Monthly Archives: <span>June 2012</span>

UK Insurer Cancels Coverage on Russian Ship Going to Syria

A British company said Tuesday it has cancelled insurance for a Russian ship it says was carrying munitions to Syria – a shipment the British government says included refurbished military helicopters. U.K.-based insurer Standard Club said in a statement that …

Co-Owner of Missouri-Based US Fidelis Pleads Guilty in Federal Case

For the second time in four days, the former co-owner of a once prominent marketer of auto service contracts has pleaded guilty. Cory Atkinson of Lake St. Louis, Mo., on June 18 pleaded guilty to federal charges including conspiracy to …

Arthur J. Gallagher Acquires Alabama’s Whitehaven Insurance

Illinois-based global insurance broker Arthur J. Gallagher & Co. has acquired Whitehaven Insurance Group, Inc. in Gulf Shores, Alabama. Terms of the transaction were not disclosed. Founded in 1994, Whitehaven Insurance Group is a retail insurance broker offering personal and …

Lawsuit Claims Driver in Kentucky Tour Bus Crash ‘Crazed,’ Speeding

A lawsuit filed over the wreck of a tour bus in south-central Kentucky this month contends the driver was operating the bus in a “crazed” manner, had been consuming high-energy drinks and was driving too fast on the winding country …

Railroad Retaliated By Firing Workers Reporting Injuries: OSHA

The Occupational Safety and Health Administration is ordering railroad operator Norfolk Southern to pay more than $800,000 for firing a South Carolina worker and two others after they reported injuries on the job. Safety officials said that the incidents are …

Ratings Recap: Church Mutual, Ocean Harbor, HSBC (Del.), Golden RRG, Southern Pioneer, Affirmative

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and downgraded the issuer credit ratings (ICR) to “a” from “a+” of Wisconsin-based Church Mutual Insurance Company. The outlook for both ratings is stable. The rating actions …

Applied Systems Names Purdy Sr. VP, General Mgr. for Canadian Operations

Insurance software company Applied Systems announced that Jeffrey D. Purdy has been appointed senior vice president and general manager of Applied Systems Canada. He is an Ontario native and a Canadian insurance industry veteran. Purdy will be responsible for Applied …

Marine Protection Provider GAC Urges ‘Non-lethal’ Measures for Ship Safety

London-based GAC Protective Solutions, a company specializing in providing onboard crew training, pre-voyage preparation and defensive configurations for vessels traveling into high risk areas, has indicated that “non-lethal measures” are the “long-term key to combating sea crime.” GAC’s Group Vice …

AIA Endorses Invitation to Mexico to Join Trans-Pacific Partnership

David F. Snyder, vice president and associate general counsel at the American Insurance Association, has issued a statement endorsing Mexico’s invitation to join the Trans-Pacific Partnership (TPP). The proposed agreement will seek to promote and enhance trade and economic growth …

Giancristofaro Appointed CEO for Willis’ Re Brazil Operations

Willis Group Holdings announced the appointment of Luigi Giancristofaro as CEO for its reinsurance operations in Brazil (Willis Corretora de Resseguros Ltda). He is based in Rio de Janeiro, and is primarily responsible for the broker’s Brazilian wholesale business. He …