The Singapore-based Whittington Group announced that it has completed the sale of Americas Insurance Company, its non-core US insurer in run-off, to ISG Acquisition II LLC, the specialist acquisition arm of Independent Services Group (ISG) for an undisclosed sum. Whittington …
The Bermuda-based Catlin Group Limited posted mixed financial results for the first half of 2008. While gross written premiums were up four percent to $2.075 billion, net income before taxes for the period declined by 21 percent from $190.25 million …
The Bermuda Monetary Authority (BMA – www.bma.bm) has announced what it describes “significant enhancements to Bermuda’s solvency and disclosure regulations for insurance.” Specifically the BMA said the changes “will help ensure that Bermuda “achieves recognition as having equivalent regulatory standards …
Bermuda-based Allied World Assurance Company Holdings reported net income of $79.2 million, or $1.56 per diluted share, for the second quarter of 2008, compared to net income of $123.3 million, or $1.96 per diluted share, for the second quarter of …
Idaho Insurance Director Bill Deal is urging Idahoans to review their insurance policies to make sure they are properly protected for summer outdoor activities. “Boats, motorcycles and backyard pools are fun, but they are also an added liability, Deal said. …
Washington Insurance Commissioner Mike Kreidler warns anyone planning a golf tournament in Washington state not to buy hole in one insurance from Golf Marketing. Golf Marketing is not licensed to sell insurance in Washington and has a track record of …
New Mexico Gov. Bill Richardson is proposing $3.6 million in state aid to help the Ruidoso area recover from massive flooding in July. Richardson announced the proposed emergency relief package during a trip to Ruidoso and the Ruidoso Downs horse …
Qwest Communications International Inc. has agreed to pay an extra $40 million to settle a class-action securities fraud lawsuit filed by shareholders, according to a regulatory filing. In addition, former Qwest CEO Joe Nacchio and former Chief Financial Officer Robert …
Federal authorities last month assured consumers that a meat plant linked to nearly 50 illnesses caused by tainted ground beef had made enough changes after a recall to ensure that its products were safe. Less than a month later, the …
A Columbus, Ohio insurance agent accused of unfair business practices has agreed to pay $372,500 to a school district as part of a settlement. The Ohio Department of Insurance had accused agent Fritz Neuhart and his brokerage two years ago …
