Xinhua Finance Limited, China’s foremost financial information and media provider, announced that it has signed an agreement to acquire Beijing Alpha Financial Engineering Company, one of the country’s leading developers of financial engineering and risk management systems. “This acquisition is …
Dublin-based Research and Markets has announced the addition of “Historical Loss Development Study – 2005” to their offering. The bulletin notes that the study “has been produced since 1969 to reinforce awareness of historical loss development patterns in companies writing …
A.M. Best Co. has issued a bulletin, indicating that its ratings on the “Swiss Re Group and its rated entities remain under review with negative implications,” following the publication of the Group’s 2005 earnings results (See IJ Website March 1). …
Ohio-based Bancinsurance Corporation, a specialty property and casualty insurance holding company, released its financial results for the three and twelve months ended December 31, 2005. Highlights for the 2005 fiscal year include the following: – Record net income of $6.3 …
Rep. Bobby Jindal (R-La.) will speak at a luncheon held by the Independent Insurance Agents & Brokers of America (the Big “I”) during its National Legislative Conference & Convention in April. Rep. Jindal, president of the House’s freshman class, will …
DENSO Corporation said it will establish a wholly owned captive insurance company — DENSO Reinsurance America Inc. — for its group companies in March. The initial capital investment for the company will be US$3 million, and the company will be …
Hilb Rogal & Hobbs Company has acquired the operating assets of The Welch Company, an employee benefits firm in Houston, Texas. Terms of the transaction were not disclosed. With 2005 revenues of approximately $900,000, The Welch Company provides employee benefits …
Indiana-based Conseco Inc. recently announced that William Fritts has joined the company as executive vice president, government relations. “Bill’s extensive experience in government relations and the insurance industry will be an important asset to our senior leadership team,” said William …
Springfield, Ill.-based Horace Mann Educators Corporation has released a new portfolio of life insurance products, “Life by Design.” the products are designed specifically for educators and will offer greater choices for protecting families, the company says. The “Life by Design” …
An estimated 500,000 cars were damaged by hurricanes last year. Unfortunately, many of these vehicles have been purchased by dishonest auto dealers, cleaned up and then sold, with their flood damage history illegally hidden, according to the Insurance Information Institute …
