American International Underwriters (AIU), the international property-casualty insurance organization of American International Group, Inc. (AIG), has named Julio Portalatin president of its Accident & Health Division and Raymond Lee president of its Personal Lines Division. Portalatin was previously president of …
Markel Corporation promoted Paul Springman to executive vice president. In his new role, Springman will assist Anthony Markel, president, in overseeing corporate operations, including North American and International operations. Markel Corp. markets and underwrites specialty insurance products and programs to …
Allied Claim Services, Inc., a division of Warren-Hoffman & Associates, Inc., acquired DAS Business Services, Inc., an independent insurance adjustment firm. The company provides insurance companies with assistance in the investigation and adjustment of property and liability claims. Founded in …
ACE Asset Management, Inc., a subsidiary of ACE Ltd., added Donald Watson as Vice President Enterprise Risk Management. Watson will be based in New York and his principal focus will be on the identification and coordination of risk management across …
Alabama-based Vesta Insurance Group, a holding company for various insurance and financial service firms, announced its board of directors has declared a quarterly cash dividend of $0.025 per share for the period ending June 30, 2002. The dividend is payable …
Florida-based Vanguard Fire & Casualty Company appointed Richard Magsam to the position of controller. He is responsible for the day-to-day operations and financial reporting of the company’s accounting department. Magsam is a Certified Public Accountant with over 20 years of …
New Orleans-based McDermott International Inc. shares climbed Aug. 8 following the company’s announcement of a tentative agreement to assign the entire portion of its equity in the Babcock & Wilcox unit to trusts created for the benefit of all current …
The Celina Mutual Insurance Company and The National Mutual Insurance Company received ratings of A’ (Unsurpassed) from Ohio-based Demotech. The “A Prime” Financial Stability Rating indicates the two Celina Group companies balance sheets reflect excellent liquidity, an acceptable level of …
The International Association of Special Investigation Units (IASIU) will host the 17th Annual Insurance Fraud Training Conference Sept. 8-12 in Albuquerque, New Mexico. The event will feature 34 workshops covering anti-fraud topics such as the latest investigative techniques, investigating complex …
Seattle-based SAFECO declared a regular dividend of 18.5 cents per share on its common stock. The dividend is payable Oct. 28, 2002, to shareholders of record on Oct. 11, 2002.
