Willis Group Holdings Limited Chairman and CEO Joe Plumeri outlined the global insurance broker’s progress through 2002 and reflected on first quarter 2003 results at the company’s Annual Meeting of Shareholders which, held on May 9, 2003 in New York …
Royal & SunAlliance announced that the initial public offering of shares in the Promina Group, its Australian and New Zealand subsidiaries, will raise around £662 million ($1.062 billion) for R&SA and A$150 million (U.S. $97 million) for Promina, after costs …
Winterthur, the insurance subsidiary of Credit Suisse Group, announced today that it is selling the Republic group of companies, its regional operation in the Southwestern U.S., for $127 million to a group of American investors led by Wand Partners Inc. …
The Subcommittee on Financial Institutions and Consumer Credit, chaired by Rep. Spencer Bachus (R-Ala.), held a hearing late last week on the importance of the national uniform credit system to consumers and the U.S. economy. “The National Association of Independent …
Houston-based HCC Insurance Holdings Inc. released earnings for the first quarter of 2003, reporting a 30 percent increase in net earnings over the same period in 2002. The company saw first quarter 2003 net earnings of $30.3 million or $0.48 …
A recently released Texas trial court ruling will help control workers compensation medical costs by setting reasonable medical fees within the state’s workers compensation system, according to the Alliance of American Insurers. The ruling, by Travis County Judge John Dietz, …
Vanguard Fire & Casualty Company, of Winter Park, Fla., announced the promotion of Bill Coffin to the position of vice president of Sales & Marketing. In this role, he is responsible for managing the insurance company’s area sales representatives and …
CRC Insurance Services Inc. of Winston-Salem, N.C., the wholesale insurance subsidiary of Branch Banking and Trust Company, today said it plans to buy Jackson, Miss.-based insurance wholesaler Southern Cross Underwriters Inc. Southern Cross will operate as a division of CRC. …
A proposed Alabama insurance department regulation dealing with the use of credit scoring would help clarify the use of credit in the state, according to the National Association of Independent Insurers, especially since it includes changes suggested at a recent …
James Craig was named president of the American Institute of Marine Underwriters (AIMU). He succeeds Walter Kramer, who retired in May after serving AIMU in various capacities for more than 40 years. Craig joined AIMU in December 1993. Since January …
