Reinsurer Equitas, the Lloyd’s of London affiliate set up to deal handle asbestos cases, and Texas-based Halliburton Co. are reported to have reached an agreement to settle asbestos insurance claims. According to Reuters news reports, under the agreement the oil …
The American Institute for CPCU and the Insurance Institute of America announced the recognition of Paul Z. Martin, director of education for the Independent Insurance Agents of Texas, as an Outstanding Course Leader. The Institutes are property/casualty insurance educational organizations …
In an effort to help insurance agencies recruit and hire new employees, the Professional Insurance Agents of New Jersey Inc. has launched its “Agency Staffing Assistance Program (ASAP),” descibed as a “comprehensive and online tool kit, which will help PIANJ …
The Professional Insurance Agents of New York, Inc. has released a statement summarizing the issues that face insurance producers and companies in the 2004 New York legislative session. The PIANY listed its legislative concerns, as well as its position and …
OneBeacon Insurance Group LLC, a wholly owned subsidiary of Bermuda-based White Mountains Insurance Group, Ltd., announced that it has been endorsed by the Connecticut Retail Merchants Association (CRMA) as its preferred provider of business-insurance products for CRMA members. “This represents …
A.M. Best Co. announced that it has upgraded the financial strength rating to “A-” (Excellent) from “B+” (Very Good) of Honolulu-based DTRIC Insurance Company Limited with a stable outlook. “The company’s capital position is supported by its parent via an …
Allianz Compania de Seguros y Reaseguros, the Barcelona-based Spanish subsidiary of Germany’s Allianz, announced that it has seen premium income grow by more than 13 percent in 2003 and nearly 60 percent over the last three years. The company ranks …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A-” (Excellent) of Bermuda-based Max Re Ltd., a wholly owned subsidiary of Max Re Capital Ltd., with a stable outlook. “The rating reflects Max Re’s secure risk-adjusted …
Aviva Plc appears to have successfully headhunted Andrew Moss, currently the top financial officer at Lloyd’s. The U.K.’s largest insurer announced yesterday that Moss, 45, is expected to join Aviva as its new Finance Director within the next few months. …
Insurance Services Office Inc. (ISO) has acquired Quality Planning Corporation (QPC), a San Francisco-based provider of analytic methods for helping auto insurance companies achieve greater rating integrity. Terms were not disclosed. QPC’s proprietary analytic methods significantly reduce premium “leakage” in …
