Atlanta-based Ebix, Inc., an international supplier of software and e-commerce solutions to the insurance industry, announced that it had sold 222,223 shares of its previously un-issued common stock to CF Epic Insurance and General Fund, an investment fund located in …
A rash of commercial insolvencies that has cost the insurance industry substantial amounts of money should be the impetus for state legislatures to consider proposals for guaranty fund reforms, according to the Property Casualty Insurers Association of America (PCI). “Existing …
Sheboygan, Wis.-based insurer Acuity announced five promotions in its marketing department. Lisa Lillesand has been named director of personal lines marketing. Lillesand joined Acuity in 1988 as a marketing products analyst. She has also held the positions of implementation analyst …
Cincinnati-based insurer Great American Financial Resources Inc. announced that its wholly-owned subsidiary AAG Holding Company Inc. plans to make a public offering of $75 million principal amount of its senior debentures. The debentures will be fully and unconditionally guaranteed by …
Robert Kerzner, executive vice president and director of The Hartford Financial Services Group’s individual life division and president of Woodbury Financial Services, is retiring after a 30-year career with the insurance and financial services giant. Kerzner will remain in his …
The Property Casualty Insurers Association of America has recommenced its attack on the restrictive Massachusetts auto market, noting that just as the number of companies writing private passenger auto insurance in the state has continued to decline in recent years, …
New York’s Superintendent of Insurance Gregory V. Serio joined New York City Police Commissioner Raymond W. Kelly and Queens District Attorney Richard A. Brown in announcing multiple indictments charging a group of lawyers, medical doctors and other state-licensed medical professionals …
The Navigators Group, Inc. announced that John “Jack” Kirby, who recently retired from Chubb & Son, Inc., as Managing Director with worldwide responsibility for ceded reinsurance, has been elected as a member of Navigators Board of Directors. Kirby began his …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) of Toronto-based Lawyers’ Professional Indemnity Company (LAWPRO), which is wholly-owned by the Law Society of Upper Canada, the governing body of Ontario lawyers. The rating …
Lloyd’s announced the appointment of Steven Burns, currently Chief Executive Officer of the Limit Group, as a non-executive member to its Franchise Board. He replaces Andrew Kendrick, who has moved to an overseas post with ACE Global Markets. The Board’s …
