The Board of Directors of French reinsurer SCOR met on Tuesday, Aug. 26, 2003 to approve the financial statements for the first half of 2003. The meeting, chaired by CEO Denis Kessler, formalized the results announced Aug. 12 (See IJ …
Newark, Calif.-based Risk Management Solutions, a leading provider of products and services for the management of catastrophe risk, announced that it has provided the risk analysis for a securitization of insurance risk by the Taiwan Residential Earthquake Insurance Pool (TREIP). …
Standard & Poor’s Ratings Services announced that it has lowered its long-term counterparty credit and insurer financial strength ratings on Munich Reinsurance Co. and related core subsidiaries of the Munich Re group, to ‘A+’ from ‘AA-‘ with a “stable” outlook. …
Schaumburg, Ill.-based insurer Zurich North America announced that David Young has been named first vice president of strategy for its middle markets business unit. Young will be responsible for developing and implementing strategies that will directly impact the group’s profitability. …
After earlier resisting pressure to return campaign donations from convicted insurance fraudster Larry Rogers, Ohio Sen. George Voinovich has changed his mind, according to the Associated Press. Rogers, co-founder of now bankrupt of PIE Mutual Insurance Co., gave $85,000 to …
Automotive insurance premiums show no sign of leveling off as rates increased an average of 13 percent since 2002, according to the J.D. Power and Associates 2003 National Auto Insurance Study(SM). Despite increasing costs, customer satisfaction with auto insurance providers …
Hilb, Rogal and Hamilton Company announced that its board of directors has named Robert Lockhart as its president and chief operating officer, a position previously held by Martin Vaughan, III, who was appointed to the position of chairman and CEO …
California-based Westbourne International obtained an injunction against Arrowhead General Insurance Agency earlier this week after a federal jury had previously awarded the company over $5.8 million stemming from Arrowhead’s reported infringment of Westbourne’s software. According to a sworn statement by …
Gov. Gray Davis signed California financial privacy legislation into law Aug. 28, enacting one of the nation’s most restrictive state privacy measures, according to the Association of California Insurance Companies (ACIC), an affiliate of the National Association of Independent Insurers …
Combined Agents of America LLC (CAA) announced that three of its members were elected to serve as presidents of the Austin, Houston and Permian Basin chapters of the Independent Insurance Agents of Texas for the 2003-2004 term. Kelli Stanford, president …
