Kansas City Life Insurance Company and The GuideOne Group of Companies, based in West Des Moines, Iowa, have signed a definitive agreement under which Kansas City Life will buy all of GuideOne Life Insurance Company’s issued and outstanding shares of …
Kansas City Life Insurance Company and The GuideOne Group of Companies, based in West Des Moines, Iowa, have signed a definitive agreement under which Kansas City Life will buy all of GuideOne Life Insurance Company’s issued and outstanding shares of …
The California Insurance Guarantee Association (CIGA) has signed a five year, claim services contract with Kemper Services, according to Patricia Drago, president of Kemper Services. “Our contract with CIGA is a big win for our service platform,” said Drago. “We …
American International Group Inc. (AIG) has signed a letter of intent to lease about 160,000 square feet of office space at 300 S. Riverside Plaza, a 1-million-square-foot building owned by Bank One Corp., sources said. If negotiations lead to an …
Nationwide Mutual Insurance Co. has agreed to purchase THI Holdings Inc. — the domestic, non-standard auto business of Prudential Financial Inc. that is marketed under the Titan Insurance Co. and Victoria Insurance Group brands. The purchase is part of the …
A.M. Best Co. has assigned an initial financial strength rating of “B” (Fair) to Merrillville, Ind.-based American Inter-Fidelity Exchange (AIFE). The rating outlook is stable. The rating reflects AIFE’s relatively high retentions and exposure to the high loss severity of …
The Illinois CPA Society’s 2003 Reinsurance Conference, a half-day event April 23 at the Illinois Department of Insurance in Chicago, will address best practices and current issues arising in the reinsurance market. Richard G. Clemens, a partner at Sidley Austin …
A report released this month regarding Ohio insurers’ use of credit-based insurance scores incorrectly asserts that such scores intentionally and unfairly create a disproportionate impact on minority and low-income groups, according to the National Association of Independent Insurers. “Insurance scores …
Columbus, Ohio-based Century Surety Company (CSC) reported that Christopher J. (Chris) Timm has been elected president and chief operating officer of the company. The announcement was made by Roswell P. Ellis, chairman, president and chief executive officer of ProFinance Holdings …
South Carolina’s The Seibels Bruce Group Inc., announced financial results for the fourth quarter and year that ended December 31, 2002, reporting it posted a net profit of $805 thousand, or $0.09 per share (basic and diluted, for the fourth …
