Bermuda-based White Mountains Insurance Group, Ltd. announced that Tom Kemp has retired as a Director of the Company effective March 31, 2004. Chairman George Gillespie stated: “Tom Kemp, our friend and long-time associate, has been a steady and thoughtful contributor …
Michael Diekmann, Chairman and CEO of the Allianz Group, has expressed his confidence in the company’s prospects in the Chinese market. On his first visit to the country since taking over Allianz, Diekmann and Werner Zedelius, Member of the Board …
Standard & Poor’s Ratings Services announced that it has raised its counterparty credit and insurer financial strength ratings on AXA’s Irish subsidiary, AXA Insurance Ltd. (AXA Ireland) to ‘BBB+’ from ‘BBB’ with a stable outlook. “The upgrade reflects AXA Ireland’s …
France’s SCOR Group posted a net loss of 314 million euros ($384 million) for 2003, a distinct improvement over the 455 million euros ($556 million) loss the group reported in 2002. In addition the company reported net income of 45 …
Jack Cassell “was pretty happy just being a producer,” and he had been since entering the insurance business in 1979. But he saw an opportunity when the agency he was working for, Wichita, Kan.-based Manning & Smith Insurance was acquired …
Southfield, Mich.-based alternative-risk insurer Meadowbrook Insurance Group announced that the company’s chairman and founder, Merton J. Segal, has established a personal stock sale plan in accordance with SEC Rule 10b5-1, under which he will sell up to 550,000 shares (about …
The former head of the Maryland’s workers’ compensation fund has been offered the job to run North Dakota’s insurance program. Thomas Cleary was offered the position to become the new executive director/CEO of Workforce Safety and Insurance by the WSI …
The eight leading brokerage firms saw only an 8 percent growth in organic revenue in the fourth quarter of 2003, according to a year-end survey by WFG Capital Advisors, an insurance industry investment banking firm. Organic growth trended further downward …
The Web Marketing Association is calling for entries for its eighth annual WebAward Competition, including the category of best insurance Web site. The competition is meant to recognize the individual and team achievement of Web professionals who create and maintain …
The National Glass Association announced that the Minnesota Glass Association and the Minnesota Independent Insurance Agents and Brokers Association (MIIAB) have agreed to set up a jointly operated auto glass claims processing network for members of the two groups. The …
