The Satellite Agency Network, or SAN Group, headquartered in Portsmouth, N.H., announced that its rapid growth continued during the third quarter of 2003, as it added five new Independent Agency Members, bringing the 2003 total to 12 new Members. SAN …
The Township of South Brunswick, New Jersey was presented with a Special Recognition Award by the Garden State Municipal Joint Insurance Fund (GSMJIF), for its contributions to the overall success of the Fund. Barry Barron, president of NIP Management Co., …
Erie Indemnity Company announced that net income increased by 21.8 percent to $56.2 million for the third quarter of 2003, compared to $46.2 million at September 30, 2002 The bulletin also noted that “net income per share increased by 21.9 …
Toronto-based Kingsway Financial Services Inc. announced the completion of a private placement of approximately US$20 million in 30-year floating rate trust preferred securities, with net proceeds of approximately US$19.4 million. Kingsway said it would use the funds to “provide additional …
Commenting on Montpelier Re Holdings Ltd.’s earnings announcement, Standard & Poor’s Ratings Services indicated that the lowered premium income expectations for 2003 would not have an adverse affect on the company’s ratings. In the bulletin issued yesterday the holding company …
Bermuda’s PartnerRe Ltd. announced that Vito H. Baumgartner has been appointed to its Board of Directors, effective November 1, 2003. The announcement noted that “Mr. Baumgartner, 63, is a Group President and Executive Office member of Caterpillar Inc. a leading …
Standard & Poor’s Ratings Services announced that it has affirmed the ‘AA-‘ counterparty credit and financial strength ratings on property/casualty insurer Hannover Re (Bermuda) Ltd. (HRB), with a negative outlook. “The ratings are based on HRB’s status as core to …
Bermuda’s XL Capital Ltd. reported $99 million in net income available to ordinary shareholders for the quarter ended September 30, 2003, or $0.71 per ordinary share, compared with net income of $184.1 million, or $1.34 per ordinary share, in the …
Patricia Costante, chairman and CEO of The MIIX Group, Inc., a New Jersey-based provider of medical professional liability insurance services, announced net operating income for the third quarter ended Sept. 30, 2003, of $4.4 million, or $.33 per share compared …
Agoura Hills, Calif.-based Fiserv FSC, a unit of Fiserv Inc., announced MarketLink, a new product designed to provide companies in the insurance industry with a unique marketing medium while offering new products and services to the independent agent community. This …
