AXA reported consolidated revenues of Euro 37.5 billion for the first half of 2003. On a comparable basis (adjusted for scope and currency changes), revenues grew by 3.5 percent compared to the same period last year. On a reported basis, …
Endurance Specialty Holdings Ltd. reported second quarter 2003 net income of $66.8 million or $0.99 per diluted share versus net income of $31.3 million or $0.52 per diluted share in the second quarter of 2002. In the second quarter 2003, …
Synaxis Group, the commercial insurance arm of First Tennessee, announced that Robert C. Smith of Atlanta has joined the firm as executive vice president and chief operating officer. Prior to joining Synaxis, Smith was senior vice president and principal of …
Dewinda A. Ford of the Bramlett Agency Inc., in Ardmore, Okla., was named the 2003 National Outstanding CSR of the Year by the Society of Certified Insurance Service Representatives (CISR) and the Society of Certified Insurance Counselors (CIC). She was …
International insurance brokerage and consulting company Summit Global Partners announced that Roman Sanchez has been named sales executive of Summit Global Partners of Texas. In his new position, Sanchez is charged with establishing a presence for SGP’s brokerage business in …
The Wisconsin Supreme Court recently issued a decision rejecting “crystal clarity” as the standard for assessing whether an insurance policy is ambiguous to policyholders. “The most recent ruling comes barely a year after the Wisconsin Supreme Court, in another case, …
Multi-line insurer Cincinnati Financial Corp. reported second-quarter net income of $84 million, or 52 cents per diluted share, compared with $35 million, or 21 cents per share, in the second quarter of 2002. These figures were a second-quarter record for …
The National Association of Insurance Commissioners’ (NAIC) state rankings of auto insurance premiums is “at best a misleading barometer of who pays how much for car insurance in New Jersey,” according to the Alliance of Americans Insurers. “As we pointed …
A new report from the General Accounting Office (GAO) concluding that medical liability losses are the primary drivers of insurance rates reportedly corroborates data provided to the GAO last December by the National Association of Independent Insurers (NAII). “The GAO …
Undervaluation statistics for U.S. homeowners business have improved dramatically, according to Robert Crine, president of Marshall & Swift / Boeckh (MS/B). Crine announced the news to senior executives from the P/C industry at MS/B’s annual Client Conference in Atlantic City, …
