Monthly Archives: <span>January 2004</span>

Willis Acquires Remaining Shares in Danish Sub

Global insurance broker Willis Group Holdings announced that it has acquired the remaining shares of Willis A/S in Denmark that it did not already own. The move is the second major acquisition Willis has made in the Nordic broker market …

S&P Affirms ING Group’s Ratings; Insurance Outlook Negative

Standard & Poor’s Ratings Services announced that, following a review, it has affirmed its ratings on Holland’s ING GROEP N.V. and related entities, “including its ‘A+/A-1’ counterparty credit ratings on holding companies ING GROEP N.V., ING Verzekeringen N.V., and ING …

Commercial Insurance Buyers Say Property Premiums Fell Nearly Nine Percent in Fourth Quarter

Commercial insurance buyers say the cost of property insurance fell 8.8 percent in the fourth quarter of 2003 marking the first decline in premium prices in any major line of commercial insurance in nearly four years, according to the RIMS …

Robert F. Brooks is Lemac & Associates’s Newest Broker

William Newton, president of Lemac & Associates Inc. recently announced the new hire of Robert F. Brooks as assistant vice president. As a casualty specialist, Brooks will be responsible for developing new client relationships and assisting Lemac’s growth and development. …

AMS Users’ Group Accepting Nominations for 2004 Wade S. Dunbar, Jr. Award

The AMS Users’ Group recently began accepting nominations for the Wade S. Dunbar, Jr. Award. This honor was created in 1988, in remembrance of a vibrant North Carolina agency principal whose lifelong dream was industry automation. “Wade Dunbar worked to …

SteelCloud Notes Intent to Purchase Asgard Holding LLC

SteelCloud Inc. announced it has signed a Letter of Intent to acquire the privately held, Fort Lauderdale-based Asgard Holding LLC. The company is now finalizing a definitive agreement and expects to close the transaction within 30 days, however the transaction …

Great American to Set Sail with Oceanwide’s Online Cargo Insurance

Cincinnati-based Great American Insurance Group has licensed Oceanwide’s (www.oceanwide.com) Genoa Cargo Insurance management platform to handle web-based processing and issuance of electronic insurance certificates. Genoa’s technology will allow Great American clients to rate individual shipments, track premiums and generate electronic …

CWCI Schedules Workers’ Comp Treatment Utilization Guideline Seminars

The California Workers’ Compensation Institute will hold a one-day seminar in March in San Francisco and in Long Beach to educate industry professionals on practical issues surrounding implementation of the new Evidence-Based Medicine (EBM) utilization guidelines required by the 2003 …

CWCI Study Examines Evidence-Based Medicine in California Workers’ Comp

The California Workers’ Compensation Institute has issued a new study examining the development and history of evidence-based medicine (EBM) as a tool for assuring appropriate, quality medical care, and its potential for containing treatment costs and improving California workers’ comp …

Allenbrook, Whitehill Technologies Strike Partnership for the Future

Allenbrook Inc., a provider of processing software and consulting services for the property/casualty industry, announced a partnership with Whitehill Technologies, Inc. Whitehill provides companies the ability to extract system data, reformat and automatically distribute the resulting output. The integration of …