The St. Paul Companies announced the delisting of its common stock on the London Stock Exchange, where it has been traded as a secondary listing since the early 1990’s, effective Jan. 23, 2003. Earlier in the week A.M. Best announced …
The Paris-based SCOR Group confirmed that it has completed the previously announced subscription and sale of the equivalent of 99 million new shares, raising 381 million Euros ($390 million). The new funds came mostly from European investors – No securities …
London-based Hong Kong & Shanghai Bank Holdings Plc (HSBC) has agreed to acquire Singapore-based Keppel Insurance for around $86 million in cash. The group is currently owned by the Belgian-Dutch Fortis Group and Keppel Capital Holdings Ltd., each with a …
Fitch has placed all of the insurance companies in Chile that it covers on a general credit watch over worries about the weakened state of the local market and concerns over the resulting decline in their financial strength. According to …
Nebraska’s Department of Insurance (NDI) issued a statement indicating that due to “advancements in technology” it will be making substantial changes in the periodic on-site financial examinations it conducts of all of the state’s domestic insurance companies. The NDI bulletin …
Holly Saelens, the interim director of the Ohio Department of Insurance (ODI), has notified Powell securities dealer Vernon W. Shiflett and associate Paul L. Edwards, an insurance agent from Marion, of the Department’s intent to revoke their licenses on charges …
The California Earthquake Authority decided it will no longer conduct business dealings with U.S. companies that relocate in name only to offshore tax havens. According to the Sacramento Bee, state Treasurer Phil Angelides promoted the change in policy. As a …
Sun Bancorp Inc., a bank holding company headquartered in Selinsgrove, Penn., announced plans to acquire Mid-Penn Insurance Associates Inc., an independent insurance agency located in Sunbury, Penn. Mid-Penn Insurance Associates, owned by Chris Fellon, Cheryl Zellers and Dan Geise, has …
David L. Eslick, chairman, president and CEO of U.S.I. Holdings Corporation announced that the Board of Directors has named Thomas E. O’Neil senior vice president and COO and Jeffrey L. Jones senior vice resident and chief marketing officer. U.S.I, headquartered …
Heffernan Insurance Brokers, a full service insurance brokerage firm based in Sonoma, Calif., announced the promotion of Elizabeth Bishop from vice president Sales to branch manager of the Sonoma office. In this role, Bishop will lead an aggressive business development …
