The Seibels Bruce Group, Inc., has received an Order Lifting Administrative Supervision and Relieving Supervisor from the South Carolina Department of Insurance (SCDOI). Since August 2002, the company has reportedly worked closely with the SCDOI on a plan of operation …
Santa Ana, Calif.-based PrideMark Insurance Agents/Brokers recently announced that Thomas W. Farr and Allison Oguma of Suregard Insurance Agency have joined PrideMark forming Sureguard at PrideMark. Farr and Oguma join PrideMark as a production team after 10 years with South …
Metaserver, Inc., a developer of Business Process Integration (BPI) software, based in New Haven CN, announced that the Providence Washington Insurance Company has chosen to expand its present investment and implementation of the Metaserver BPI solution into the company’s commercial …
Benfield [formerly Benfield Blanch], a leading global reinsurance intermediary, announced the appointment of Kevin Markowski as branch manager of its New York office. “Mr. Markowski has been a leading force in the insurance/reinsurance industry for over 31 years. His experience …
Nassau District Attorney Denis Dillon, the New York State Insurance Department, the State Insurance Fund and the Inspector General of the Workers’ Compensation Board jointly announced the arrest of six individuals for insurance fraud resulting in the theft of thousands …
The Netherlands AEGON N.V. announced the appointment of Bas Snijders, 43, as Senior Vice-President for Group Treasury, reporting to Michiel van Katwijk. He will assume his duties this summer. “Bas Snijders has worked for SNS Bank as Director of Funding …
Standard & Poor’s Ratings Services announced that it is maintaining its CreditWatch with negative implications on various Australian and New Zealand subsidiaries of Tower Ltd. “following the profit warning issued by the insurance group today.” The current ratings on various …
Bermuda-based White Mountains Insurance Group has reported the results of its Annual General Meeting of Members, held on May 19, 2003. At least 98% of the shares voted on each proposal said the company. The Members took the following actions: …
A.M. Best Co. announced that it has downgraded the financial strength rating to B+ (Very Good) from B++ (Very Good) of U.K.-based The Underwriter Insurance Company Limited (TU), and maintained its negative outlook on the insurer. Best said “The downgrade …
Swiss Re announced that it has published a timely new study, “Terrorism risks in property insurance and their insurability after 11 September 2001,” which it described as a “brochure aimed at identifying the perimeters of terrorism, assessing risk related to …
