A bulletin from the Professional Insurance Agents of New Hampshire reports that the state’s Automobile Insurance Plan (NHAIP) recently announced that it will implement “EASi-the Electronic Application Submission Interface,” effective Feb. 2, 2004. It described EASi as “an electronic option …
The Hartford announced that it’s broadening its definition of small businesses and plans to offer more tailored coverages from more “dedicated underwriters” and faster responses to the needs of the “high end” of the small commercial market. “As today’s small …
Bermuda’s XL Capital Ltd. announced that its global Property and Casualty insurance subsidiary, XL Insurance Switzerland (XLIS), is to fund a career education program developed and offered by the Careers Guidance Office of the City of Zurich. The program’s objective …
Willis Group Holdings Limited announced fourth quarter net earnings of $118 million, or $0.69 per diluted share, compared with $118 million, or $0.70 per diluted share, in the same period of 2002. Net income for the year ended December 31, …
ACE Limited reported that net income for the quarter ended December 31, 2003 was $421 million or $1.45 per share, compared with a net loss of $168 million or $0.67 per share for the prior year. For the fill year …
Swiss Re announced that it has reached an agreement to acquire Chicago-based CNA Financial’s individual life insurance business, as well as a life insurance servicing and administration facility in Nashville, Tenn., for approximately $ 690 million in cash. “The in …
Members of the Independent Brokers and Agents of the West approved eight resolutions at the recent 2004 Installation of Officers and Directors and Annual Meeting in Los Angeles. Three of the eight resolutions address the continuing need for workers’ compensation …
G.J. Sullivan Co., a member of Los Angeles-based The Sullivan Group, has appointed William E. Buckley as president & CEO to replace R. Daniel DePalma who retired from the Company at the end of 2003. Buckley brings a strong background …
Physicians Insurance A Mutual Company (PI), Washington’s largest professional liability insurer, announced in a letter to Washington state legislators that it will reduce its premiums by at least 10 percent effective Jan. 1, 2005 if the legislature approves a cap …
Missouri-based M.J. Kelly Company, an insurance brokerage firm, has expanded its national presence by opening a new branch in Seminole, Florida. Managed by Ken O’Neill, the new office provides Excess and Surplus Lines products to retail agents throughout Florida. O’Neill …
