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

Insurance Brokerages rely on Live Transfer Insurance Leads

QuotesAuction.com has found that more and more insurance brokerages are purchasing live transfer leads in bulk. North Hollywood, CA – April 30, 2008 — Insurance brokerages earn money by taking a large number of leads, and turning them into sales. …

Willis Earnings, Conf. Call

Willis Group Holdings Limited will release earnings for the first quarter ending March 31, 2008 after the market closes on Wednesday, April 30, 2008. Copies of the release will be available soon thereafter within the “Investor Relations” section of the …

Ratings Recap: CRM Holdings, Harleysville, Missouri Employers, Illinois State Bar

A.M. Best Co. has placed the financial strength ratings (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of San Francisco-based Majestic Insurance Company and Bermuda-based Twin Bridges under review with negative implications. Best also placed the ICRs …

PartnerRe Q1 Net Drops 24%

Bermuda-based PartnerRe Ltd. reported net income of $129.0 million, or $2.16 per share, for the first quarter of 2008, compared to $169.3 million for Q1 2007, a 24 percent decrease. The income figure includes net realized gains on investments and …

Aon to Handle Unilever’s Global Business

Aon Corporation announced that it has formed a global partnership with Netherlands-based Unilever to serve the needs of its business lines worldwide. “The agreement enables Unilever to approach its buying through the services of Aon’s core strengths — risk management …

Allianz Forecasts $2.8 Billion Q1 Profit

Germany’s Allianz SE said it expects a “solid operating profit” for the first quarter of 2008 of €1.8 billion ($2.8 billion) “despite a difficult market environment.” The Allianz Group expects mark-downs of almost €900 million ($1.4 billion) for the first …

AXIS Q1 Report Shows Profits Up, Operating Earnings Down

Bermuda-based AXIS Capital Holdings Limited reported net income for the first quarter of 2008 available to common shareholders of $238 million, or $1.48 per diluted common share, compared with net income of $228 million, or $1.37 per diluted common share, …

Florida Regulator Holds Public Hearing on New Reinsurance Rules

The Florida Office of Insurance Regulation held a public hearing to ask for input on a draft rule that would implement 2007 legislation giving the insurance commissioner discretion to allow unaccredited reinsurance companies to conduct business in Florida – without …

Alfa Insurance Offers Rewards in String of Alabama Copper Theft

As the theft of copper wiring and other valuable metals is growing, particularly throughout rural communities, Alabama-based Alfa Insurance is offering an additional $10,000 reward for information leading to a conviction of copper theft from poultry houses, farm irrigation systems …

Missouri Company Agrees to $18 Million Payout in Fatal Accident

A trucking company has agreed to pay $18 million to settle a lawsuit filed by the families of three women killed in a June 2006 crash. The parent company of Pro Logistics Inc. and two of its subsidiaries agreed to …