June 20, 2000
Jardine Lloyd Thompson Group plc, an international insurance organization, announced today that its U.S. offices have changed their names to JLT Services Corp. The name change affects Jardine Group Services Corporation; Flood Underwriters of the Southeast; Insurance Servicing and Adjusting …
June 20, 2000
The Kemper Insurance Companies has reached an agreement to acquire the renewal rights to a portion of Reliance National’s book of business. The book primarily consists of large risk casualty accounts and construction wrap-ups typically underwritten on sophisticated risk management …
June 20, 2000
Computer Sciences Corp. has agreed to buy Mynd, formerly Policy Management Systems Corp., for $568 million in an all-cash deal. The purchase is expected to enhance CSC’s ability to serve insurance and financial services clients. Computer Sciences, one of the …
June 20, 2000
Atlantic Mutual Insurance Companies’ web site, InsurePoint, has signed a licensing agreement with Niku Corp., a leading provider of Internet solutions for the sourcing, management and delivery of professional services. The agreement establishes InsurePoint as an endorsed business insurance vendor …
June 20, 2000
The opportunities for exponential growth and market branding within the e-commerce sector captured yet another top insurance industry executive. This time it is Richard K. Kerr, who has resigned his position as chairman and chief executive officer of Lambert Fenchurch …
June 20, 2000
EMind.com, a business-to-business e-learning provider has signed a deal with iPipeline.com to build an online education arm to iPipeline’s insurance portal. Under the terms of the deal, eMind.com will be the exclusive provider of online continuing education services to the …
June 20, 2000
South Carolina’s Liberty Corp. announced that it plans to sell its insurance units, which include Liberty Life Co. and Liberty Insurance Services Corp., to Toronto based Royal Bank of Canada for a reported $650 million. The move confirms Liberty’s intention …
June 20, 2000
Dutch insurer and financial services provider ING announced that it plans to sell its entire 6.6 percent stake in fellow Dutch insurer Aegon, parent of Transamerica Corp., in order to fund its purchase of Minnesota based life insurer, ReliaStar. ING …
June 20, 2000
In an apparent attempt to head off the consequences of a soon to be issued report 6 countries – Bermuda, the Cayman Islands, Cyprus, Malta, Mauritius and San Marino (a tiny enclave within Italy-not the city in California) – Have …
June 20, 2000
A revised lead paint bill incorporating several critical changes recommended by the insurance industry passed the Rhode Island Senate last week. The revised bill contains two critical changes from the original version. First, legislators clarified language dealing with the affidavit …