The force behind Lockton’s phenomenal organic growth Insurance Journal is pleased to launch a new series of profiles of privately-held property/casualty independent insurance agencies that qualify for the annual Insurance Journal Top 100 P/C Agency listing. What better place to …
MMC’s CEO Cherkasky searches for more insurance commissions The Marsh & McLennan Companies, or MMC, has seen its once dominant position atop the brokerage world assailed by changing conditions, Eliot Spitzer, more competition and its own internal restructuring. Although MMC …
Insurance brokerage Aon Corp., faced by fierce competition and falling rates, said Wednesday it will cut 2,700 jobs as part of a restructuring plan that will eventually save it about $240 million a year. The elimination of about 6 percent …
Insurer likes Hispanic market potential as well as solid performance of Mass. personal lines insurer The potential of the Hispanic insurance market is one of the factors attracting Spanish insurer Mapfre to its acquisition of the Webster, Mass.-based personal lines …
France’s SCOR Group posted significant earnings gains for the first nine months of 2007, with net income up 93 percent to €299 million ($437 million) and gross written premiums up 62 percent to €3.381 billion ($4.94 billion). The reinsurer appears …
Cayman Islands-based Greenlight Capital Re, Ltd. reported a net loss of $2.1 million for the third quarter of 2007 compared to a profit of $17.5 million for the same period in 2006. On a fully diluted per share basis, the …
Ft. Lauderdale, Fla.-based 21st Century Holding Co., an insurance holding company, announced that it’s subsidiary, American Vehicle Insurance Company, has received approval to begin writing commercial general liability policies in California as a surplus lines insurer. “Our expansion into the …
Zurich Financial Services Group is having a good year with nine month net profits increasing by 25 percent to $4.157 billion, compared to $3.326 billion for the same period in 2006. Other earnings highlights included the following: — Annualized return …
Analysts from Standard & Poor’s Ratings Services have pit together an analytical report on Bermuda’s insurance and reinsurance industry, following what S&P sees as “another excellent year,” as Bermuda companies have “enjoyed very strong earnings and operating performance as well …
Standard & Poor’s Ratings Services has announced that its ratings and outlook on Allianz SE -‘AA’ debt ‘A-1+’ with a stable outlook – and related entities were unaffected by our revision of the outlook to stable from positive on its …
