A.M. Best Co announced that it has placed the financial strength ratings of “A” (Excellent) of the operating companies of the GE Frankona Group under review with negative implications. “This rating action follows the placement of its parent, Employers Reinsurance …
APPEX (Agency Peak Performance EXchange) welcomed three new Western region partners to their membership. Al Purmort, Sr. founded the Al Purmort Insurance Agency in September of 1985 after leaving the Purmort and Martin Agency, which he started from scratch with …
Stephen J. Saporito, COO of Irvine, Calif.-based Millennium Corporate Solutions, announced that Frank L. Marrone has been named managing partner. As a managing partner, Marrone has been entrusted with helping chart Millennium’s path towards the future. “Frank came to MCS …
Starkweather & Shepley Insurance Brokerage, Inc., one of the largest independent insurance agencies in the U.S., has acquired MVI Insurance Group and The Lambert Agency located in Martha’s Vineyard, Mass. Rhode Island-based Starkweather & Shepley has offices in East Providence …
Just days after the state’s attorney general recommended stringent disclosure rules for insurance agents and brokers, Connecticut Gov. M. Jodi Rell has introduced her own bill patterned after the model act designed by the National Association of Insurance Commissioners. The …
If you’ve seen a big yellow advertisement on both insurancejournal.com and claimsguides.com lately and wondered just what the Yellow Pages are, wonder no more. Insurance Journal unveiled the Yellow Pages in the last year as an insurance industry directory allowing …
Bermuda Dunes, Calif.-based Trinity E&S Insurance Services Inc., announced it has expanded its in house contractor’s liability program to include the states of Nevada, Arizona, Oregon and Washington. Coverage is underwritten by an A-VIII carrier. The program, designed for sub …
Peer Analytics Corp. announced that Fiachra (Figs) O’Sullivan has been named Director of Business Development, a new position, at the Walnut Creek, Calif.-based investment consulting firm which focuses exclusively on the insurance industry. Reporting to David Newsom, Founder and Principal …
Philadelphia Consolidated Holding Corp. on Friday reported net income for the quarter ended Dec. 31, 2004 increased 58.0% to $32.4 million ($1.38 diluted and $1.45 basic earnings per share) from $20.5 million ($0.89 diluted and $0.93 basic earnings per share) …
Odyssey Re Holdings Corp. this week reported its fourth quarter and full year 2004 results. Net income amounted to $50.9 million, or $0.74 per common share for the quarter ended Dec. 31, 2004, compared to $47.6 million or $0.69 per …
