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

Ga. Legislature Examining Civil Justice Reform Bills

The Georgia legislature is reportedly considering almost a dozen House bills dealing with civil justice reform and medical malpractice insurance reform. “We commend the sponsors of these bills for taking on this politically charged issue,” said Robert Herlong, Southeast regional …

San Antonio TRADE FAIR Set for March 4

The Independent Insurance Agents of San Antonio will hold its annual TRADE FAIR on Thursday, March 4, 2004 at the San Antonio Firefighters Association Hall. The IIA San Antonio invites agency principals, producers, CSRs, underwriters, company representatives, adjusters, all insurance-associated …

‘Agency of the Year’ Award Goes to MaximInsurance

Dickinson, Texas-based MaximInsurance announced it has been named “Agency of the Year” for the fourth consecutive year by Allstate Insurance Company. MaximInsurance was awarded the honor for its outstanding results in customer service, loss ratio, financial services and client retention, …

Vermont Renews Ed. Contract with Experior

Experior Assessments, LLC announced that the Vermont Department of Banking, Insurance, Securities and Health Care Administration has re-awarded Experior(R) a two-year contract for the administration of Vermont’s insurance continuing education program. “We are very pleased to have the opportunity to …

Gallagher Acquires R. P. O’Brien & Co.

National agent/broker Arthur J. Gallagher & Co. has acquired R. P. O’Brien & Co., Inc. of White Plains, New York. Terms of the transaction were not disclosed. Founded in 1988, R. P. O’Brien & Co. offers risk management, property, casualty …

Massa B. Cressall to Lead Endurance Specialty Investor Relations

Bermuda-based Endurance Specialty Holdings Ltd.,a global provider of P/C insurance and reinsurance, announced that effective immediately Massa B. Cressall will lead its investor relations function. Bryan A. Melgar, currently Manager of Investor Relations, will take on new responsibilities for corporate …

Best Affirms Misr Insurance ‘A-‘ Rating

A.M. Best Co. announced that it has affirmed the financial strength rating of “A-” (Excellent) of Egypt’s Misr Insurance Company, with a stable outlook. “The rating reflects the company’s excellent risk-adjusted capitalisation, operating performance and business profile in the Egyptian …

Allied World Promotes Nessa Goodman to Assistant VP-General Casualty

Allied World Assurance Co. [Europe], Limited [AWAC Europe] announced that Nessa Goodman has been promoted to the position of Assistant Vice President, General Casualty. She joined AWAC on November 4, 2002, in the position of Senior Underwriter, General Casualty. Goodman …

Best Assigns Initial ‘B++’ Rating to Jamaica International

A.M. Best Co. announced that it has assigned an initial financial strength rating of “B++” (Very Good) to Jamaica International Insurance Company Limited (JIIC) of Kingston, Jamaica, with a stable outlook. “The rating is based on JIIC’s strong capitalization, excellent …

Montpelier Re Reports $99.9 Million Q4 Net; $407.1 Million Full Year

Montpelier Re Holdings Ltd. reported net income of $99.9 million, or $1.46 diluted earnings per share, for the three months to December 31, 2003 and net income of $407.1 million, or $6.05 diluted earnings per share, for 2003. The announcement …