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

Endurance Q2 Net Income Rises to $149 Million; 1H to $227 Million

Bermuda-based Endurance Specialty Holdings Ltd. reported net income of $149.1 million and $2.42 per diluted common share for the second quarter of 2009, compared to $103.3 million and $1.54 per diluted common share in the second quarter of 2008. For …

Cracknell to Head Aon Marine UK

Aon Risk Services has appointed Mark Cracknell as CEO of Aon Marine in the UK. He leads a team of 80 based in London and other UK regions. Cracknell will be responsible for servicing marine clients both directly and through …

Momentous Insurance Named Top Woman-Owned Business

Momentous Insurance Brokerage Inc. of Van Nuys, Calif., has been ranked the fourth largest woman-owned business in San Fernando Valley, according to employee count by a local business journal. Published annually, the ranking recognizes companies owned or managed by women …

Arizona Passes Law to Verify Auto Insurance

Arizona Gov. Jan Brewer has signed into law a bill designed to reduce the number of uninsured motorists on the road. HB2224 requires that a driver that has a third or subsequent violation within three years for not producing proof …

Associations Partner to Share Educational Programs, Knowledge

The National Association of Professional Surplus Lines Offices (NAPSLO) and the Professional Liability Underwriting Society (PLUS) have collaborated to offer educational opportunities to members of both associations. Under the partnership, NAPSLO member companies and their employees will be offered special …

Chicago-Based Insurance Group Entering U.S. Latin American Market

The Wyncrest Group Inc., a niche insurance consortium based in Chicago, Ill., announced its entrance into the Latin American insurance market in the U.S. The company said its pending acquisition of Florida Insurance Consulting Inc. will provide an avenue for …

Arthur J. Gallagher Reports Q2 Results; Slight Drop in Organic Revenue

Arthur J. Gallagher & Co. reported a slight drop in organic revenue of just 0.3 percent for the second quarter 2009 for its combined insurance brokerage and risk management units. For the quarter ending June 30, 2009, AJG reported $340.1 …

Celebrating 45 Years, Indiana Agency Says it Has Big Growth Plans

Indianapolis, Ind.-based privately held insurance agency MJ Insurance, celebrating 45 years of client service, announced it has ambitious plans for growth and expanding business opportunities throughout the Midwest. MJ Insurance CEO Mike Bill says over the next five years, the …

Earthquake Monitors Placed in North Dakota

North Dakota, known for blizzards and floods, is getting sensors to check for earthquakes as part of a national project listening to what happens underground. The possibility of a big quake damaging the state is remote: Only a handful of …

Louisiana Private Sector Sees Jobs Increases in June

The Louisiana Workforce Commission (LWC) has reported that the number of private sector jobs in Louisiana grew by 700 from May to June, led by increases in most major industry sectors. The job gains were offset largely by a drop …