Members of the National Association of Insurance Commissioners (NAIC) adopted by unanimous vote amendments to the NAIC Producer Licensing Model Act. In addition to adopting changes to ensure compliance with the reciprocity requirements mandated by the Gramm-Leach-Bliley Act (GLBA), members …
Former executives at an Aon Re Inc. unit have broken ties with the reinsurance intermediary to start an independent firm. Axiom Intermediaries began operations in Burlington, N.C. as an independent, privately held reinsurance broker. The company is a full-service treaty …
Former executives at an Aon Re Inc. unit have broken ties with the reinsurance intermediary to start an independent firm. Axiom Intermediaries began operations Monday in Burlington, N.C. as an independent, privately held reinsurance broker. The company is a full-service …
GuideOne Insurance will close seven of its 12 national claims offices next year, and will sell a portion of its high-risk auto insurance to GMAC Insurance. GMAC, based in Winston-Salem, N.C., is expected to buy GuideOne’s nonstandard auto business in …
Old Guard Group, Inc. has received shareholder approval for its acquisition by Ohio Farmers Insurance Company. With more than 71% of the outstanding stock voting, 92% were voted in favor of the transaction. The transaction will close at the end …
Like the tornado chasers in the movie “Twister,” International Catastrophe Insurance Managers LLC (ICAT) keeps pushing into new territory where others hang back. ICAT, which currently underwrites catastrophe risks in California, Texas, Florida and the Pacific Northwest, recently announced its …
First Union Bank, the nation’s sixth-largest bank, has purchased the Tribus Company, a major Northeast regional insurance brokerage and consulting firm. First Union Corp., based in North Carolina, finalized the purchase late last month. Terms of the transaction were not …
The Independent Insurance Agents of America (IIAA) has added two new media professionals to its communications team-Kevin Craiglow as manager of consumer media and Nicole Larouere as manager of industry and member communications. Prior to joining IIAA, Craiglow served as …
The Strategic Independent Agents Alliance (SIAA), a national network of independent insurance agencies, reported significant growth during the second quarter of 2000. During the period of April 1-June 30, the Swanzey, N.H.-based organization added 49 new members to reach a …
What’s in a word? A lot—at least according to the National Association of Mutual Insurance Companies (NAMIC). In a press release, the association announced a July 11 letter, sent to the chair of the National Association of Registered Agents and …
