Bermuda-based AlphaStar Insurance Group Limited announced that George W. Jones and Jean de Pourtales, two long-standing members of its Board of Directors, have resigned for unrelated reasons. Jones, an executive director and former CFO, “has resigned as an employee and …
A.M. Best Co. has downgraded the financial strength ratings of Credit Suisse’s Winterthur Swiss Insurance Company and its core subsidiary, Winterthur Life Insurance Company, collectively known as Winterthur Group, to A (Excellent) from A+ (Superior). Best also said it had …
Zurich Financial Services announced plans to cease insurance activities in three Baltic States. It has reached a preliminary agreement for the transfer of its insurance portfolios in Latvia and Lithuania to If P&C, based in Helsinki, Finland, and plans to …
Despite the onset of the long anticipated war with Iraq, there have as yet been no outright cancellations of coverage relating to the Persian Gulf Region. Many insurance companies, however, have warned that they will impose surcharges for airlines and …
Omaha, Neb.-based Priority Data Systems has integrated its PriorityRate.com Internet-based comparative rating system with AMS Services’ AfW and Sagitta management systems. The relationship brings single-entry functionality to their mutual customers in an online environment. The integration is two-way for personal …
The St. Paul Cos. has adopted TransactNOW technology in partnership with AMS Services, Inc. This new technology gives agents and brokers the ability to process billing and claims inquiry transactions directly from their agency desktops using their own agency management …
Chicago-based brokerage Near North National Group announced today that 2002 revenue increased 11 percent to over $120 million. In addition to the excellent performance of the brokerage operations, several other Near North entities have experienced strong increases in 2002, including …
After reviewing year-end 2002 loss experience, the California Workers’ Compensation Insurance Rating Bureau (WCIRB) Actuarial Committee recommended that the WCIRB file a proposed change in pure premium rates with respect to new and renewal policies incepting on or after July …
“It appears you no longer have to be a Democrat to be a friend of the trial bar in Florida,” William Stander, government affairs representative in Tallahassee for the Alliance of American Insurers (AAI), said. Stander’s remarks came after the …
Brown & Brown Inc. of Daytona Beach and Tampa, Fla., announced it has acquired managing general agencies in Georgia and North Carolina in transactions effective March 1. Saville & Associates Inc. of Norcross, Ga., and Public Risk Underwriters Inc. of …
