Bermuda-based Quanta Capital Holdings Ltd., which provides specialty insurance, reinsurance and risk consulting services through its subsidiaries, announced the opening of a London insurance branch following the receipt, by its subsidiary Quanta Europe Ltd, of approval from the Financial Services …
Ck Specialty Insurance Associates Inc., a surplus line broker and managing general agent, has expanded operations into Oregon with a new office in Sherwood, just south of Portland in Washington County. Ck Specialty offers various markets that allow for the …
M.E. James Surplus Lines Ins. Agency has a general liability program for commercial and residential roofing contractors. The coverage is a Limited Claims-Made form offering up to five years prior acts coverage and up to a 15 year supplemental extended …
Timothy Chaix, president of Irvine, Calif.-based R.E.Chaix & Associates announced recently that Gloria McShane, vice president has been promoted as the new manager of the professional liability department. McShane has been with the Chaix organization for more than eight years. …
The decisions of two of the largest insurance brokers to sell off their wholesale divisions is a reaction to the Spitzer investigations and could be a sign of more to come, according to insurance merger specialists. “This is absolutely defensive,” …
Gary Gibboney has joined the Independent Mitigation and Cleaning/Conservation (IMACC) network at its Indianapolis office. In his new position, Gibboney will be responsible for expanding IMACC membership, while he works directly with IMACC members in the development of IMACC services. …
Des Moines, Iowa-based EMC Insurance Group Inc. reported that the company’s statutory combined trade ratio for 2004 was 104.2 percent thanks to adverse development on prior years’ reserves totaling about $15.4 million for the fourth quarter of 2004. This adverse …
The North American unit of Zurich, one of the nation’s largest commercial property/casualty insurance providers, announced the promotion of Bill Casey to senior vice president of regional management of its North America commercial marketing operations. In this newly created position, …
The chairwoman of a state Senate oversight committee has requested an audit of a $600 million settlement between the state insurance department and defendants accused of fraudulently acquiring the assets of the now-defunct insurer Executive Life, a group of policyholders …
Officials in the Department of Homeland Security have introduced a proposal to mitigate losses from a future terrorist attack by establishing corporate security standards, or “best practices,” that will help protect American businesses from terrorism. However the Property Casualty Insurers …
