California-based ePolicy Solutions, Inc. has licensed RightRisk(SM) to affiliates of Arch Capital Group Ltd. to provide the core technology for its underwriters, brokers and customers to rate, quote, bind, issue, endorse, cancel and renew its specialty and commercial property and …
AXA announced that French Regulatory Authorities (the “COB”) had given the company the green light to issue up to 35 million new shares to more than 100,000 employees in 29 countries. The shares will be priced at 80 percent of …
South Korea’s property/casualty insurers have estimated that they will pay 156.3 billion won (around $130 million) in claims for damages caused by typhoon Rusa, which struck the country last week (See IJ Website Sept. 2) The storm, one of the …
Bermuda-based Allied World Assurance Company (AWAC) announced that Scott Carmilani has been named to the position of Senior Underwriting Officer and that Leon L. Bascome has been appointed to the position of Assistant VP, General Casualty. Commenting on Carmilani’s appointment …
Thunderstorms of unprecedented intensity struck Southern France Sunday night and Monday, causing widespread flooding and knocking out road and rail transportation throughout the region. 16 people were killed as a direct result of the deluge, and another 18 are reported …
Economic factors such as rapidly increasing claims costs are driving the increase in insurance premiums, according to the Alliance of American Insurers. “As the insurance industry recovers from its disastrous results in 2001, a great deal of concern is being …
North Carolina-based Wachovia Corporation has reached a definitive agreement to acquire certain assets of E-Risk Services, LLC. Based in New Jersey, E-Risk Services is a Managing General Agency (MGA) providing management liability insurance products for privately held organizations. Insurance coverage …
Morris, Manning & Martin, LLP has formed a new practice group to serve the needs of independent Managing General Agents (MGAs). The new group will provide focused services involving: * Contracts with insurance carriers and producers * Termination issues, including …
IVANS Networking, a division of IVANS Inc., has created a DSL program that helps carriers deal with the logistics of broadband connectivity migrations for agents and trading partners. With insurance carriers deploying large Virtual Private Networks to support bandwidth intensive …
InsuranceJournal.com’s associate publisher Mitch Dunford announced recently that the Web Site for the 79-year-old insurance publication surpassed 1-million page views in the month of August. “This is a milestone for our company,” Dunford commented. “One million page views a month …
