Republican Gov. Mitch Daniels has named the acting commissioner of the Indiana Department of Insurance, Jim Atterholt, as commissioner. Atterholt, who has led the insurance department in an acting capacity since Jan. 10, is the new commissioner. Atterholt was a …
A substitute workers’ compensation reform bill moving its way through the Senate includes several elements that employers and insurers believe will help reduce the costs of the system. The House Committee on Workforce Development and Workforce Safety’s substitute for Senate …
Columbus, Ohio-based specialty property/casualty insurance holding company ProCentury Corp. reported income from continuing operations of $13.7 million for 2004, or $1.29 per diluted share. The company also reported a combined ratio of 91.8 percent for 2004 and book value per …
ACE USA, the U.S.-based retail operating division of The ACE Group of Companies, announced that its ACE Environmental Risk unit has launched a web-based underwriting facility that enables brokers to access Contractors Pollution Liability Coverage (CPL), www.aceecpl.com. The new ACE …
Lockton Companies, the nation’s largest independently owned insurance broker, has appointed Douglas E. Holm to the post of vice president, Commercial Insurance Division. He will be based in Lockton’s San Francisco office. Holm has worked in the insurance industry for …
Georgia Insurance Commissioner John Oxendine announced Tuesday that he has issued a cease and desist order against Phoenix Brokerage Inc. and Main Street Brokerage Inc., both located in Barnesville, and arrested one of the owners for allegedly selling bogus commercial …
Insurance Bureau of Canada (IBC) recently announced estimated 2004 financial results for Canada’s home, auto and business insurance companies. Industry data indicate that in 2004, the industry’s 206 companies posted combined net earnings of $4.2 billion. The industry also paid …
William Blair & Company has initiated research coverage of Specialty Underwriters’ Alliance Inc., a start-up commercial property/casualty underwriter based in Chicago, focused on the specialty program business market, with an Outperform rating and company profile of Aggressive Growth. Analyst Mark …
Tony McIntyre, CEO and president of New Jersey-based The McIntyre Group, announced his firm’s strong performance for the fiscal year ending, Dec. 31, 2004. McIntyre stated that the insurance brokerage, had “increased their revenue base by 100% for the year …
QBE announced on Tuesday it had agreed to acquire Greenhill Underwriting Group, subject to regulatory approval, to enhance its strength and profile in the continental European market. Greenhill is a UK-based underwriting agency with offices in Paris, Dusseldorf and Madrid …
