Delaware News

People and Places

Anthony Kubera Anthony A. Kubera has joined Russell Bond & Co. Inc. in Buffalo, N.Y., as director of business development. He brings with him over 30 years of experience in underwriting, management and marketing. Kubera began his career with Aetna …

Best Affirms General Re Group Ratings of ‘A++’

A.M. Best Co. has affirmed the financial strength ratings of “A++” (Superior) of the General Re Group. The rating applies to General Reinsurance Corporation (Delaware) and its core property/casualty and life reinsurance and insurance subsidiaries operating both in the United …

Insurance Journal Adds Molchan as Regional Manager

David Molchan has been appointed as Insurance Journal’s regional advertising manager for the East region. Molchan has extensive experience in business-to-business advertising sales and ad sales management at several trade magazine companies. Most recently, Molchan served as the regional sales …

Wellington to Acquire AXA’s U.S. Specialty Lines

London-based Wellington Underwriting plc, a major Lloyd’s underwriter, has announced plans for expansion into U.S. Specialty business through the proposed acquisition of AXA Corporate Solutions Excess and Surplus Lines Insurance Company. The announcement indicated that “substantial agreement has been reached …

Regional Focus

Former Speaker of the House Tip O’Neill was attributed with the comment that “all politics are local.” The same could be said for the insurance industry—insurance coverage is definitely local. In addition, there continues to be a shift of business …

People and Places

Michael Donnelly Professional Lines Underwriting Specialists Inc. (PLUS), an Austin-based professional liability insurance wholesaler, named Michael Donnelly as vice president. Donnelly comes to PLUS after spending his entire career in the Philadelphia, Pa. area. Prior to joining PLUS, Donnelly was …

After 205 Years, R.I.-Based Providence Washington to Close Its Doors

Providence Washington Insurance Companies is shutting down after more than two centuries, a victim of financial losses, an inability to raise capital and failure to find a buyer. The Providence, R.I.-based company’s existing policies will remain in place for now, …

N.J. Businessman Admits Million Dollar Insurance Fraud

New Jersey Attorney General Peter Harvey announced that the owner of a defunct Camden County insurance brokerage business has been ordered to pay more than one million dollars in restitution and jailed for seven years as a result of pleading …

Bookman, Trought to Head American Collectors

American Collectors Insurance Inc., a national specialty provider of collector vehicle and collectibles insurance, announced the promotion of two senior executives. Jill Bookman has been named as the new CEO, and Melissa Trought becomes the new COO/CFO.. Thomas Kanyuk, chairman …

Insurers Face Class Action Over Isabel Claims

Today a class action lawsuit against various insurance companies was filed in United States District Court, Baltimore, Maryland alleging that the insurance companies failed to deliver the promised benefits to thousands of persons who held flood insurance policies and suffered …