Louisiana-based insurance wholesaler, Specialty Risk Associates Inc., announced several changes to its management team. Thomas Garland was named chief operating officer. Garland joined Specialty Risk in 2004 as vice president of Marketing and Underwriting responsible for the coordination of marketing …
Fairfax/Odyssey Re Fairfax Financial Holdings Ltd. will sell $1 billion in stock to fund the purchase of the shares of Odyssey Re Holdings Corp. that it does not already own. Fairfax reduced its stake in the reinsurer a few years …
Zurich in Canada has announced the appointment of Bob Fellows as Senior Vice President, Distribution, Marketing and Communications for Zurich’s business in Canada, effective immediately. He will be responsible for driving Canada’s distribution strategy and in particular for “accelerating the …
The Ohio Department of Insurance and Nationwide Insurance have issued a warning regarding an international mail fraud scheme that uses the Nationwide name. Consumers in as many as 10 states have reportedly received counterfeit checks that appeared to originate from …
Toronto-based Kingsway Financial Services Inc. has agreed to sell Zephyr Insurance Co., Inc. to Zephyr Acquisition Co., an acquisition vehicle of Ocean Harbor Holding Inc. and MP Holdings LLC, a Hawaiian based investor group. The transaction is expected to be …
CNA Financial Corporation announced that, effective September 14, 2009, Gary Owcar has been appointed president and chief operating officer of CNA Canada. He will be responsible for executing profitable growth strategies in the global insurer’s Canadian operations. Owcar has worked …
Neither Standard & Poor’s Ratings Services, nor A.M. Best anticipate any changes in their ratings on Toronto-based Fairfax Financial Holdings Ltd. As a result of the Company’s announced decision to acquire all of the outstanding shares of Odyssey Re Holdings …
Newark, Calif.-based insurance and risk modeling firm Risk Management Solutions (RMS) has unveiled its next-generation models for North America earthquake risks, covering the United States and Alaska, Canada and Mexico. The new models are likely to lead to a reduction …
Australia, Canada, Spain, France, Italy, Greece, California: They’ve all experienced devastating wildfires. Is there a connection? In February bush fires swept through large parts of the state of Victoria, killing 173 people and destroying more than 2,000 homes. The fires …
CNA Financial Corp. named Bob Lindemann as president and chief operating officer of CNA’s Commercial Lines operations. In this role, Lindemann will be responsible for CNA’s $3.5 billion commercial property/casualty business, which is now comprised of Business Insurance, serving smaller …
