Bermuda-based Aspen Insurance Holdings Limited reported net income after tax for the second quarter of 2010 of $108.9 million, or $1.28 per diluted share. Operating earnings, which excludes capital gains/losses, was up slightly at $104.9 million, or $1.23 per diluted …
French reinsurer SCOR had a very satisfactory second quarter with net income of €120 million ($156.75 million), compared to €91 million ($119 million) in the second quarter 2009, a 32 percent rise. The increase offset a difficult first quarter, with …
Torus Insurance is “continuing the rollout of its Continental European operation,” notes a company bulletin. It announced the appointment of Esther Fittinghoff as Professional Lines Manager and Kurt Fleischmann as Senior Casualty Underwriter. They are based in Torus’ Cologne and …
The Oakland City Council has given final approval to a plan that makes Oakland the first city in the country to authorize large-scale industrial pot cultivation. The city intends to license four production plants where marijuana would be grown, packaged …
Phoenix-based Camelback Captive Services Inc. has appointed Justin C. Mead executive vice president. He will be responsible for business development of the firm’s captive management services. Mead has been in the captive insurance industry since 2005, most recently in an …
Bolton & Co. announced that Phillip D. Williams has been promoted to assistant vice president in the OneSource Division. Williams began his insurance career in 1996 as an underwriting assistant for Chubb & Son. Over the past 14 years, he …
Boston-based medial professional liability insurer ProMutual Group will begin selling coverage in Virginia through its member company, ProSelect Insurance Co. Tom Murphy has been hired to manage the distribution network, community relations and new business development. He will also be …
Tustin, Calif.-based Yates & Associates announced that Pat Piccinonno has joined the firm as property/casualty underwriter. He will be responsible for new business production. Piccinonno began his insurance career in 1973 in New York and continued in the industry with …
Major losses sustained in the Gulf of Mexico will not have the same market-changing impact on the upstream energy insurance market as other major events such as Hurricane Katrina, according to a new report published by insurance brokerage giant Marsh. …
The Independent Insurance Agents & Brokers of America Big “I” Markets program can now offer access to a new stand-alone fine arts and valuable articles policies. The new program offers tailored products and services for personal and commercial fine art …
