Internet insurance provider goapply.com has named Jim Brakke chairman of the board. Brakke is president of Laguna Niguel-based Brakke-Schafnitz, Orange County’s largest homeowner and auto insurance agency with 65 employees and over $100 million in premium volume. He was initially …
Large investors, angry over the plunging value of Conseco shares, are calling for Chairman Stephen Hilbert’s resignation. Over the last two years, Conseco’s stock price has fallen more than 80 percent, down from a peak of $57.75 to a Tuesday …
Metropolitan Life Insurance Company has set its sights on being a major manufacturer and distributor of financial services products sold through other financial institutions and independent intermediaries. To prepare the way, MetLife announced the hiring of two well-known executives in …
Clarendon Insurance Group has signed a definitive agreement to purchase Redland Insurance Co. from Acceptance Insurance Companies Inc., inking a deal that was announced in late January. The purchase will be made with cash and Acceptance will retain all Redland …
Protegrity Services Inc., formerly Humana Workers’ Compensation Services, has successfully completed its sale by Humana Inc. through a management buyout. The sale was originally announced Feb. 3. Protegrity is now headquartered in Longwood, Fla. Gene Roberts, retained as the new …
U.S. property and casualty insurers will pay $1.71 billion to homeowners and businesses for insured property losses from seven catastrophic events in the first quarter of this year, according to initial estimates from Insurance Services Office Inc.’s Property Claim Services …
The coverage offers developing countries, who issue debt securities, the possibility to acquire insurance coverage to protect “against currency inconvertibility and currency nontransfer risks in the country of the issuer.” This in turn means the securities will be more highly …
Transamerica Reinsurance, subsidiary of Transamerica Corp. and its parent Dutch insurer, AEGON, announced the opening of a liaison office in the South Korean capital, Seoul, which will handle life, annuity, accident and health products. “The liaison office will provide risk …
Ireland’s IONA Technologies announced that its Enterprise Portal Company “has signed a multi-million dollar, multi year contract with Winterhur Versicherungen, the Swiss-based global insurance company, to build a web-to-host claims reporting and processing system. The e-business solution is based on …
Following the latest failure to reach agreement with his Chinese counterparts, Chief EU negotiator, Pascal Lamy, returned to Brussels for consultations with EU officials. He is reportedly seeking a broader mandate for future talks. “It’s a question of my negotiating …
