Latest Assurance Headlines

All the headlines from our Assurance Topic Page, ordered by recency.

MagMutual to Acquire South Carolina Physician Assurance

Feb 19 2013 // Regional medical malpractice insurer MagMutual Insurance Co. said it has reached a deal to acquire the South Carolina Physician Assurance Co., another provider of medical malpractice insurance. South Carolina Physician...

Smith Promoted to President, Employee Benefits, at Assurance

Jan 28 2013 // Liz Smith has been promoted to president, employee benefits, at Assurance headquartered in the northwestern suburbs of Chicago, Ill. Her former title was executive vice president, employee benefits.Smith is a member of...

People – Midwest

Jan 28 2013 // Steven Handmaker has been promoted to chief marketing officer at Assurance, a Chicago-area independent insurance brokerage. He previously was executive vice president, marketing and communications at Assurance.Handmaker...

Handmaker Promoted to Chief Marketing Officer at Assurance

Jan 18 2013 // Steven Handmaker has been promoted to chief marketing officer at Assurance, an independent insurance brokerage headquartered in the northwestern suburbs of Chicago. His former title was executive vice president, marketing...

Ratings Roundup: New India Assurance, South China Insurance

Jan 18 2013 // A.M. Best Asia-Pacific Limited has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of The New India Assurance Company Limited, both with stable outlooks....

Ratings Recap: ASSA/Lion Re, Local Tapiola, Liffey Re, Del Istmo, QBE Del Istmo

Jan 11 2013 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a” of Panama City-based ASSA Compania de Seguros, S.A. (ASSA), as well as the FSR...

Best Affirms Allied World and Subs Ratings; FSR Outlook Stable; ICR Positive

Nov 16 2012 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent and the issuer credit ratings (ICR) of “a” of Allied World Assurance Company, Ltd and its operating affiliates. The...

BDO USA Hires Assurance Partner for Insurance Clients in New York

Sep 13 2012 // Financial services firm BDO USA, LLP appointed John Green as assurance partner in the Metro New York insurance industry practice.John GreenIn his new role, Green will be responsible for business development and overseeing...

Lev Joins Property and Casualty Team at Assurance as Vice President

Jul 26 2012 // Illinois-based insurance brokerage, Assurance, has added Avi Lev to its growing property/casualty insurance team as a vice president. Lev brings over five years of experience in the insurance industry with a special focus...

FEMA Backing Away From Vermont Funding Assurance

Jul 23 2012 // A top state official stunned lawmakers last Friday with the announcement that the Federal Emergency Management Agency apparently was backing away from funding assurances to help replace the Vermont State Hospital and...

Ratings Recap: Iron Horse, Imperial Fire, Plymouth Rock, Bunker Hill

Jun 25 2012 // A.M. Best Co has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a+” of Vermont-based Iron Horse Insurance Company, both with stable outlooks. The ratings...

Darlene Stevens Joins NARS as Director of Quality Assurance and Claims Operations

Jun 6 2012 // Altamonte Springs, FL, 06/06/12 —North American Risk Services (NARS) has appointed Darlene Stevens to the newly created role of Director of Quality Assurance and Claims Operations.Darlene’s background is in claims...

Allied World Assurance Company Opens Philadelphia Office

May 22 2012 // Allied World Assurance Company Holdings announced the opening of Allied World U.S.’s new office in Philadelphia.The company also said Mike Sobel, vice president, has been appointed Philadelphia branch manager and...

South Central Business Moves

Feb 20 2012 // TDECU Insurance Agency LLC has acquired two independent insurance agencies: Assurance Insurance Agency Inc. (Assurance) based in Bellville, Texas, and Burridge Insurance Agency Inc. (Burridge) based in Angleton,...

TDECU, Assurance Insurance, Burridge Insurance

Feb 20 2012 //

Accused Indiana Nose Doctor Sues Alabama Insurance Company

Jan 13 2012 // A former nose surgeon from northwestern Indiana accused of billing insurers and patients for procedures he didn’t perform is suing his malpractice insurance company, claiming it failed to properly defend him in...

Best Revises Allied World, Affiliates ICR Outlook to Positive; Affirms Ratings

Oct 26 2011 // A.M. Best Co. has revised the outlook to positive from stable and affirmed the issuer credit ratings (ICR) of “a” of Allied World Assurance Company, Ltd and its operating affiliates. Best also affirmed the...

Ark Assurance Joins SPMP Group of Agencies

Oct 4 2011 // Ark Assurance Group in Tyler, Texas, has joined SBMP Inc. Ark Assurance was established in 1977 and is owned by Criss Sudduth and John Hinsley Jr. SBMP is a group of agencies based in Texas and currently has 30 locations...

S&P Assigns ‘A’ Rating to Allied World’s Swiss Sub; Outlook Positive

Sep 1 2011 // Standard & Poor’s Ratings Services has assigned its ‘A’ financial strength rating to Allied World Assurance Co. AG (AW Switzerland), a newly formed operating subsidiary of Bermuda-based operating...

Ratings Roundup: AMEX Assurance, SeaBright

Aug 24 2011 // A.M. Best Co. has upgraded the issuer credit rating to “a+” from “a” and affirmed the financial strength rating of ‘A’ (Excellent) of AMEX Assurance Company, a wholly owned subsidiary of...