Destin, Fla.-based financial holding company Concordis Group Inc. has agreed to acquire Advance Underwriting Managers. Advance Underwriting Managers will be a wholly owned subsidiary of Concordis Group. AUM is based in Ohio and has a Santa Rosa Beach, Florida location. …
Swiss Re Corporate Solutions’ aviation unit is expanding its operations in the North American general aviation (GA) market. It launched a New York-based underwriting team dedicated to developing its GA portfolio across the United States. Swiss Re Corporate Solutions is …
The protest movement that began with anti-corporate greed rallies on Wall Street has made its way to Hartford. The “Occupy Hartford” demonstrators camped out this past weekend at the corner of Broad Street and Farmington Avenue. Several dozen people kicked …
At an investor meeting on Oct. 6, The Hartford Financial Services said the company has “significantly enhanced” its financial risk management and believes its balance sheet is strong. The company also announced it is forecasting $200 catastrophe losses, pre-tax, for …
The Federal Emergency Management Agency has denied Virginia’s request for aid for individuals whose property was damaged by the Aug. 23 earthquake. Gov. Bob McDonnell announced the agency’s decision last Friday. He said he’s disappointed and will immediately appeal. The …
Utica National Insurance Group in New Hartford, New York, has appointed industry veteran Raymond Cox as senior vice president, chief financial officer and treasurer. Cox comes to Utica National Insurance from Munich Reinsurance America in Princeton, New Jersey, where he …
Branchville, N.J.-based Selective Insurance Group reported on Tuesday, Oct. 11, pre-tax catastrophe losses for the third quarter of around $70 million, or 20 points on the combined ratio. The loss estimate is net of reinsurance recoveries and inclusive of reinstatement …
Privilege Underwriters Reciprocal Exchange (PURE), a member of the PURE Group of Insurance Companies, announced it is expanding into several new states, including Missouri, Indiana and Wyoming. PURE and the PURE Group of Insurance Companies serve more than 11,000 members …
A motorist was injured by a pumpkin that crashed through her windshield after it fell from or was dropped off an overpass north of Cedar Rapids. Cedar Rapids television station KCRG reports that the incident occurred on Interstate 380 a …
A small tornado touched down in San Antonio early on Oct. 9, damaging several homes and a post office. The overnight storm dumped more than 3 inches of rain on the city and left thousands without power, the San Antonio …
