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

New Wholesaler Launched in Southern Calif.

Kari Ogden, Robin Robb and Joe Rowland announced the opening of TB&C Wholesale Brokerage, which will offer excess and surplus line products and services in offices located in Pasadena and Orange County, Calif. Ogden and Robb will head the office …

SECURA Promotes 3 at Annual Meeting

Appleton, Wis.-based mutual SECURA Insurance Cos. promoted three senior executives at its recent annual meeting. Vice president of finance and SECURA officer Kathryn Sieman was promoted to senior vice president of finance. Sieman has served as the vice president of …

Auto Insurance Verification Bill Passed by Texas Senate

Senate Bill 1670, which addresses the problem of uninsured drivers in Texas, was passed by the state Senate. The bill by Sen. Todd Staples, R-Palestine, calls for a $1 fee on motor vehicle license renewals to pay for an insurance …

Texas Senate Passes Asbestos Bill

The Texas State Senate reported that after 10 years of searching for a balanced, bipartisan solution to the increasing number of asbestos lawsuits clogging the state’s courts, it has unanimously passed a measure that proposes to reduce the number of …

Turning Politics into Green for Favored ‘Blue’ Insurers

A San Francisco-based nonprofit group that wants more consumers to support businesses that back liberal and “blue” state politics has added Progressive Insurance Co. to its preferred providers list. The group, www.buyblue.org, is selling the notion that citizens who favor …

PMA Group Names Spina as VP

The PMA Insurance Group, a property and casualty insurer in Blue Bell, Pa., specializing in workers’ compensation, has promoted Mario Spina vice president of direct sales. Spina is responsible for managing PMA Direct, a sales and service team that interacts …

York Insurance Parent Bexil Receives Delisting Notice from American Stock Exchange Over Late Filing

Bexil Corporation (Amex: BXL) confirmed that it received a notice of failure to satisfy a continued listing standard from the American Stock Exchange on April 20, 2005 relating to its obligation to file a Form 10-KSB for the fiscal year …

Henrikson to Succeed Benmosche as MetLife CEO

MetLife Inc. said that its board unanimously chose C. Robert Henrikson to succeed Chairman and Chief Executive Robert H. Benmosche, who will retire next spring. Henrikson, 57, was appointed president and chief operating officer in June. The 33-year MetLife veteran …

Harleysville Elects Directors; Names Chandler as CFO

The shareholders of Harleysville Group Inc. and the policyholders of Harleysville Mutual Insurance Company, the owner of 56 percent of the shares of Harleysville Group, have re-elected three members to each of their respective boards of directors, and announced the …

Willis reports $76 Million Drop in Q1 Net; Announces $300 Million Share Buyback

Global insurance broker, Willis Group Holdings Limited, reported that net income in the quarter ended March 31, 2005 was $72 million, or $0.43 per diluted share, compared with $148 million, or $0.87 per diluted share, a year ago, a $76 …