U.S.I. Holdings Corporation announced it has completed negotiations on a definitive agreement to acquire Dallas, Texas-based Summit Global Partners. The closing of the SGP acquisition, which is subject to customary closing conditions, is expected at the beginning of February 2005. …
The Massachusetts Bankers Association (MBA) on Thursday announced that the U.S. District Court has issued a favorable opinion in its declaratory judgment action, resolving a critical case for banks that want to engage in insurance sales, reportedly enhancing options for …
John Delaney, president of the University of North Florida in Jacksonville has been named to the board of directors of National Grange Mutual Insurance Co. Delaney became the fifth UNF president in 2003. Before becoming UNF president, Delaney served two …
Standard & Poor’s Ratings Services has published its biannual report card covering the world’s largest reinsurers. According to the report, reinsurers have held their resolve and have kept price cuts to sensible levels at the Jan. 1 renewal. But it …
Reinsurance Group of America, a reading life reinsurer, announced that it has received approval from the China Insurance Regulatory Commission to open a representative office in China, its eighth location in the Asia Pacific region. “We are very pleased to …
California isn’t alone in trying to cope with deadly weather. Northern Europe has been lashed by the most powerful storm to hit the continent since Lothar and Martin ravaged France, Switzerland and Germany in 1999. This time, due to a …
One of the nation’s largest independent wholesalers will be among the sponsors when Insurance Journal kicks off its “How to Write” online video seminars on Thursday, Jan. 20. Chicago-based AVRECO (www.avreco.com), founded in 1962, specializes in niche business, including med-mal …
The INSCO DICO Group Teams Up With Three Major Reinsurers For Additional Subdivision Bond Capacity To Serve The Larger Builder/Developer Market The Insco Dico Group, a leading writer of surety bonds, has announced the acquisition of additional reinsurance capacity that …
Philadelphia Consolidated Holding Corp. on Wednesday announced that its personal lines division, Liberty American Insurance Group, has resumed accepting new insurance applications for its homeowners, condominium and rental dwelling products. Liberty American Insurance Group suspended accepting all new business applications …
The city of Lodi, California, announced it’s suing the attorney responsible for a plan to clean up the town’s soil and water which instead left residents with millions in legal fees and groundwater that is still undrinkable. City officials said …
