The U.K.’s Chartered Insurance Institute (CII) announced the appointment of John Ellis as the Institute’s first Group Public Affairs Director. CII Director General Dr. Sandy Scott commented: “John has a wealth of experience of public affairs and lobbying and will …
A day after Muenchener Rueckversicherungs-Gesellschaft (Munich Re) reported good third quarter and nine-month earnings (See IJ Web site Nov. 9), A.M. Best Co. announced that it has affirmed its “A+” (Superior) financial strength rating on the company and its core …
Global insurance broker Willis Group Holdings announced that it has agreed to acquire Opus Holdings Limited, a U.K. regional insurance broking and group benefits consultancy business, from European buyout firm Bridgepoint Capital Limited. Opus has annual general insurance and group …
Rumors continue to swirl around the U.K.’s Cox Insurance Holdings Plc. concerning possible takeover bids. The company, a leading player in Britain’s automobile insurance market, issued a statement over the weekend indicating that it had “received approaches” from several sources …
The National Association of Professional Insurance Agents is lauding the National Association of Insurance Commissioners (NAIC) for moving quickly to address public policy issues in the wake of actions by New York Attorney General Eliot Spitzer. The NAIC has convened …
Charles M. Nyce, PhD, has joined the American Institute for CPCU and the Insurance Institute of America as director of curriculum. He is responsible for the curriculum, textbooks, and examinations for one course in the Chartered Property Casualty Underwriter (CPCU) …
The Texas Department of Insurance on Nov. 9 released the following statement concerning the recent court ruling on the State Farm and Farmers homeowners rate reduction orders: On November 8, 2004, a state district court ruled that a portion of …
A state district judge in Texas overturned mandated rate rollbacks in homeowners insurance for State Farm and Farmers insurance companies, but the Texas Department of Insurance is reportedly not ready to give up the fight. Insurance Commissioner José Montemayor last …
In an effort to obtain a better look at insurance contracts with state agencies and any impact on public dollars, Tom Gallagher, Florida Chief Financial Officer, has subpoenaed Marsh & McLennan for documents related to the purchase of property insurance …
Anthem Inc. and WellPoint Health Networks Inc. announced that John Garamendi, Commissioner of the California Department of Insurance (CDI), has granted his approval for their pending merger. In July of this year, the companies received approval from California’s Department of …
