The PMA Insurance Group announced that Barbara L. Sutherland has been promoted to Senior Vice President & Secretary–General Counsel, responsible for managing PMA’s legal function, including both PMA’s Home Office Legal Department and Field Litigation staff and representing the company …
Pennsylvania-based Donegal Group Inc. reported net income for the fourth quarter of 2003 of $5,179,206, or $.47 per share on a diluted basis, compared to $3,627,496, or $.39 per share on a diluted basis, for the fourth quarter of 2002. …
The Property Casualty Insurers Association of America lauded the Pennsylvania’ Senate’s passage of legislation, S.B.815, assuring that policyholders of insolvent insurance companies in the state would still pay for claims according to the agreed-upon deductible amounts under their policies. The …
Arch Insurance Group, a division of Bermuda’s Arch Capital Group Ltd., announced the appointment of Joseph M. Vierling to the position of vice president, Contractors All Risk, Erection All Risk (CAR/EAR), beginning December 1. Vierling will focus on developing and …
Jardine Lloyd Thompson, the U.K.’s largest insurance broker, posted £132.7 million ($211.5 million) in pretax earnings before adjustments for goodwill and exceptional items, compared to a restated figure of £102.3 million ($190 million) in 2002. The figures, according to a …
Bermuda-based Aspen Insurance Holdings Limited reported net income of $54.5 million, or $0.88 per diluted share, for the three months ended December 31, 2003 and net income of $152.1 million, or $2.56 per diluted share, for the year ended December …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A+” (Superior) of Jupiter Insurance Limited (Guernsey), and has maintained its stable outlook. “The rating reflects Jupiter’s superior capital strength and operating performance. An offsetting factor is …
Bermuda’s Allied World Assurance Holdings, Ltd. reported net income of $87.2 million for the fourth quarter 2003, compared to $42.8 million for the fourth quarter last year. Net income for the 12 months ending Dec. 31, 2003, was $288.4 million, …
While the state’s economic recovery has not yet reached every part of the business spectrum, 72 percent of California small business owners polled are expecting 2004 to be an overall better year than 2003, according to an annual statewide survey …
The Property Casualty Insurers Association of America (PCI) expressed its opposition to efforts in the Wyoming legislature to add burdensome and costly reporting requirements to insurers in an effort to keep uninsured motorists off the road. “While the motive behind …
