Golf in the family
The Smith family can say they grew up on golf courses. Ron Smith, owner of the independent insurance agency Smith Sawyer Smith Inc., in Rochester, Ind., and his brother, Terry Smith, grew up on a small 9-hole golf course where …
AIR Estimates Peru Quake Losses under $1 Billion
Boston’s AIR Worldwide estimates that insured losses from the magnitude 8.0 earthquake that struck Peru’s Ica region, south of the capital Lima, on August 15 are unlikely to exceed $1 billion. “It is still in the very early aftermath of …
Maine Investigators Seek Cause of Fire that Destroyed 5 Buildings
A predawn fire Sunday that began in a vacant apartment building also destroyed four other structures in Rumford, Maine’s Virginia section. No injuries were reported in the blaze that was spotted by a neighbor around 3 a.m. Firefighters arrived to …
Ratings Roundup: Atrium; Hardy; Beazley; Amlin; Cathedral; RIMAC
A.M. Best Co. has affirmed the issuer credit rating (ICR) of “bbb+” of Atrium Underwriting plc, the non-operating holding company of Atrium Underwriters Limited (AUL). Best also revised the outlook to positive from stable, “in line with the outlook on …
2006: a big year for P&C buyers and sellers of all shapes and sizes
JANUARY Hallmark Aquires Aerospace Holdings Fort Worth, Texas-based Hallmark Financial Services Inc. has completed its acquisition of Aerospace Holdings LLC, which markets general aviation insurance products. Hallmark underwrites non-standard personal automobile insurance. The American National Bank of Texas of Terrell, …
2006:a big year for P&C buyers and sellers of all shapes and sizes
JANUARY Hallmark Acquires Fort Worth, Texas-based Hallmark Financial Services Inc. has completed its acquisition of Aerospace Holdings LLC, which markets general aviation insurance products. Hallmark underwrites non-standard personal automobile insurance. American National Bank Acquires Dallas-based Sleeper, Sewell The American National …
Guy Carpenter Launches ‘STEALTH’ E-Trading System for Latin America
Guy Carpenter & Company, Inc., the global risk and reinsurance specialist of the Marsh & McLennan Companies, announced that its dedicated facultative reinsurance unit, GCFac, has launched STEALTH (Sabotage and Terrorism Electronic Application Linked to Hiscox). The bulletin described STEALTH …
Wis. Phoenix Group Adds Union Bank Insurance Group of Ill.
The Phoenix Group, an independent insurance agency and employee benefits company based in Ripon, Wis., recently purchased Union Bank Insurance Group, based in Peru, Ill., marking the agency’s fifth acquisition in five years. The purchase, according to The Phoenix Group …
IDB Contracts with ABS Corporate Solutions/EQECAT for Cat Project
ABS Corporate Solutions, and its affiliate EQECAT, Inc. announced that the Inter-American Development Bank (IDB) has signed a contract for a catastrophic risk analysis project focusing on Bolivia, Guatemala, Peru and Jamaica. “The analysis will be used to develop risk …
Ind. Police Dog Shot to Death Being Replaced, Insurance Doesn’t Cover Bill
An Ind. police dog handler who was attacked by his last canine will soon have a new dog. Officer Jeff Dunscomb’s dog was fatally shot by Tippecanoe County Sheriff Smokey Anderson in July after it bit the officer during a …
