Marsh Inc. has received an insurance brokerage license from the Insurance Regulatory Development Authority of India (IRDA). Marsh said it is among the first foreign insurance brokers to receive a license to transact business in India and that its Marsh …
Peter J. O’Shaughnessy, 61, of Bermuda Dunes, Calif., former chairman of the board at Trinity E&S, who formed Exstar Financial Services and Westcap Insurance Services, died Feb. 21 from complications arising from cancer. O’Shaughnessy’s insurance career commenced in the 1960s …
Near North National Group owner Michael Segal’s federal trial on charges of insurance fraud, mail fraud and racketeering has been postponed until June 16. The trial, which was scheduled to have begun in April, was postponed after Segal’s lawyers expressed …
North Dakota Workers’ Compensation (NDWC) plans to cover potential health-care workers’ and emergency responders’ adverse reactions to the smallpox vaccine during phase two of the national program to immunize the “first responders” to a dreaded smallpox terrorist attack. NDWC announced …
The Professional Insurance Agents of Connecticut, Inc. hosted its Diamond Club Reception at the Officers Club in Hartford, Wednesday, Feb. 26 where PIACT member agents, Connecticut General Assembly representatives and their staffers reviewed important insurance issues. Nearly 40 independent insurance …
Pennsylvania Governor Edward G. Rendell released a statement on Friday promising short-term economic relief for physicians struggling to pay medical malpractice premiums. The text is as follows: “Two months ago, I stood shoulder to shoulder with Governor Schweiker to unveil …
Bermuda-based Trenwick Group Ltd. announced that it is engaged in continuing discussions with holders of its senior debt securities. Included in Trenwick’s consolidated indebtedness are $75 million principal amount of senior notes of Trenwick’s subsidiary, Trenwick America Corporation, which are …
The European Commission, the European Union’s regulatory authority, has approved the sale of a number of stakes in Global Aerospace Underwriting Managers Limited (GAUM), a consortium that insures airlines and airplane manufacturers, to Berkshire Hathaway, Converium and Munich Re. London-based …
State Auto Financial Corp. reported fourth-quarter net earnings of $19.3 million, or 49 cents per share, compared to 27 cents per share for the year-earlier quarter. Net operating earnings for the quarter were 40 cents per diluted share, versus 26 …
Sky Insurance’s parent company declared a first-quarter cash dividend of 20 cents per share on its common stock payable April to shareholders of record March 14. Sky Financial Group Inc. claimed the dividend reflects the company’s strong core operating performance …
