Monthly Archives: <span>October 2010</span>

Lyndon-Stanford Joins Miller’s Facultative Reinsurance Team

UK-based specialist independent insurance and reinsurance broker Miller announced further expansion of its facultative reinsurance team with the appointment of James Lyndon-Stanford. He is a specialist in the facultative reinsurance of power generation and distribution risks. He will be based …

Best Places Brit’s Ratings Under Review with Negative Implications

A.M. Best Europe – Rating Services Limited has placed the financial strength rating of ‘A’ (Excellent) and issuer credit rating (ICR) of “a” of the UK’s Brit Insurance Limited (BIL) and the ICR of “bbb” of Netherlands-based Brit Insurance Holdings …

Arch Capital Posts $141.6 Q3 Net Income; Operating $130.7 Million

The Bermuda-based Arch Capital Group Ltd. reported its results for the third quarter of 2010 on Tuesday. Net income available to common shareholders for the period was $141.6 million, or $2.77 per share, compared to $274.4 million, or $4.39 per …

New IFRS Standards, Solvency II Pose a ‘Double Hurdle’ Says Willis Re

Two reports from Willis Re analyze the impact the insurance industry faces from the “double hurdles” of Solvency II and the new International Financial Reporting Standard (IFRS) due in 2013.” They explore the “current state of play of these major …

Liberty Northwest Launches Commercial Series for Small to Mid-Sized Businesses

Liberty Northwest, a Liberty Mutual Agency Markets regional company, today announced the launch of the Liberty Northwest Commercial Series, its insurance solution for small to medium-sized businesses. The portfolio consists of Commercial Protector, Custom Protector, and the Comprehensive Business Policy, …

Edwards Joins NationsBuilders Insurance Services in Minnesota

NationsBuilders Insurance Services Inc., a provider of specialty construction insurance, has added Robert (Rob) Edwards as Product Line manager for Concrete Pumpers to the NBIS team. He is based in Minnesota. In his Product Line manager role, Edwards will lead …

Iowa Council of NAIW Elects New Officers

The Iowa Council of NAIW has elected Debbie Theil of Iowa Mutual Insurance Co., Davenport, as Iowa Council director. Other newly elected officers include: Membership Chair Robyn Railsback of AEGON, Cedar Rapids Public Relations Chair – Brenda Kluger of Independent …

Steward Joins Higginbotham & Associates in Austin

Higginbotham & Associates has appointed Walker Steward a vice president in its Austin office. Steward is a commercial property/casualty insurance agent with experience in brokerage and sales. He brings with him an established client roster. Steward was most recently an …

Louisiana Commissioner Donelon Elected Secretary-Treasurer of NAIC

The National Association of Insurance Commissioners (NAIC) elected Louisiana Insurance Commissioner James J. Donelon as Secretary-Treasurer for 2011 at the fall meeting on October 21, 2010. Donelon is presently serving on the Executive Committee of the NAIC and is chairman …

Defining Your Core Values Part II – Small Agencies In Small Towns

I have worked with a number of individuals who are great entrepreneurs whose companies have grown rapidly and out-of-control. It is so very difficult for these individuals to accept or manage the changes and structure that come with this growth. …