Standard & Poor’s Ratings Services indicated that its ratings on France’s AXA Group, including Winterthur Swiss, and Australia’s QBE won’t be affected by the sale of Winterthur’s US-based business to QBE (See related article). Concerning AXA and its core subsidiaries, …
In separate announcements, Australia’s QBE Group and France’s AXA SA said they have reached an agreement for QBE to acquire Winterthur’s US operations, principally General Casualty and Unigard, for US$1.156 billion (€883 million). As part of the deal Winterthur US …
James V. Rosati, a banking and investment executive and current chairman of the R.I. Airport Corp., has been selected to serve as president and chief executive officer of Beacon Mutual Insurance Co., Rhode Island’s largest workers’ compensation writer. The naming …
Vermont Governor Jim Douglas has appointed Paulette Thabault as the Commissioner of the Department of Banking, Insurance, Securities and Health Care Administration (BISHCA). Thabault steps into the position upon the retirement of John Crowley, who has served as BISHCA commissioner …
David McKinney, chief executive officer and chairman at J. Rolfe Davis Insurance of Maitland, Fla. named John A. Turner as the company’s new president. Turner served as vice president at J. Rolfe Davis during the year immediately preceding this appointment. …
A coalition of Florida business groups has unveiled a set of principles and interim policy recommendations aimed at restoring a competitive private insurance market in Florida. The coalition’s principles include an admonition to policymakers to be truthful with the public …
State Auto Insurance Cos. recently announced the appointment of Charles E. McShane Jr. as eastern zone vice president of State Auto Middle Market Insurance (SAMMI). McShane will head the eastern zone office, based in Baltimore, Md. McShane’s 30-year insurance career …
Forbes magazine has ranked Philadelphia Consolidated Holding Corp. as #74 on its Platinum 400 list of America’s Best Big Companies as published in the Dec. 21, 2006 issue. Philadelphia Consolidated (PHLY) was among over 1,000 corporations that were evaluated for …
Geico ads to greet NJ commuters on George Washington Bridge Received by Newsfinder from AP Jan 3, 2007 20:27 Eastern Time Thousands of New Jersey motorists will drive past the Geico gecko next week on their way to New York …
On Monday, January 8, the Consumer Federation of America says it will release new data demonstrating that “auto and home insurers dramatically increased profits and surplus in recent years, in part by systematically overcharging for insurance and by shifting costs …
