Monthly Archives: <span>May 2009</span>

Aon Q1 Revenue Drops 3%; Commissions, Fees Up 1%

Aon’s first quarter revenue fell 3 percent to $1.9 billion due to a 10 percent decline from foreign currency translation and a 44 percent decline in investment income, the company report. The decline in revenue was partially offset by a …

Kentucky Offers Regional Vehicular Homicide Training

Kentucky Attorney General Jack Conway announced that his office will train police officers and local prosecutors on the effective prosecution of vehicular homicide cases. Robert Stokes, the Commonwealth’s Traffic Safety Resource Prosecutor, will present the training May 4 through May …

Ratings Recap: Endurance, CRC Re

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Endurance Specialty Insurance Ltd. and its affiliates. Best also affirmed the ICR of “bbb” and the debt ratings of …

Heavy Rain Causing Missouri Flooding

Residents in several river towns in Missouri are anxiously watching the weather over the next few days, now that recent rains have already caused minor to moderate flooding. Parts of northeast and central Missouri got up to 3 inches of …

Schwab Named Chairman of MetLife Auto & Home Panel

Colleyville, Texas, resident Sam Schwab, agency principal of The Schwab Agency, has been selected as chairman to MetLife Auto & Home’s National Advisory Panel. MetLife Auto & Home’s National Advisory Panel serves as a communication link between the company’s senior …

Former Gen Re Exec Gets 1-Year Sentence

A former executive at General Re Corp. has been sentenced to a year in prison for his role in a scheme to artificially inflate the stock price of American International Group. Robert D. Graham, 61, was sentenced yesterday by a …

Travelers’ Earnings Fall; Premiums Up Slightly; Combined Ratio at 90.6%

The Travelers Companies, Inc. net income for the first quarter of 2009 fell more than 30 percent to $662 million, for the quarter ended March 31, 2009, compared to $967 million, for the quarter ended March 31, 2008. Operating income …

2 More Kansas Storm Deaths Reported

Two people were found dead in a southeast Kansas creek this week, bringing to five the number of deaths blamed on violent storms since the weekend. The state Division of Emergency Management said Labette County sheriff’s deputies found the bodies …

Grogan to lead Marsh’s UK, Ireland Middle Market Business

Marsh has appointed Joe Grogan to lead its Middle Market business in the UK and Ireland. In addition to these responsibilities, he will also retain leadership of Marsh’s operations in the Republic of Ireland, where he has been CEO since …

Argo Names Enoizi as Heritage CEO

Argo Group International Holdings announced that Julian Enoizi has been appointed as CEO of Heritage Managing Agency Ltd., the Lloyd’s business Argo Group acquired in May 2008. Enoizi will join Heritage from CNA Financial where he was president and CEO …