The Austin chapter of the Association of Information Technology Professionals (AITP) has named Bill McLellan as Chief Information Officer (CIO) of the Year. McLellan is the senior vice president of Texas Mutual Insurance Company’s information technology division. “We are very …
Ohio Casualty Corp. (Nasdaq:OCAS) announced the following results for its third quarter ended Sept. 30, 2004, compared with the same period of the prior year: — Net income of $19.6 million, or $0.31 per diluted share, versus $17.2 million, or …
According to an analysis conducted by AIR Worldwide (AIR), a risk modeling company, the 2004 hurricane season should not be considered rare. The analysis, based on the AIR hurricane model, revealed that insurers should expect to see four hurricanes make …
Democrat Matthew P. Denn, former legal counsel to Gov. Ruth Ann Minner, caught 53 percent of the vote to win the insurance commissioner’s race over Rep. David Ennis, (R-Wilmington), who garnered 47 percent. Denn served as Minner’s counsel from 2001 …
Aspen Insurance Holdings Limited became the latest Bermuda-based insurer to report negative earnings in the third quarter when it announced a net loss of $43 million, or 62 cents per diluted share, for the three months ended September 30, 2004. …
Bermuda’s Allied World Assurance Holdings, Ltd reported a net loss of $64.7 million for the third quarter 2004, compared to net income of $71.6 million for the third quarter last year. Allied World, one of the new companies established on …
Guy Carpenter & Company, Inc., the global risk and reinsurance specialist of the Marsh & McLennan Companies, announced the appointment of George Carrington as Senior Vice President in Guy Carpenter’s U.K. Casualty Specialty Practice. “With his specialized knowledge and depth …
A.M. Best Co. announced that it has affirmed the U.K.’s Hiscox Insurance Company Limited’s financial strength rating (FSR) of “A-” (Excellent), and has assigned an issuer credit rating (ICR) of “a-” to the company. Best has also assigned an ICR …
Hub International Limited announced that its Canadian life and financial services wholesale brokerage, Hub Financial, Inc., has acquired TILCO Financial Services Ltd. of Victoria, British Columbia. Terms of the cash transaction were not disclosed. “TILCO has been a major client …
ACE European Group announced from London that it has appointed Edward Levin as Executive Vice President, Accident & Health and Personal Lines. He joins ACE from Citigroup Insurance in London, where he was responsible for the development and growth of …
