Monthly Archives: <span>February 2008</span>

Lloyd’s Market Reform Group Sees End of Paper Processing

The slipcases at Lloyd’s are slowly going the way of the buggy whip. In a recent announcement the Market Reform Group (MRG) published details of the arrangements which, it said, “will see the end of paper processing for accounting and …

Swiss Re Registers as Admitted Brazilian Reinsurer

Swiss Re announced that it will become an admitted reinsurer in Brazil with a representative office in São Paulo. The world’s largest reinsurer joins Lloyd’s and Munich Re in accessing the Brazilian market following regulatory changes that did away with …

Lloyd’s Poll Finds Financial Instability is Main 2008 Risk

According to a recently conducted survey of 138 underwriters, Lloyd’s found that the instability of global financial markets is the single factor that will have the most impact on the insurance industry during 2008. Lloyd’s annual underwriters survey asked the …

W. Va.: Putnam County Man Pleads Guilty to Insurance Fraud

A Putnam County, W. Va. man pleaded guilty to one felony count of insurance fraud for his involvement in disposing of his wife’s minivan by pushing it over a hill on Poplar Fork Road in January of 2007 according to …

Bird Joins Midlands Management as EVP, Chief Operating Officer

Midlands Management Corporation announced that Richard Jonathan Bird has joined the company as executive vice president and chief operating officer. Bird reports to Midlands’ President and Chief Executive Officer Charles C. Caldwell and is assisting in leading all aspects of …

Arthur J. Gallagher Acquires Houston-based Leicht General Agency

Ill.-based Arthur J. Gallagher & Co. announced that its subsidiary, Risk Placement Services Inc., acquired Leicht General Agency, headquartered in Houston. Terms of the transaction were not disclosed. Established in 1992, Leicht General Agency is a wholesale insurance broker and …

Arrowhead Announces Senior Executive’s Retirement

San Diego, CA, 02/20/2008 – ARROWHEAD General Insurance Agency, Inc. announced today that Richard S. Rohde, president of Arrowhead’s Commercial Auto, Specialty Contractors and Surety Programs, is retiring from the company effective June 30, 2008. The company had previously appointed …

CDC to Hold Public Meetings in La. to Discuss Trailer Issues

The Centers for Disease Control and Prevention plan to hold seven public meetings in south Louisiana to talk with residents about the findings of dangerous levels of formaldehyde fumes in many occupied FEMA trailers. The CDC said fumes from 519 …

Regulators Approve Texas Mutual Network Expansion

The Texas Department of Insurance has approved Texas Mutual Insurance Company’s request to expand its workers’ compensation health care network service area, the Austin-based insurer announced. This latest expansion includes counties in the Lubbock and San Antonio areas. The expansion …

Who’s Worth What in the Independent Agency System?

Insurance Journal is polling insurance agents and brokers nationwide in its annual quest to find out who’s worth what in the independent agency system. Nearly 1,000 agencies nationwide have already responded to IJ’s exclusive Agency Salary Survey. The survey results …