Lloyd’s Chairman Lord Peter Levene announced that the U.K.’s Financial Services Authority (FSA) has given Lloyd’s authorization to write direct business in eight of the new European Union accession countries (See IJ Website May 3). Lloyd’s said the new licenses …
May first marked the most important expansion of the European Union in its 50 year history, as 10 countries joined the 15 existing members to create an economic block of 455 million people stretching from the Western shores of Ireland …
Keenan & Associates has created and implemented a new generation workers’ compensation program – a hybrid self-insurance and re-insurance model that now covers 381 school districts and community colleges in California. Keenan’s Protected Insurance Program for Schools and Community Colleges …
Torrance, Calif.-based Keenan & Associates, the largest privately-held brokerage firm in California, announced the appointment of Mike Poland to senior vice president. At Keenan, Poland will head operations for the development and sales of proprietary property and casualty programs for …
In the wake of crisis and turmoil in the California workers’ compensation arena, Keenan & Associates has created and implemented a new generation workers’ compensation program – a hybrid self-insurance and re-insurance model that now covers 381 school districts and …
Germany’s Allianz announced that its Polish subsidiary “is continuing to increase its sales, growing faster than the market.” First half-financial results show an overall 53 percent increase with both life and P/C operations registering gains. “In the first six months …
The long-delayed initial public offering of shares in Poland’s largest insurer, Powszechny Zaklad Ubezpieczen SA (PZU) has now been put off once again – until May 2004 at the earliest. According to a report from Dow Jones Newswires, PZU’s newly …
Brookfield, Wis.-based Fiserv Inc. processing and services revenues of $624.8 million, an 11 percent increase over the $560.7 million for the first quarter of 2002. Net income per share-diluted for the first quarter of 2003 was 38 cents per share, …
Standard & Poor’s Ratings Services announced that it has removed from CreditWatch and affirmed its ‘A+’ long-term counterparty credit and insurer financial strength ratings on the core operating entities of the Netherlands-based Eureko insurance group. In a related move the …
The ongoing dispute between Eureko, the Pan-European insurance consortium, and Poland’s Treasury Minister Wieslaw Kaczmarek over the control of Powszechny Zaklad Ubezpieczen (PZU) has been submitted to formal arbitration proceedings before an international tribunal in Stockholm. The conflict, which has …
