L. Tim Wagner, Director of the Nebraska Department of Insurance, announced that he had issued an order on Friday placing Acceptance Insurance Company under supervision. Acceptance is the parent company of American Growers Insurance Co., the crop insurer that was …
Cole County Circuit Judge Thomas Brown granted the petition of Scott B. Lakin, the Director of the Missouri Department of Insurance (MDI), and placed two Kansas City-based workers compensation insurers in receivership as part of a transaction to sell their …
The Professional Independent Insurance Agents of Illinois has issued a bulletin on behalf of the organization, its staff and all members of the insurance community, mourning the loss of State Representative Tim Osmond, who died of a heart attack on …
Bermuda-based Endurance Specialty Holdings announced that it plans an initial public offering sometime next year in an effort aimed at raising $200 million. Endurance, formed after Sept. 11 by Aon, Zurich Financial Services and other investors, becomes the third offshore …
The long running saga of SAI’s takeover of la Fondiaria in an effort to create Italy’s second largest insurance group, may finally be heading for a conclusion, as two key regulatory agencies, the ISVAP, which regulates Italian insurers, and Consob, …
The Swedish-based Skandia Insurance Group has reached an agreement with Prudential Financial to sell its U.S. operations, American Skandia, for a total consideration of $1.265 billion, around 72 percent of its book value. As of Sept. 30 the company had …
China’s non-life insurers will be able to compete with the country’s life insurance industry to provide flight passenger insurance polices beginning January 1, 2003. A bulletin from the country’s official Xinhua News Agency, as reported by Dow Jones Newswires, indicates …
New York Superintendent of Insurance Gregory Serio announced that Michael McGuire, Mark Marrelli, and Glen Marelli of Erie, N.Y. have been charged with arson, insurance fraud, attempted grand larceny, and criminal facilitation after allegedly setting fire to a car. McGuire, …
Venture Programs of West Chester, Pa. announced that Alea North America Insurance Company, a unit owned jointly by Alea Group Holdings (Bermuda) Limited and Alea Group Holdings AG, has agreed to become an issuing carrier for its preferred hospitality program. …
Hilb, Rogal and Hamilton Company, the world’s tenth largest insurance intermediary, announced that it has signed definitive merger agreements with the Freberg group of companies (Freberg), expected to be effective Jan. 1, 2003. Terms of these combination Common Stock and …
