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

Sky Financial Appoints Gulas as President and CEO

Sky Financial Group Inc. announced the appointment of John S. Gulas as president and CEO of Sky Trust N.A. Additionally, Gulas will be responsible for Sky’s wealth management business, which include Sky Trust, Sky Retirement Services, Sky Investments and private …

NICB ‘Hot Spots Report’ Shows Car Theft Decreased in Most of Southeast

Across the Southeast’s major metropolitan areas auto theft deceased dramatically in 2004, accompanied by a slight drop in auto theft nationally, according to the National Insurance Crime Bureau’s annual Hot Spots Report for 2004. These statistics should reflect positively on …

Trial Date Set for R.I. Nightclub Owners Over Workers’ Comp Payments

The owners of a Rhode Island nightclub where 100 people were killed in a 2003 fire are scheduled to go to trial Sept. 30 to determine whether they are able to pay tens of thousands of dollars to the families …

Swiss Re Posts $1.074 Billion 1st Half Net; Premiums Written Fall 4%

Swiss Re announced group net income of CHF 1.353 billion ($1.074 billion) for the first half of 2005, a 6 percent decline, compared to the CHF 1.441 billion ($1.144 billion) it earned in the same period of 2004. The world’s …

Swiss Re Names Aigrain to Succeed Coomber as CEO

Concurrently with its 1st half earnings release (See related article), Swiss Re’s Board of Directors announced that Jacques Aigrain, currently Deputy CEO, has been appointed to succeed John Coomber, who will retire effective December 31 2005. Coomber will stand for …

Allied World Announces Three Management Changes

Allied World Assurance Company, Ltd. [AWAC] has announced the following management changes: — Daniel Brandon has been promoted to the position of senior vice president, Professional-Specialty Lines Treaty Reinsurance — Mike McCrimmon has been promoted to the position of senior …

Typhoon Mawar Nears Japan

Typhoon Mawar is reported to be nearing Japan’s main island of Honshu. It is currently a category 2 storm with sustained winds of 105 mph (168 kph). Mawar’s path has been erratic and it’s still unclear whether or not it …

Endurance Names Silverstein New Chief Investment Officer

Bermuda-based Endurance Specialty Holdings Ltd., a global provider of property and casualty insurance and reinsurance, announced that Mark Silverstein has joined Endurance Services Limited as the company’s new Chief Investment Officer. He has 19 years of professional experience in investments, …

Lemac Adds New Residential Construction Market

William Newton, president of Los Angeles-based Lemac & Associates announced that they have added a new market for residential contractors in California. With a Best’s rating of “A” VIII and a minimum premium of $25,000, this non-admitted market is priced …

CDI to Introduce Third Revision of Broker Fiduciary Regs, Says Alliance

Although yet to be unveiled, it appears the California Department of Insurance will be introducing the third iteration of its broker fiduciary responsibility regulations. American Agents Alliance Executive Director Ken Nigohosian said, “The Alliance has been working in tandem with …