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Three members of the Kansas Insurance Department, Ted Clark, Anti-Fraud director, Larry Bruning, chief actuary, and Neil Woerman, director of Information Technology, have been appointed to leadership positions within the National Association of Insurance Commissioners (NAIC). Ted Clark has been …

People and Places

Three members of the Kansas Insurance Department, Ted Clark, Anti-Fraud director, Larry Bruning, chief actuary, and Neil Woerman, director of Information Technology, have been appointed to leadership positions within the National Association of Insurance Commissioners (NAIC). Ted Clark has been …

Rare Violin Recovered by Police to be Auctioned by Insurer

A violinist whose missing instrument valued at about $50,000 was recovered by police says it will be auctioned. Meanwhile, police continue to investigate how the instrument ended up in the hands of a Billings, Mont., man who allegedly tried to …

Hub International Being Bought for $1.8 Billion; $40 per Share

Hub International Limited, which got its start in 1998 when 11 Canadian brokers merged and has since grown through acquisitions into one of the largest insurance brokers in North America, is being acquired by funds advised by Apax Partners together …

People and Places

James W. Good, executive vice president of trucking industry insurer Baldwin and Lyons Inc. and president of its subsidiary insurance company, Protective Insurance Co., announced he will retire from the company in May 2007, after 42 years of service. Following …

Report: Customer satisfaction doesn’t guarantee loyalty

The insurance industry needs to improve its customer retention strategies, because a satisfied customer isn’t always a loyal one, according to the World Insurance Report, an international study of more than 10,000 insurance customers, insurers and distributors. The study, released …

People

James W. Good, executive vice president of trucking industry insurer Baldwin and Lyons Inc. and president of its subsidiary insurance company, Protective Insurance Co., announced he will retire from the company in May 2007, after 42 years of service. Following …

News Currents

Report: Customer satisfaction doesn’t guarantee loyalty The insurance industry needs to improve its customer retention strategies, because a satisfied customer isn’t always a loyal one, according to the World Insurance Report, an international study of more than 10,000 insurance customers, …

Chicago Mesirow Appoints Former NBA Star as Senior Vice President

Chicago-based Mesirow Financial recently announced that Brian Evans, an ex-Hoosier and three-year NBA veteran, has joined its Insurance Services division as a senior vice president. He is responsible for leading new business development initiatives for the firm’s Carmel, Ind. office. …

S&P Affirms, Withdraws Toro Ratings after Generali Acquisition; Nuova Tirrena Ratings Lowered, Withdrawn

Standard & Poor’s Ratings Services announced that it has affirmed its “AA-” long-term counterparty credit and insurer financial strength ratings on Italy’s Toro Assicurazioni SpA with a stable outlook. S&P also lowered its long-term counterparty credit and insurer financial strength …