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

ACE Europe Names Bartolo to Manchester Environmental Risk Post

The ACE European group has appointed Emma Bartolo as Environmental Risk Underwriter in Manchester, in a move that enhances its regional specialty lines underwriting capabilities. She “will be responsible for driving environmental liability business growth through the development of key …

Gribben Named to Direct Willis Global Sales Team

Willis Group Holdings announced from New York that Allan Gribben, CEO of Willis International, has been appointed Global Sales & Marketing Director. His mandate “includes responsibility for the ‘Client and Growth’ initiative, part of Shaping our Future, Willis’ strategy for …

Swiss Re to Acquire Barclay’s Run-off Life Business for $1.47 Billion

Swiss Re has agreed to acquire Barclays Life Assurance Company Ltd. for £753 million ($1.472 billion). “The transaction will provide further scale and infrastructure for Swiss Re’s Admin Re® business in the United Kingdom and underlines Swiss Re’s role as …

Louis A. Williams & Associates Promotes Chris Burke to President

Louis A. Williams & Associates, one of the oldest active managing general agencies in Texas, promoted Chris A. Burke to president of the firm effective July 29, 2008. He succeeds his father, Billy R. Burke in this role. Chris Burke …

Meadowbrook Insurance, ProCentury Corporation Close Merger

Meadowbrook Insurance Group, Inc., a specialty property and casualty insurance holding company based in Southfield, Michigan, announced today that the merger of ProCentury Corporation, a Columbus, Ohio-based specialty property and casualty insurance holding company has been finalized and closed. Meadowbrook’s …

GAO: Flood Program Lacks Funds to Face Future

The National Flood Insurance Program owes the federal Treasury more than $17 billion from hurricane-related losses and has been unable to set aside enough money to meet catastrophic losses that could arise in the future, congressional investigators said in a …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Personal Umbrella – Hard-To-Place Clients Market Detail: International Excess Agency Inc. offers several specialized personal …

U.S. P/C Insurers’ Catastrophe Losses for Q2 Double to $6 Billion

Total of 16 Cats Generate More Than 1.2 Million Claims; Average Claim Nearly $5,000 U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $6.025 billion for second quarter property losses resulting from a total of 16 catastrophes …

A Philosophy – and Practice – of Sharing

Shows How Sharing Success With Producers Keeps the Agency and Its Clients Happy Top 100 Agency Profile Ranking: No. 8 Insurance Office of America Headquarters: Longwood, Fla. Year Founded: 1988 Additional Locations: 22 branch offices 2007 Total P/C Premium Volume: …

The Complete Condo Package, Part 1

Fitting the Pieces Together for a Comprehensive Association or Unit Owners’ Coverage Picture Completing the condominium insurance picture necessitates jigsaw puzzle tenacity. Quite a few pieces must be snapped together to assure a proper insurance picture. Any missing information can …