Los Angeles-based Mercury General Corp. reported that on August 1, it will release results for its second quarter ended June 30, 2011. The company will host an investor conference call and webcast that same day at 10 a.m. PST to …
Banks and policymakers moved closer to a deal on Friday to help Athens secure funds ahead of a parliamentary vote on austerity next week that Greek Prime Minister George Papandreou must win to avert default. Despite a refusal by the …
IPFS Corporation has launched Imperial PFS, a new brand that combines Premium Financing Specialists (PFS) and Imperial Credit Corporation (ICC). Part of the same group following an acquisition one year ago, the two organizations have operated as separate businesses until …
Ironshore Europe Limited, domiciled in Dubin, Ireland, has received approval from the Central Bank of Ireland, to open a branch office in London. Paul Betts, has been named the London Branch Manager and will lead the London initiative, reporting to …
Large hedge funds with over $10 billion in assets under management (AUM) typically purchase $40 million or more in professional liability insurance coverage, nearly 200% more than medium funds between $1 billion and $3 billion in AUM according to a …
Steamship Mutual, a London-based global P&I (Protection & Indemnity) Club, announced that “during the 2010/11 financial year the Club’s underwriting performance has continued to strengthen and it has made good progress towards meeting its financial objectives.” The bulletin noted that …
Ironshore Inc. has increased capacity to $25 million for the financial lines division of Iron-Starr Excess Agency, Ltd. The limit increase is written on a gross limit basis and is the result of securing additional insurance collaboration within this specialty …
Insurmark/Floodwatch and Bankers Insurance Service, two divisions of Aon Underwriting Managers, have partnered to introduce a product for financial institutions that own or service mortgage loan portfolios. The divisions will underwrite this product together on behalf of certain underwriters at …
United Fire & Casualty Co., headquartered in Cedar Rapids, Iowa, has reported a slight drop in net premiums earned and total revenues for the first quarter of 2011 compared with that of the same quarter in 2010. Announcing the company’s …
Germany’s Hannover Re reported a “very pleasing year,” as after tax group net income rose to €748.9 million [$1.043 billion], from €733.7 million [$1.021 billion], despite the operational business being “impacted by a heavy major loss incidence. The reinsurer said …
