Victims of the Sept. 11, 2001 terrorist attacks — both individuals killed or seriously injured and individuals and businesses impacted by the strikes — have received at least $38.1 billion in compensation, with insurance companies and the federal government providing …
A Wauchula, Fla. property insurance agent who served customers in Hardee, Polk and DeSoto counties is facing several felony charges stemming from allegations that he stole insurance premiums from homeowners and never secured property insurance coverage. Victims realized something was …
Platinum Underwriters Holdings, Ltd. became another casualty of the Florida hurricanes. The Bermuda-based insurer posted a net loss for the period of $69.8 million, or $1.62 per common share, as its GAAP combined ratio ballooned to 124.8 percent. The company …
ACE European Group Limited, the cornerstone of ACE’s London Market and European business, announced that it has received regulatory approval to transfer its Belgian based business into the U.K.-based company. “From January 1, 20051, 2005, the combined business is anticipated …
Despite an estimated 550 million euros ($711 million) in hurricane related claims, Munich Re, the world’s largest reinsurer, seems to have weathered the storm(s). The company announced third quarter profits of 365 million euros ($472 million) and $1.5 billion euros …
Bermuda’s XL Capital Ltd. announced plans to sell up to $300 million of senior notes due 2014 and up to $350 million of senior notes due 2024, pursuant to the company’s currently effective shelf registration statement. Standard & Poor’s Rating …
Bermuda-based AXIS Capital Holdings Limited announced that it will realign its organizational structure to enhance the brand and operations of its insurance businesses and its reinsurance businesses globally. In a separate bulletin the company said it has received permission to …
A.M. Best Co. announced that it has assigned a rating of “bbb-” to the forthcoming $18 million of floating rate subordinated notes due 2034 to be issued by the U.K.’s Beazley Group Plc., the non-operating holding company of the Beazley …
Chatsworth, Calif.-based Executive Finance Inc. recently announced a new policy finance program that pays agents a $30 bonus for each policy financed. Agents and brokers have discovered that offering premium financing to clients has been proven to increase retention and …
Robert Campeau Irvine, Calif.-based SullivanCurtisMonroe Insurance Brokerage has appointed Robert M. Campeau as vice president, announced President John Monroe. Campeau specializes in property/casualty insurance for medical device companies. Campeau has more than 30 years of experience in the insurance industry. …
