Zurich announced that Bill Casey been promoted to the newly created position of senior vice president of regional management of its North America Commercial marketing operations. He will be based at the company’s headquarters in Schaumburg, Ill. and will coordinate …
The Bermuda-based Arch Capital Group Ltd. reported net income for the 2004 fourth quarter of $107.1 million, or $1.45 per share, compared to $83.7 million, or $1.22 per share, for the 2003 fourth quarter. The company indicated that “all per …
Moody’s Investors Service announced that it has affirmed AXA’s debt ratings (senior at A2), as well as the Aa3 insurance financial strength ratings of AXA’s main operating subsidiaries with a stable outlook. The report noted that “the group’s refocusing and …
France’s SCOR Group announced 2004 premium income of 2.528 billion euros ($3.26 billion) at current exchange rates. Figured on the basis of constant exchange rates the total was 2.578 billion euros ($3.32 billion). Following extensive restructuring, the reinsurer’s premium income …
Bermuda-based AXIS Capital Holdings Limited announced that the Company has agreed to repurchase $350 million worth of its common shares, or 12,783,094 common shares, owned by initial investors at the formation of the Company. “These repurchases will be made pursuant …
New York legislators are preparing to inquire about the solvency status of the New York Workers Compensation Security Fund, which, as Insurance Journal reported last week, is nearly broke. The Assembly committees on insurance and labor have called a joint …
The Massachusetts Division of Insurance is questioning data submitted by American International Group to support workers’ compensation rate recommendations in the state. Just two weeks before the Massachusetts Workers Compensation Rating Bureau’s deadline for submitting a filing, state officials have …
Last year, Richard Swoy, chairman of Superior Access Insurance Services Inc. announced that SAIS was changing the way online wholesalers do business with their subscription based business model. Agents and brokers became Subscribers who had real-time access to multiple markets, …
Barney & Barney, San Diego’s largest and oldest privately-held insurance brokerage and risk consulting firm, announced it has been awarded its 11th PAR Excellence Award. Assurex Global, the third largest broker of commercial insurance in the United States, sponsors the …
ESIS Inc., the risk management services arm of ACE USA, announced the appointment of Minh Vu as assistant vice president, Client Services. Based in San Francisco, California. Vu will be responsible for leading the San Francisco and Portland account management …
