P/C Industry News

American Commerce Ins. Co. to Use RIS Interface Processing Technology

Ohio-based Results International Systems (RIS), a leading specialist in outsourcing and application services for the P/C Industry, announced that it has provided “a web-enabled graphical user interface (GUI)” to Ohio’s American Commerce Insurance Company (ACIC) for the its AS/400 policy …

Solvency Study Shows Continued Good Ratings

The solvency record of the domestic surplus lines industry continues to mirror that of the total property/casualty industry, according to the ninth annual study of the excess and surplus lines industry by the A.M. Best Company. The “Annual Review of …

Lloyd’s 2003 Capacity Over $22 Billion

Lloyd’s CEO Nick Prettejohn announced that the venerable institution’s market capacity would be the biggest it has ever had in its 315 year history – £14.25 billion ($22.47 billion), an increase of £1.95 billion ($3.075 billion) over 2002. In a …

Wayne Mutual Completes Implementation with Results International Systems

Results International Systems, Inc. of Dublin Ohio, announced that Wayne Mutual Insurance, an Ohio based P/C company, “has completed the final phase in the conversion of all its lines of business to the RIS outsourcing solution.” RIS, a leading provider …

Littlefield Says Key Focus for U.S. Marine Insurers is to Improve Combined Ratio, Secure Ports

While the marine insurance industry has performed slightly better than the overall property/casualty market in recent years, the business is still navigating in some extremely stormy seas. That’s the assertion of Deirdre Littlefield, outgoing chairman of the American Institute of …

U.S.I. Holdings Corporation Appoints Two New Independent Directors

San Francisco-based U.S.I. Holdings Corporation announced that its Board of Directors has unanimously elected Messrs. Robert F. Wright and Thomas A. Hayes as new independent Directors of the Company. Hayes will chair USI’s Compensation Committee and Wright will chair USI’s …

U.S. Risk Selects Thazar’s INSsight

Frisco, Texas-based Thazar, a Skywire Software company, announced today that U.S. Risk Insurance Group has selected the INSsight business intelligence and Executive Information System (EIS), which was designed exclusively for the P/C insurance industry. U.S. Risk will use INSsight to …

Swiss Re Sigma Study Analyzes 2001 Losses, Equity Decreases

Swiss Re’s latest Sigma report, No.4/2002, offers an analysis of the non-life insurance industry, and how it is adjusting to “two major shocks – the catastrophic losses of 2001 and the ongoing stock market meltdown.” The report discusses the reactions …

Applied Systems Provides the Cincinnati Ins. Co’s with Policy Processing Solutions

Applied Systems, Inc. (API) announced that The Cincinnati Insurance Companies have launched The Diamond System(tm), API’s property and casualty insurance policy processing solution, in Kansas. API specializes in providing automation solutions for the p/c industry. It describes its products as …

Skywire Software, Tobat Capital Acquire Thazar Solutions

Skywire Software, a software development and EAI products and services company based in Frisco, Texas, along with investment partner Tobat Capital, announced the acquisition of Thazar Solutions Corporation. Thazar Solutions provides business intelligence and analytic applications for the property and …