Speaking before a group of investors at the 28th annual Chase H&Q Technology Conference in San Francisco, Quotesmith.com CEO and president Robert Bland said that the company expects 2000 revenue to grow by more than 100 percent to $18 million …
Insurance Services Office, Inc. has acquired 16 percent of NAM Corp., a leading global provider of web-enabled and in-person dispute resolution services, for $4 million. As part of the transaction, ISO will be issued 642,570 shares of common stock at …
The Insurance Regulatory Information Network has changed its name to the National Insurance Producer Registry to reflect the group’s accelerated effort to establish national producer licensing for the insurance industry. “State insurance regulators have been working to streamline licensing through …
Alleghany Corp. has completed the sale of its Underwriters Re Group property and casualty reinsurance and insurance businesses to Swiss Re American Holding Corp. As previously announced, Alleghany is retaining Underwriters Re Group’s London-based Lloyd’s operations to be conducted through …
Citibank, the banking unit of Citigroup, has received permission from Polish banking regulators to acquire up to a two thirds stake in Bank Handlowy, Poland’s largest corporate lender, and would have between 50 and 66 percent of the voting rights. …
David Gilchrist, Chairman of Lloyd’s vehicle Kiln Plc, which owns 46 percent of four Lloyd’s syndicates, told Reuters News Agency that despite 1999 losses of £6.7 million ($10.4 million) he “expects to move to a near breakeven position in 2000.” …
Eleven European countries, including Ireland, have adopted the euro as their currency. Although it is currently used only for financial transactions, it will become their only official currency, when notes and coins begin to circulate in January 2002, which is …
Joel S. Ario was named administrator of Oregon’s Insurance Division and Deputy Insurance Commissioner, effective May 1. Ario takes over the position from Nancy M. Ellison, who resigned in December. Ario will be under the leadership of Mary Neidig, State …
According to figures released by the Surplus Line Association of Arizona, written surplus line premium volume in the state totaled $106.9 million in 1999, compared with $90.2 million in 1998–an increase of 18.5 percent. The numbers show that Lloyd’s was …
CIGNA Group Insurance has aligned with Answer Financial, a privately owned developer of a financial services portal, to offer a 24-hour desktop insurance and financial services supermarket to company consumers nationwide. The alliance allows CIGNA Group and Answer Financial to …
