Menlo Park, Calif.-based Argonaut Group Inc. announced a consolidated net loss of $83.3 million ($3.77 per diluted common share) on total revenue of $209.9 million for the 12 months ended Dec. 31, 2000, compared with a consolidated net loss of …
InsureTrade.com has promoted Rick Brown to chief operating officer. Brown was hired last year as InsureTrade’s senior vice president of Technology, bringing more than 25 years of experience in software development and technical operations. Brown previously served as OhGolly.com’s vice …
Cincinnati Financial Corp. has raised its quarterly dividend by 10.5 percent despite reporting a fourth-quarter operating loss twice as big as expected after setting aside $110 million to cover claims from customers hit by uninsured drivers. The company said the …
The National Auto Agents Alliance has elected James W. Holthaus of Denver as its new president, replacing Jack Ellis of Houston. Holthaus, one of the co-founders of the NAAA, has been an agency owner since 1978 and owns personal lines …
AIG announced that it was expanding its working relationship with Kroll Associates, the international security firm, and that its Private Client group would offer the firm’s “personal security services to high net worth individuals and their families.” Kroll works closely …
Chubb Corp. announced that it is “considering its options regarding its 27 per cent holding of Hiscox shares,” following the Lloyd’s insurer’s decision to terminate discussions with Chubb to acquire its remaining shares. Hiscox pulled out of the talks last …
Internet provider eREINSURE.com announced the launch of a new reinsurance platform “designed to provide buyer, seller and brokers in the global reinsurance marketplace with a neutral platform for conducting reinsurance business.” The company, a privately held venture also backed by …
Charitable nonprofit organizations will soon have access to a new risk retention group called Alliance of Nonprofits for Insurance Risk Retention Group. The alliance was recently licensed in Vermont and offers charitable nonprofit groups up to $1 million in primary …
New York Superintendent of Insurance Neil D. Levin has issued guidance to the industry concerning the application of the New York Insurance Law to insurance advertisements, referrals, and solicitations on the Internet. The Superintendent also encouraged New York’s insurance consumers …
Hilb, Rogal and Hamilton Co. has acquired a Maine agency. Terms of the deal were not disclosed. HRH purchased The Dunlap Corp. based in Auburn, Maine, which operates four offices in Maine and New Hampshire. Founded in 1869, Dunlap employs …
