The Independent Insurance Agents of New Jersey announced that the organization has recently joined the Insurance Council of New Jersey as an associate member. “ICNJ was established in 1977 and is a nonprofit, insurance research, information, and advocacy organization sponsored …
Bermuda-based American Safety Insurance Holdings, Ltd. announced that it has filed a registration statement with the Securities and Exchange Commission to offer approximately 1,800,000 shares in a fully underwritten public offering. It did not indicate the price of the shares, …
Bermuda’s RenaissanceRe Holdings Ltd. announced the appointment of Robert J. Lamendola as Senior Vice President to lead the continued development of its surety reinsurance business, and James R. Lewis as Vice President, who will focus on the development of a …
Swiss-based Converium Holding Ltd. reported third quarter net income of $44.3 million on net premiums written of $887.4 million, beating analysts’ forecasts, and reversing the $5.6 million loss it reported during the same period last year. Figures for the first …
The American Insurance Association (AIA) welcomed Christina Urias to the Arizona Department of Insurance. Arizona Governor Janet Napolitano (D) announced the appointment of the department’s new director on Oct. 16. “AIA and its member companies congratulate Ms. Urias on her …
Atlanta-based Crawford & Company announced its financial results for the third quarter ended Sept. 30. Third quarter 2003 revenues before reimbursements totaled $172.2 million compared with $175.9 million in the 2002 third quarter. Third quarter 2003 net loss was ($3.7) …
AIG Private Client Group, a division of the property and casualty subsidiaries of American International Group, Inc. (AIG), has expanded its Excess Flood Program to 17 additional states across the country, bringing the total to 32 states nationwide. Since AIG …
Safeco – which recently announced a clear focus on Property & Casualty insurance – reported strong third-quarter underwriting results in most insurance lines. “We generated healthy underwriting profits in Auto, Homeowners and Surety,” said Mike McGavick, Safeco chairman and CEO. …
The Chubb Corporation reported that net income in the third quarter of 2003 was $259.8 million or $1.37 per share, compared to a net loss of $242.1 million ($1.42 per share) in the third quarter of 2002. Operating income, which …
W. R. Berkley Corporation reported third quarter net income of $76 million, or 87 cents per share, up from $41 million, or 52 cents per share, a year ago. Net operating income for the third quarter of 2003 was $74 …
