Guy Carpenter & Company Inc., the leading global risk and reinsurance specialist and a part of the Marsh & McLennan Companies, announced the appointment of Ray Carless as Executive Chairman of its Australia, New Zealand and Pacific operations, Guy Carpenter …
Southfield, Mich.-based North Pointe Holdings Corporation reported financial results for the fourth quarter ending December 31, 2005. Fourth quarter results include pre-tax expenses attributable to hurricane losses and related reinstatement charges of $9.4 million and $607,000 of charges due to …
The insurance industry is turning more frequently to catastrophe bonds, according to an article titled “Catastrophe Bonds: Assessing A Risky Business,” which was published by Standard & Poor’s Ratings Services. “In moderation, cat bonds can be an effective tool for …
XL Re Life has acquired Servus Life Insurance Company, expanding its U.S. life reinsurance market. Servus Life will be renamed XL Re Life America Inc. following state regulatory approvals. XL Re Life America Inc. will offer reinsurance capacity for individual …
Zurich Financial Services’ Board of Directors has extended the contact of the group’s CEO James J. Schiro to December 2009. “We are pleased that James Schiro has agreed to extend his tenure,” said Manfred Gentz, Zurich’s Chairman of Board. “Now …
The Coalition Against Insurance Fraud is reporting that the Kansas and Missouri legislatures are considering proposals that would require insurers to report suspected frauds and allow the insurance department to issue cease-and-desist orders more quickly. The Kansas House recently approved …
Will Weston IV has been nominated to the Independent Insurance Agents of Georgia’s executive committee. According to Kay Wimberly, immediate past president, the nomination took place at the March board of director’s meeting. If approved by members during IIAG’s annual …
The Independent Insurance Agents & Brokers of America (the Big “I”) said it will support a bill marked up late Thursday in the House Financial Services Committee that would establish national standards on data security. The bipartisan bill, H.R. 3997, …
Quality Planning Corp., has appointed of Beth Olson assistant vice president of global services and strategic partnerships. She will be based in the San Francisco head office and will report to Mike Hallenberger, vice president of sales and marketing. Olson …
Trinity E&S Insurance Services, Bermuda Dunes, Calif., has named John F. Coe vice president brokerage and branch manager for the Petaluma, Calif. office. He will be responsible to growing the Northern California office and for supervising binding contract and brokerage …
