Kemper Insurance Companies’ Chairman and Chief Executive Officer David B. Mathis has named Frederick Kist as Kemper’s new chief actuary. Kist will be nominated for election as a senior vice president of Lumbermens Mutual Casualty Company, Kemper’s flagship company. Kist …
The industry is also beginning to look for opportunities to sell its products over the Internet, says Banc of America Securities analyst Robert Ryan. Zucker, Meredith, and Ryan made their comments at the 30th Annual Banc of America Securities Investment …
For Credit General, the arrangement provides access to additional surplus upon which to write new business, as well as the security of AmTrust’s surplus. Credit General has resumed writing new business, which it stopped doing in mid-September to prevent exceeding …
On Sept. 18, the Shepard brothers amended their hostile tender offer that was commenced by offering documents dated Aug. 31. In response to the amended offer, Norma J. Oman, President and Chief Executive Officer of MIGI is sending a letter …
The evaluation is expected to include a review of the local government’s loss control program and its management. It will also examine the entity’s automobile loss control, employment practices, law enforcement, jail or detention facilities, parks and recreation areas, as …
Insurance Federation Elects New Officer/Board Members Five insurance industry executives have been newly elected as members of the Board of Directors of the Insurance Federation of Minnesota at the IFM’s annual meeting in St. Paul. The new board members are: …
The U.S. Department of Agriculture and other federal agencies are investigating claims that farmers in Darke and other Ohio and Indiana counties are conspiring with insurance agents to defraud the federal crop insurance program according to a report by the …
A measure that will safeguard injured victims’ settlements was passed Wednesday by the Michigan Senate Financial Services Committee, making Michigan the latest state to consider a measure to ensure that injured victims are protected from companies seeking to buy injury …
Munich Re’s 1st half results seem to indicate that maybe reinsurance rates are finally firming. The world’s largest reinsurer posted a 15 percent increase in gross premium revenues for the period to €15.2 billion ($12.85 billion), exceeding analysts expectations. Growth …
Following yesterday’s announcement that Candover Investment Plc was pulling out of talks to acquire Reliance National Insurance Co. (Europe) Ltd., a subsidiary of U.S. insurer Reliance Group, Standard & Poor’s revised the Credit Watch placement on its “triple C” long-term …
