Monthly Archives: <span>January 2003</span>

CSRcross-selling.com Redesigns Web Site

North Carolina-based Agency Ideas® announced a complete transformation of its CSRcross-selling.com(TM) Web site, which is dedicated to advancing cross-selling skills throughout the property and casualty insurance industry. Enhancements include an entire update and redesign of its appearance, interface, and content. …

HCC Changes Name of Sub; Expects a Good Year in 2003

Houston-based HCC Insurance Holdings Inc. is changing the name of its recently acquired underwriting agency, MAG Global Financial Products, to HCC Global Financial Products (HCC Global). According to the company, HCC Global will continue to be managed by R. Matthew …

Brown & Brown Buys Texas Agency

Brown & Brown Inc. of Daytona Beach and Tampa, Fla. acquired San Antonio, Texas-based Coleman Company Insurance Services L.P. in a transaction effective Jan. 1, 2003. In a joint announcement, the companies described Coleman as a retail commercial property and …

BIS Inc. Contracts with CUSO

BIS Inc., a provider of turnkey insurance agency solutions for financial institutions, has contracted to provide its insurance agency solution to Community Financial Federal Credit Union’s CUSO, the CU Alliance Group, headquartered in Broomfield, Colo. The Banc Insurance Service’s end-to-end …

FM Global Unveils 2003 Property Loss Prevention Resource Catalog

Commercial and industrial property insurer FM Global recently released its free 2003 Property Loss Prevention Resource Catalog that contains a number of loss prevention products to aid risk managers, facility and plant managers, and others responsible for property loss prevention. …

Hub Int. Says Growth Plans Are Being Implemented Effectively

Chicago-based Hub International announced that it anticipates 2002 earnings per share will be in a range of US$1.04-1.06 per share, slightly higher than the US$1.03-1.05 estimate disclosed last month. The company also reaffirmed that it anticipates earnings per share will …

A.M. Best Places Rating of Prudential P/C Group, Subsidiary Under Review

A.M. Best Co. has placed the financial strength rating of A- (Excellent) of the Prudential Property and Casualty Group (Indianapolis) and its separately rated subsidiary, THI Holdings Group (Cleveland), under review with negative implications. The under review status reflects A.M. …

Tsibulsky Named Chief of Staff in Ohio Dept.

Ohio Insurance Director Ann Womer Benjamin named William Tsibulsky as the Department’s Chief of Staff. “I am excited that the Department will have a person of Bill’s dedication and experience helping guide the organization,” Womer Benjamin said. “His knowledge and …

Greenberg Says AIG has No Major Problem with Asbestos

Maurice Greenberg, chief executive of American International Group Inc. remarked Tuesday that the insurer did not have a major problem with asbestos, and that his successor would be promoted from within the company, according to a Reuters report. Greenberg said …

P/C Pricing Growth Fastest Since 1986

The insurance industry is well into a rebound from the terrorist attacks of Sept. 11, 2001, with premiums increasing aggressively for more than a year, according to the Chicago-based Raymond James Financial. Greg Peters, senior vice president for equity research …