International broker Willis Group Holdings announced that certain of its shareholders have commenced a secondary offering of 20 million shares of common stock. “The offered shares are being sold by Profit Sharing (Overseas), Limited Partnership, an affiliate of Kohlberg Kravis …
Canada’s Kingsway Financial Services Inc., a leading provider in the U.S. of non-standard auto insurance, announced that its net income for the year increased by 7 percent to a record C$85.3 million (U.S. $64.6 million) compared to the C$79.5 million …
French reinsurer SCOR Group announced a 26 percent drop in premium income for 2003 to 3.691 billion euros ($4.735 billion), compared to 5.016 billion ($6.435 billion) in 2002, following its decision to exit unprofitable lines. The company’s announcement indicated the …
Phoenix-based MiniCo Inc. has announced the successful implementation of Renaissance, a new browser-based commercial insurance technology system designed to improve customer service throughout the organization’s insurance division. Renaissance was designed and developed jointly with Systems Task Group (www.stgil.com), headquartered in …
Seattle-based Cutter & Buck Inc. responded to the court’s issuance of an order rejecting the company’s claims against Genesis Insurance Company. Cutter & Buck had sought reinstatement of its directors’ and officers’ liability insurance policy, which the company claimed had …
San Ramon, Calif.-based Valley Oak Systems Inc., a national provider of claims management software, services and support, has launched iVOS Review Service and Software, a new bill review component that is now integrated into their flagship product, iVOS, the leading …
The Property Casualty Insurers Association of America (PCI) issued a stern response to a Wednesday, Feb. 11 CBS Evening News story that reportedly contained unfair allegations from the auto body industry that insurer-owned auto body shops are a “colossal conflict …
ACE Select Markets, a division of ACE USA, the U.S.-based retail operations of the ACE Group of Companies, announced that it has been selected by the National Council of Corvette Clubs (NCCC) to be the exclusive provider of collector auto …
The CPCU Society is holding a number of February educational events. All workshops are open to CPCUs and other insurance professionals, and provide the opportunity for professional development and networking. Most workshops have been filed for continuing education credits. Among …
American Re-Insurance Company announced that its affiliate, AM-RE Services, Inc., entered into an exclusive agreement with Best Doctors(R), Inc. to improve medical outcomes and help American Re’s clients reduce overall workers’ compensation claims costs by providing experts to consult on …
