Selective Insurance Group, Inc., announced the promotion of John Bresney to senior vice president, Application Delivery Services of Selective Insurance Company of America. Neale joined Selective in April 2013. Prior to that, he served as executive vice president, Chief Claims Officer for Commercial Insurance for Liberty Mutual.
The Hanover Insurance Group announced it has entered into a national partnership with The Major League Baseball Players Alumni Association as well as local, independent agents across the country for the fifth consecutive year to sponsor the “Legends for Youth” baseball clinic series. “As we enter into our 31st year as an organization, we have hosted thousands…
May 14– St. Clair County Republican Party Chairman Jon McLean is stepping down as the party’s leader. Per the party’s bylaws, Vice Chairman Steve Amos will take over as party chairman. Amos is a 14- year veteran of the Air Force and graduated from Southern Illinois University-Edwardsville.
Aon Risk Solutions, the global risk management business of Aon plc, today released its 10th annual Terrorism and Political Violence Map to help companies assess risk levels of political violence and terrorism. Produced in collaboration with global risk management consultancy The Risk Advisory Group plc, the 2013 Map is complimented by an online and…
NEW YORK, May 14, 2013– AmTrust Financial Services, Inc. announced today that it has completed the acquisition of Mutual Insurers Holding Company and MIHC’s subsidiary, First Nonprofit Insurance Company. “We are proud to announce the acquisition of FNIC, a leading provider of insurance products and services to non-profit organizations,” said Barry Zyskind,…
PETALUMA, Calif., May 14, 2013/ PRNewswire/– Tangram Insurance Services, a Managing General Agency, recently announced that Rekha Skantharaja has been promoted to President of the Company. In 2009, Skantharaja assumed the position of Senior Vice President of Tangram Insurance Services, a Managing General Agent company. Skantharaja is a graduate of Boston…
May 14– CORBIN– By Jeff Noble, Staff Writer. With the exception of paying an additional 50 cents per month for $25,000 of life insurance, Corbin city employees won’t see a raise in their health care coverage. This year’s rate went up a half-dollar to $4.25 per month for $25,000 in coverage.
CHICAGO– Two area physicians and three health clinic co-owners are among seven defendants charged here with engaging in five separate, unrelated health care fraud schemes to defraud the Medicare program and/or private health insurers of millions of dollars, federal law enforcement officials announced today. Four of the five cases here are part of a…
On May 8, 2013 at a meeting of the Board of Directors of Unified Grocers, Inc., the Board approved the compensation terms for Robert M. Ling, Jr., the Company’s new President and Chief Executive Officer; a new Long-Term Incentive Plan for senior management; a new Supplemental Executive Retirement Plan for officers; and an Amended and Restated Split-Dollar…
Allsup has been honored with Dorland Health’ s Case in Point Platinum Award in the Disability Case Management Programs category. Allsup is a nationwide provider of Social Security Disability Insurance representation, veterans disability appeal and Medicare plan selection services. “We are so appreciative of this recognition,” said Karen Hercules-Doerr,…
Sirius International Group, Ltd., the Bermuda- based reinsurance unit of White Mountains Insurance Group, Ltd., today announced the formation of a dedicated team to lead its strategic initiative in the Insurance Linked Securities/ reinsurance capital markets convergence arena. The new initiative will be jointly led by Michael Halsband in New York and Deanne…
The following narrative analysis presents a review of the consolidated results of operations of ING Life Insurance and Annuity Company and its wholly owned subsidiaries for each of the three months ended March 31, 2013 and 2012 and financial condition as of March 31, 2013 and December 31, 2012. This item should be read in its entirety and in conjunction with…
F& M Bank Corp. incorporated in Virginia in 1983, is a one-bank holding company pursuant to section 3 of the Bank Holding Company Act of 1956, which provides financial services through its wholly-owned subsidiary Farmers& Merchants Bank. TEB Life Insurance Company and Farmers& Merchants Financial Services are wholly-owned subsidiaries of the Bank.
May 14– KNOB NOSTER– Missouri Press Association lawyer Jean Maneke said the Knob Noster School Board acted illegally by approving administrators’ salaries in a closed session last month. Executive session minutes stated board member Robin Krause moved and Catrina Coleman seconded to approve administrators pay for the 2013-14 school year.
May 14– The Port of Hueneme is preparing to pay 120 percent more for workers’ compensation insurance, Manager of Financial Services Andrew Palomares said Monday. The port currently pays about $260,000 annually to Tolman& Wiker Insurance in Ventura for its workers’ compensation brokerage services. Workers’ compensation is one issue being looked at as the Port of…
Residential Capital, LLC today announced that, on the one-year anniversary of the filing of its Chapter 11 bankruptcy cases, the estate entered into a comprehensive plan support agreement with Ally Financial Inc. and ResCap’s major creditors to support a Chapter 11 plan. Entry into this settlement, which is subject to Bankruptcy Court approval, represents a…
A special gift from Great American Insurance Group enabled Museum Center to bring this treasure to Cincinnati. “It is a privilege to support Cincinnati Museum Center in their extraordinary efforts to provide our community with this once-in-a-lifetime opportunity to witness one the most esteemed religious artifacts known to man,” said S. Craig Lindner,…
Sheila Burke, Susan Bayh and Dr. Lenox Baker Jr. are leaving the 11- member board for personal reasons, according to company filings with the U.S. Securities and Exchange Commision. Burke is a former executive dean of Harvard’s John F. Kennedy School of Government and was chief of staff to former U.S.
