XL Capital’s first quarter, 2010 net income decreased to $127.996 million, from $178.379 million in Q1, 2009. Operating income, which excludes capital gains/losses, was also lower at $149.612 million, compared to $190.863 million last year. XL’s bulletin explained that the …
H.W. Kaufman Financial Group, a privately held company headed by Alan Jay Kaufman, has acquired Colorado-based US Reports Inc. – a national loss control inspection, premium audit and risk management services firm. US Reports is a family owned 70-employee risk …
Aon Consulting, the human capital consulting business of Aon Corporation, announced two new appointments to its global leadership team. Aon named Piyush Chaudhari to the position of CEO of Aon Consulting EMEA [Europe, Middle East, Africa], effective immediately. Chaudhari joined …
Excess and surplus insurers endured another year of declining premiums in 2009, writing 7.5 percent fewer direct premiums versus the prior year, according to SNL Financial’s analysis of the U.S. E&S market. The slide comes after significant declines in 2008, …
Torus announced that it has acquired Glacier Insurance AG, a subsidiary of the Glacier Group. The transaction is expected to be completed in May, 2010, subject to relevant regulatory approvals. [See also A.M. Best’s comment at: https://www.insurancejournal.com/news/international/2010/05/04/109545.htm]. Glacier Insurance AG …
Officials in the sunflower industry who fought for years to gain better crop insurance say final rules for a simplified insurance plan might mark the end of the battle. It should mean better security for farmers, and possibly a more …
This week begins the first phase of a process that will see about 1 million North Carolina policyholders begin to receive refund checks from their auto insurance companies totaling more than $50 million. The refund distribution is a result of …
Alternative market insurance provider, Safety National in St. Louis, Mo., has promoted Senior Vice President John Csik to the position of chief financial officer and treasurer. Csik takes over these positions from Duane Hercules, who will continue in his position …
BP Plc said Monday that waiver clauses in contracts it offered to Alabama fishermen to help fight the Gulf of Mexico oil spill had drawn allegations that it was trying to buy them off to give up the right to …
Recommendations by the Federal Emergency Management Agency for landowners in Trumann, Ark., to purchase flood insurance are nothing more than a scam, a levee district official told a crowd of concerned residents on May 1. “FEMA is taking an area …
