North Carolina-based American Wholesale Insurance Group Inc., a company formed by the recent merger of Americana Financial Services, MTS Insurance Services LLC, New Century Global Inc., and Specialty Programs & Facilities Managers Inc., named Gregg Calestini as its new chief …
Texas-based Argonaut Group Inc., a specialty insurer, announced financial results for the three- and six-month periods ending June 30. In addition, the company’s board of directors declared a regular quarterly cash dividend of $0.15 per share payable Sept. 4 to …
Minnesota Commerce Commissioner Jim Bernstein has charged United American Insurance Company (UAIC) of Delaware with numerous alleged violations of insurance law pertaining to the sale and marketing of Medicare Supplement policies to hundreds of Minnesota seniors. UAIC and several of …
Indianapolis-based casualty insurer Baldwin & Lyons Inc. announced that its Board of Directors has declared the regular quarterly dividend of $.10 per share on the Company’s Class A and Class B Common Stock. The dividend will be payable Sept. 3, …
The Workers Compensation Fund (WCF) received a Best of Show award at the Insurance Marketing Communications Association (IMCA) Showcase Awards, the largest competition of its kind in the property and casualty insurance industry. “It’s a tremendous honor to be recognized …
American International Group, Inc. (AIG) announced that its subsidiary Risk Specialists Companies, Inc. has signed a letter of intent to combine the operations of Excess, Inc. with Medical Excess Insurance Services (MEIS). Headquartered in Costa Mesa, California, MEIS performs underwriting …
A.M. Best Co. has affirmed the financial strength rating of A++ (Superior) of Allianz AG Consolidated, Germany. At the same time, A.M. Best has downgraded Allianz’s debt ratings to “aa+” from “aaa.” The outlook is stable. The rating actions reflect …
For the first six months of the year French reinsurer SCOR registered a robust 16 percent rise in premium income at constant exchange rates. The company attributed the rise to improving non-life reinsurance rates and the group’s selective growth policy, …
PXRE Group Ltd. announced that Guy D. Hengesbaugh has joined the Company as president of the Company’s Bermuda reinsurance company, PXRE Reinsurance Ltd., and executive vice president of PXRE Group. In these roles, he will be in charge of underwriting …
Aon Corp. shares dropped 30 percent Aug. 7 after the broker posted lower-than- expected second-quarter results and announced the possible impact of its accounting talks with the Securities and Exchange Commission. The Chicago-based company also announced it was delaying the …
