Ohio Director of Insurance Lee Covington, acting in his capacity as liquidator of property and casualty insurer LMI Insurance Company, has sued LMI’s parent, Highlands Insurance Group and other affiliated companies and the directors and officers of LMI, Highlands, and …
Standard & Poor’s removed from CreditWatch and raised its counterparty credit and financial strength ratings on ING Comercial America Seguros S.A. de C.V. to single-‘A’-minus from triple-‘B’ “because of the Mexican insurer’s strategic importance to its ultimate parent, ING GROEP …
Kees J. Storm, who’s set to retire in July after 9 years as the CEO of the Netherlands insurance and financial services giant Aegon, N.V., told the annual meeting of shareholders that the company expected to at least equal 2001’s …
Bermuda’s Max Re Capital Ltd., the principal operating subsidiary of Max Re Ltd., announced that it expects to report lower than anticipated net income per share of $0.02 to $0.06 for the three months ended March 31, 2002. Analysts had …
Germany’s Allianz Group had an off year in 2001, along with most of the rest of the insurance industry. The company announced its definitive results yesterday, showing a net profit of €1.6 billion ($1.42 billion), a drop of more than …
New York’s Insurance Department Superintendent Gregory V. Serio continued his string of appointments (See IJ Website April 18) with the announcement that Joseph A. DeMauro CPCU, ARe, has been named to the post of Deputy Superintendent, effective immediately. He will …
Arthur J. Gallagher & Co. announced the acquisition of NiiS/Apex Group Holdings, Inc. headquartered in Salem, Massachusetts. Terms of the transaction were not disclosed. The bulletin noted that “NiiS/Apex provides claims management and auditing, actuarial and employee benefits consulting and …
California-based XDimensional Technologies, Inc. (XDTI), a software development firm and web services provider to the insurance industry, announced the completion of its Series B round of financing. The conclusion of this investment round allows XDimensional to bring its flagship product …
Irvine, Calif.-based SullivanCurtisMonroe Insurance Brokerage is offering a seminar on workers’ compensation cost containment training on Thursday, May 9. The event will focus on safety management and risk reduction and will include materials to assist in regulatory compliance. The seminar …
Three bills (AB 1808, 1809, 2611) geared toward helping employers with workers’ compensation have been introduced in the California Legislature, according to the San Francisco Chronicle. Written by Assemblyman Keith Richman, the bills follow legislation signed two months ago by …
