Independent insurance agencies are now able to access billing information in real-time for Travelers small commercial policies directly from their Applied Systems agency management system, supplementing the wide range of existing e-service transactions currently available with Travelers (www.travelers.com). With this …
Commercial P/C insurance software provider, INSTEC, announced an agreement with Thompson Insurance Enterprises, Inc. (THOMCO) for the implementation of a 50-state commercial Package and Automobile policy rating and administration solution. The comprehensive, bureau-based solution is in production, with customizations for …
Dramatically higher premium increases and risk retention requirements have reportedly added financial pressures to an industry segment that is already strained. Facilities are going bare, self-insuring or reducing limits of coverage. It is only through greater risk control measures, prudent …
T.J. Ryan III, president of ISU International, announced that three new agencies were admitted into the ISU Group of Independent Agents, effective May 1. ISU Insurance Services – Stanton & Associates of Westlake Village, Calif; ISU Insurance Services – The …
The Hartford Financial Services Group Inc., has sold most of its property-casualty reinsurance business to Bermuda-based Endurance Specialty Holdings Ltd. The transaction includes the sale of renewal rights for existing business and the transfer of the majority of the unearned …
NYMAGIC, INC. reported that net earnings from the results of consolidated operations for the quarter ended March 31, 2003 were $1.9 million, or $.20 per diluted share, compared with $2.7 million, or $.29 per diluted share, for the first quarter …
A bill that would protect agent’s ownership of their expirations, initiated by the Professional Insurance Agents of New Jersey, has been released in a unanimous vote by the State’ Senate’s Commerce Committee. The legislation, S. 2385 co-sponsored by Sen. Stephen …
Arch Insurance Group, a division of Arch Capital Group Ltd., announced that Belinda J. Rowan has been named to the position of Managing Director, Ocean Cargo, beginning May 27. “In her new role, Ms. Rowan will focus on growing Arch’s …
Bermuda’s Max Re Capital Ltd. announced the appointment of three new officers. David Kalainoff has been named Executive VP and Chief Underwriting Officer for “Traditional Reinsurance Operations” of the group’s principal operating subsidiary, Max Re Ltd. He joins Max Re …
The Board of Directors of Transatlantic Reinsurance Company, a subsidiary of Transatlantic Holdings, Inc., announced the election of Officers and an increase in dividend payments at its recent regularly scheduled meeting. The following people were elected to the offices indicated: …
