Monthly Archives: <span>April 2005</span>

Nail Joins Lawson-Hawks Insurance

Lawson-Hawks Insurance Associates has hired Josh M. Nail as vice president of its employee benefits division. He will be responsible for coordinating clients’ overall benefit strategies in accordance with their specific financial and business goals. Nail has over eight years …

Max Re Capital Notes Director Resignation

Max Re Capital Ltd. announced the resignation of John Marion from its Board of Directors. Marion, president and managing director of Western General Insurance Ltd. has been a director of the company since November 2002. Robert Cooney, chairman, president and …

Inventum Unveils New Techniques for Identifying Unreported Workers’ Comp and General Liability Exposures

Ft. Lauderdale – Inventum’s innovative Predictive Exposure Modeling®, pat. pending service has been enhanced to offer improved results to a wider array of workers’ compensation and general liability insurance carriers. Inventum developed Predictive Exposure Modeling in 2004 to help insurance …

Willis Group Reports Results from Stockholder Meeting

Joe Plumeri, chairman and CEO of Willis Group Holdings Ltd., outlined the corporation’s progress through 2004, reflected on sweeping transformations taking place in the global insurance industry and the company’s platform for growth at the Annual Meeting of Shareholders which …

Ebix Inc.’s Revenues Rose 50 Percent in Q1

Atlanta-based Ebix Inc., an international developer and supplier of software and e-commerce solutions to the insurance industry, has reported financial results for the first quarter ended March 31, 2005. For the quarter, Ebix’s total revenue rose 50 percent to $5.9 …

Fla. DOI Sets June 1 Hearing for Sirius Intl. Case

A June 1 hearing date has been set for a reinsurance unit of Bermuda-based White Mountains to meet with Florida regulators following allegations the unit was selling insurance in the state without a license. According to The Royal Gazette, published …

Ethics Today, Charity Motorcycle Rally Kick-off AAMGA Annual Meeting in Orlando

A day-long presentation and discussion about Ethics in Today’s Insurance Environment, sponsored by the R. Max Williamson Chair of Insurance and Business Ethics, kicked-off the American Association of Managing General Agents April 30 to May 5, 79th Annual Meeting at …

PIFC: Garamendi’s Proposed Homeowner Regs Flawed

There is not one statute in the entire Insurance Code of California that authorizes the insurance commissioner to adopt a proposed set of homeowners’ insurance regulations submitted to the Office of Administrative Law on April 26, according to The Personal …

ISO: Insurers to Pay Policyholders $2.1 Billion for Q1 Catastrophe Losses

U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $2.1 billion for insured property-loss claims from eight catastrophes in the first quarter, according to preliminary estimates by ISO’s Property Claim Services (PCS) unit. This year’s total first-quarter …

Best Affirms Ratings of PXRE

A.M. Best Co. has affirmed the financial strength rating of A (Excellent) and the issuer credit ratings of “a” of the reinsurance subsidiaries of the PXRE Group Ltd. (PXRE) (Bermuda). PXRE’s reinsurance subsidiaries are comprised of PXRE Reinsurance Company (Hartford, …