The board of directors of Safety Insurance Group, Inc. (NASDAQ:SAFT) announced the election of Frederic H. Lindeberg as director of the corporation. The board also designated Lindeberg to serve as chairman of the corporation’s nominating and governance committee, and to …
The National Hurricane Center’s latest bulletin on Hurricane Frances, issued this morning, confirmed that the storm is a category 3 hurricane, packing winds near 125 mph (205 km/hr.) with higher gusts. The NHC said “some strengthening is forecast during the …
Zurich-based Converium Holding AG announced that an external reserve review, conducted by the actuarial consulting firm Tillinghast-Towers Perrin, confirms reserves to be “within a reasonable range of actuarial estimates for the segments reviewed.” Last July’s announcementof of adverse reserve developments, …
Dublin-based consulting firm Research and Markets (http://www.researchandmarkets.com) announced the addition of a new “Insurance Companies Market Report 2004,” which provides an analysis of U.K. insurance companies. Information is provided on the following: – Executive Summary- Contents- Market Definition – Market …
ACE Overseas General, the non-U.S. insurance operations of The ACE Group of Companies, announced from Bermuda that Neil C. Smith has been appointed as President of ACE Far East. He succeeds Scott Pickering, who has been appointed Country Manager, ACE …
Bermuda-based Allied World Assurance Holdings, Ltd., announced that its subsidiary, Allied World Assurance Company (Reinsurance) Limited (AWAC Re) has established and opened a branch office in London. AWAC Re commenced operations in Dublin, Ireland, in July of 2003. The new …
MarketScout’s Heroes! celebration has received tremendous support from leaders in the insurance and business community. On Sept. 11, 2004, MarketScout is honoring soldiers who have served on active duty in Iraq or Afghanistan. The event is not political and is …
Model legislation created to address guaranty fund insolvency issues has been passed in several key states in the 2004 legislative sessions, putting reform efforts on the right path, according to the Property Casualty Insurers Association of America (PCI). All or …
The Property Casualty Insurers Association of America issued a statement concerning two constitutional initiatives, titled “Question 4” and “Question 5,” that are supported by trial lawyers and will be on the November 2, 2004 ballot in Nevada: The initiatives attack …
Insurance company Liberty Northwest gave far more money than it had initially said to a nonprofit group battling its rival, the SAIF Corp. According to tax returns, Liberty Northwest poured more than $700,000 into Oregonians for Sound Economic Policy, the …
