June 14, 2010
San Francisco-based Woodruff-Sawyer & Co. has formed a new Private Client Personal Insurance Division to address the individual needs of executives and corporate officers. Diane Borden has been hired as private client executive to establish the personal insurance operation, focusing …
June 14, 2010
As John Lennon and Paul McCartney could tell you, sometimes you just need a little help from your friends. And in the insurance agency business — where building relationships are key to success — that friend often is more than …
June 14, 2010
A.M. Best Co. has placed under review with positive implications the issuer credit rating (ICR) of “bbb-” and debt ratings of PMA Capital Corporation of Blue Bell, PA, following the announcement that PMA Capital and Chicago-based Old Republic International Corporation …
June 14, 2010
Scottsdale, Ariz.-based Scottsdale Insurance Co. announced the appointment of John E. Goodloe as senior vice president of brokerage. Goodloe has 27 years of experience in the specialty lines, reinsurance and wholesale brokerage business. He most recently served as president of …
June 14, 2010
A.M. Best Co. has commented that the ratings of Chicago-based Old Republic International Corporation’s P/C, title and life operating subsidiaries are unchanged following its proposed acquisition of the outstanding common shares of Pennsylvania-based PMA Capital [See IJ web site – …
June 14, 2010
Resolution said it was close to buying AXA’s British life insurance arm, kick-starting its plan to consolidate the UK life market and freeing the French insurer up to focus on high-growth Asia. Resolution, set up in 2008 to buy and …
June 14, 2010
North Dakota Insurance Commissioner Adam Hamm announcedthat the State Fire and Tornado Fund will give a 50 percent premium credit to all of its policyholders for the new policy year effective July 1, 2010. This is the third premium credit …
June 14, 2010
Marsh Mac’s risk and reinsurance specialist, Guy Carpenter & Company, announced that it has named Liz Flynn as Global Chief Operating Officer. She will be based in New York and will report to Peter Zaffino, Guy Carpenter’s President and CEO. …
June 14, 2010
The National Hurricane Center in Miami has posted a bulletin that it is tracking “a large low pressure system located about 1025 miles west-southwest of the Cape Verde Islands.” The NHC said the system has “changed little during the past …
June 14, 2010
President Barack Obama will press BP executives this week to set up an escrow account to pay damage claims by individuals and businesses hurt by the Gulf of Mexico oil spill disaster. The move comes as Obama, who will address …