Ireland’s FINEOS Corp., which conducts business in the U.S. from Portland Maine, announced that it has agreed to supply Delta Lloyd in the Netherlands, a division of the U.K. ‘s AVIVA plc (formerly CGNU), with its “multi-channel intake and claims …
Inreon, the Internet trading platform launched by Munich Re and Swiss Re, announced that it has expanded its scope to offer reinsurance buyers facultative liability cover via the platform from a panel of blue chip reinsurers. It also announced plans …
One year after the terrorist attacks in New York, Virginia and Pennsylvania, the Insurance Information Institute estimates that the total insurance loss from Sept. 11 will ultimately be about $40.2 billion. “9/11 is not only the biggest insured catastrophe ever, …
Consolidated Freightways Corp., one of the nation’s largest trucking firms, is shutting down its U.S. operations immediately and moving to liquidate the business, according to the Los Angeles Times. Headquartered in Vancouver, Wash., Consolidated has been struggling financially over the …
The willingness of consumers to absorb escalating medical costs, combined with reduced competition, underlies the continued operating strength of health insurers in the coming quarters, Standard & Poor’s said in a report issued Sept. 5. “There is a chain of …
WFG Capital Advisors LP and Insurance Transitions, www.InsuranceTransitions.com, are forming a strategic partnership to create and launch an on-line succession planning program for insurance practitioners. Insurance Transitions provides a central marketplace for independent insurance professionals to buy and sell their …
Hub International Limited announced that Kaye Insurance Associates, Inc. (KIA), the largest retail brokerage unit of Hub’s New York subsidiary, Kaye Group Inc. (KGI), purchased the assets of C. S. Nenner, Inc.S, a Bordentown, New Jersey insurance agency, for an …
Applied Systems, a leading automation solutions provider for the property and casualty insurance industry, announced new options and enhancements to its data merge and extraction process that will significantly reduce agency downtime and cleanup while increasing flexibility and customization opportunities …
Aon Corporation announced the completion of negotiations to secure new permanent office facilities in New York City. On Aug. 28, 2002 Aon reached an agreement with Resnick Seaport, LLC of New York to lease approximately 165,000 square feet of space …
Odyssey Re Holdings Corp. of New York announced changes to its board of directors. Namely, Brandon Sweitzer has been appointed to the board, replacing Paul Ingrey. Sweitzer will also be a member of OdysseyRe’s Audit and Compensation Committees. Ingrey resigned …
