Chicago-based Unitrin Inc. announced that Richard C. Vie will be stepping down as chairman of the board at the end of 2009 and that Donald G. Southwell, Unitrin’s president and chief executive officer, will assume the position of chairman, effective …
The Bermuda -based Catlin Group Limited has released its interim management statement as of Sept. 30, 2009, which shows significant gains in the Group’s operations. The bulletin listed the following highlights for the period: — 10 per cent increase in …
Albert E. Fowerbaugh, Jr. has joined the Chicago law firm Butler Rubin Saltarelli & Boyd LLP as a partner. At Butler Rubin, Fowerbaugh will concentrate his practice in complex commercial litigation. Most recently, Fowerbaugh was a partner at DLA Piper …
Zurich Financial Services Group reported “business operating profit for the discrete third quarter 2009” of $1.5 billion, a 138 percent increase over Q3 2008. Net income for the quarter was $909 million, a 490 percent increase over the same prior-year …
A San Francisco investment manager is facing a maximum sentence of 20 years in prison after pleading guilty to fraud. Federal prosecutors say in pleading guilty to mail fraud Tuesday, Alexander Trabulse admitted that he mailed fraudulent account statements to …
Bermuda-based Montpelier Re Holdings Ltd. reported net income of $148 million ($1.68 per share) for the third quarter and $359 million ($4.11 per share) for the nine months ended September 30, 2009. Operating income, which excludes investment gains/losses, was $62 …
The Montana Supreme Court has upheld a state law that allows insurance companies to cut off worker’s compensation payments for those suffering permanent total disability when the disabled party is of retirement age. The 5-2 ruling Tuesday said worker’s compensation …
Standard & Poor’s Ratings Services has placed its ratings on Berkshire Hathaway Inc. (BRK) and various affiliates on CreditWatch with negative implications following the company’s announcement that it will acquire Burlington Northern Santa Fe Corp. (BNSF). S&P noted that the …
Arizona-based Trillium Management Services Inc. announced it will acquire Geneva Insurance Company Inc. of Indianapolis, Ind., in a transaction that is expected to close in December 2009. Geneva was formed in 1999 by Ronald J. Glanzman its sole shareholder. The …
Florida’s Insurance Consumer Advocate said he is trying to find a lawmaker to help him ban a practice that sticks patients with big bills their health plans won’t cover. Sean Shaw, Florida’s Insurance Consumer Advocate, told Health News Florida that …
