Cayman Islands News

Arlene Moves Inland Northwest of Pensacola, Fla.; Losing Strength

Tropical Storm Arlene moved inland at 3 p.m. Saturday afternoon and proceeded northwest of Pensacola, Fla. Tropical storm and hurricane watches were cancelled all areas but those in the immediate vicinity of the storm. Arlene’s sustained winds dropped below 50 …

Tropical Storm Arlene Opens Season; Will Bring S.E. Rain, Coastal Flooding

Tropical Storm Arlene, the first named tropical storm of the 2005 hurricane season, is developing in the northwest Caribbean. Tropical storms have top sustained winds of 39 mph to 74 mph. NOAA forecasters predict the storm will take a path …

Best Comments on Rating for Island Heritage

A.M. Best Co. has commented that the financial strength rating of A- (Excellent) of Island Heritage Insurance Company Ltd. (Island Heritage) (Cayman Islands) remains unchanged following the recent announcement that ACE Bermuda Insurance Ltd. (ACE Bermuda), a member of the …

IBM Computers Weathered Ivan’s Onslaught

IBM has issued a bulletin noting the reliability of its iSeries system, which withstood Hurricane Ivan’s fury when it struck the Cayman Islands. The report details the experience of British Caymanian Insurance, part of the Colonial Group International (CGI), which …

BILL TO EASE INTERNATIONAL SALES

The Legislature is considering a bill that could make the state a center for international insurance, much as it already is for international banking. The House Insurance Committee unanimously passed the measure Feb. 22. The Senate banking and insurance panel …

Fla. Legislature Considering International Insurance Bill

The Florida Legislature is considering a bill that could make the state a center for international insurance, much as it already is for international banking. The House Insurance Committee unanimously passed the measure Feb. 22. The Senate banking and insurance …

People & Places

Deneen Schmitt Deneen Schmitt and Jim Cottone are among two of the newest additions to the expanding Pittsburgh, Pa., operations of Willis Group Holdings. Schmitt has joined Willis from Aon to serve as a senior vice president for the Executive …

People & Places

Michael Miller The St. Paul Travelers Companies Inc., headquartered in Saint Paul, Minn., promoted Michael Miller andBrian MacLean to the newly created positions of chief operating officers. Miller is responsible for the specialty business and regional executive organization, and MacLean …

Beecher Carlson Holdings Appoints Two New York Managing Directors

Jeffrey Lattmann and John Kerns have been named managing directors of Beecher Carlson Holdings Inc.’s New York office. Lattmann will also be a senior partner of the newly formed Executive Liability Practice. Lattmann’s responsibilities will include consultative solution design and …

Gamsey Named Beecher Carlson V.P., CFO

David Gamsey has been appointed senior vice president and chief financial officer of Beecher Carlson Holdings Inc. of Atlanta. Prior to joining Beecher Carlson, Gamsey served as senior vice president, chief financial officer, treasurer and secretary of Innotrac Corp., a …