Independent retail insurance broker Alper Services LLC, headquartered in Chicago, has added Art Cerda and Jennifer L. Henderson. Cerda was hired as an account manager and joins Alper Services LLC with several years of experience as a commercial lines account …
Louisiana Insurance Commissioner Donelon reported that motor vehicle theft rates are on the decline in Louisiana. Motor vehicle theft rates declined in 2009 over 2008 by 16.8 percent in four of Louisiana’s largest metropolitan areas according to 2009 preliminary data …
Coral Gables, Florida-based insurance agency MDW Insurance Group has acquired Genesis Risk Advisors. Terms were not disclosed. The founders of Genesis Risk Advisors — Gary Farbish, Craig Weinstein, and Charles Goldman– will join MDW and lead its expansion into Broward …
Bermuda-based Arch Capital Group reported net income available to common shareholders for the 2010 second quarter of $237.0 million, or $4.45 per share, compared to $152.1 million, or $2.43 per share, for the 2009 second quarter. The Company also reported …
Bermuda-based Montpelier Re Holdings Ltd., which specializes in short-tail reinsurance and other specialty lines, reported financial results for the second quarter ended June 30, 2010. Fully converted book value per share was $22.31 at June 30, 2010, an increase of …
Two people have been indicted on charges they stole nearly $1 million from insurer Aflac Inc. by filing false insurance claims from 2007 to 2009. The Columbus Ledger-Enquirer reports that federal prosecutors are accusing former Aflac employee Danielle Mahone and …
Pit bull owners in the city of Brandon have two months to obtain permits that require a special pen for the dogs and liability insurance. Meanwhile, Flowood residents who own pit bulls have one month to obtain the permits. The …
A.M. Best Co. has assigned a financial strength rating of ‘A’ (Excellent) and issuer credit ratings of “a” to China Reinsurance (Group) Corporation (China Re or the Group) and its subsidiaries, China Property & Casualty Reinsurance Company Ltd (CPCR) and …
The CEA (Centre d’Etudes d’Assurance), the European insurance and reinsurance federation, has written to the US House of Representatives to express its concerns over proposals to change the US tax treatment of reinsurance between affiliated entities. The comments center on …
Bermuda-based PartnerRe Ltd. announced that Charles Goldie has been appointed Head of Specialty Lines, PartnerRe Global, effective September 1, 2010. The Specialty Lines business unit in PartnerRe Global comprises agriculture, surety and specialty casualty outside of North America as well …
