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

Fernandez Promoted by AmWINS Georgia

Rich Fernandez of wholesaler AmWINS Brokerage of Georgia has been promoted to senior vice president. Fernandez has been with AmWINS for three years, and is a member of AmWINS’ Financial Risk Group where he serves as the practice’s Financial Institution …

S&P Report Says Oman Insurance Market Still Strong After 2007 Losses

In its latest report on the insurance market in the Sultanate of Oman, Standard & Poor’s Ratings Services says that despite the heavy losses from Cyclone Gonu in 2007, the sector has much to commend it. “Oman has developed a …

Willis Launches So. Africa M&A Practice

Willis Group Holdings has launched a new Mergers & Acquisitions (M&A) Practice in South Africa “to serve the insurance brokerage and risk management needs of the burgeoning private equity sector and local corporate clients,” the company announced. Willis explained: “South …

French Insurers Scor, CNP Post Higher Profits

French insurance companies Scor and CNP posted higher first-half earnings on Wednesday after managing to ride out the credit crisis in the global financial markets. Scor, the world’s fifth-biggest reinsurer, said first-half net profit rose 24 percent from last year …

Gustav Weakens over Haiti

Gustav has weakened to tropical storm strength as it passes over western Haiti, reported Miami’s National Hurricane Center. However, the Jamaican government has issued a tropical storm warning for the island and a hurricane watch. A hurricane warning also “remains …

Governor Culver: Rebuild Iowa Office to Remain Open Indefinitely

The newly formed Rebuild Iowa Office which is responding to recent natural disasters around the state will remain open indefinitely, said Iowa Gov. Chet Culver. He said it’s “very likely” that the office will have a permanent presence not only …

North Dakota Attorney General Says Workers’ Comp Meeting Illegal

North Dakota Attorney General Wayne Stenehjem says directors of the state’s workers’ compensation agency broke the law by meeting in a restaurant without public notice. Stenehjem ordered the Workforce Safety and Insurance Governance Committee to draft minutes of the illegal …

HCC Elects New Board Chairman, Fills New Board Position

Houston-based HCC Insurance Holdings Inc. has elected Christopher J. B. Williams as chairman of the company’s board of directors. He succeeds J. Robert Dickerson who resigned as chairman for personal reasons, but will continue as a member of the board. …

Texas Environmental Case Against 7 Petrochemical Plants Resolved

Texas Attorney General Greg Abbott announced the resolution of the state’s environmental enforcement action against two Lyondell Chemical Company subsidiaries that operated seven petrochemical plants in Houston and along the Gulf Coast. Under an agreed final judgment proposed by the …

Texas Agent William C. Barmore Passes

Retired Texas independent insurance agent William C. (Bill) Barmore, Jr., age 81, and a resident of Pasadena, Texas, passed away Aug. 23, 2008. Barmore was born Jan. 6, 1927, in Cameron, Texas, to Cecil and Selma (Klatt) Barmore. He graduated …