Houston-based HCC Insurance Holdings Inc. reported it has closed the recently announced acquisition of Perico Ltd., an insurance underwriting agency headquartered in St. Louis, Mo. Perico has been in business since 1988 and is recognized as one of the premier …
Zurich Financial Services announced that it is launching an international corporate brand campaign, following what the bulletin described as a “significant business turnaround.” The Group is commencing the campaign “as the next important step in pursuit of its goal of …
HCC Insurance Holdings Inc., headquartered in Houston, Texas, announced it has agreed to sell 4,687,500 shares of common stock to Citigroup Corporate and Investment Banking as sole book-running manager. HCC has granted Citigroup an over allotment option to purchase an …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A-” (Excellent) and assigned an issuer credit rating of “a-” to U.K.-based Markel International Insurance Company Limited (MIICL) with a stable outlook for both ratings. “The rating …
Houston-based HCC Insurance Holdings, Inc. is purchasing the remaining 80 percent that it does not already own in U.K.- based holding company, Illium Insurance Group Ltd. Illium, which commenced operations in 2004, is the owner of a Lloyd’s managing agency …
The appearance of the deadly H5N1 bird flu strain in Turkey and Romania has increased fears in Europe over the spread of the disease. The virus has been linked to more than sixty human deaths in Asia. Recent studies in …
HCC Insurance Holdings Inc. has agreed to acquire MIC Life Insurance Corporation from Motors Insurance Corporation, a subsidiary of GMAC Insurance Holdings Inc., for an undisclosed consideration. MIC Life is currently inactive but is licensed to conduct business in all …
Seattle-based Physicians Insurance A Mutual Company has announced that Leslie Mallonee has been named senior vice president and chief information officer. Mallonee’s history in information technology includes his re-cent executive roles with Employers Insurance Group and Fremont Compensation Insurance Group …
Leslie Mallonee Seattle-based Physicians Insurance A Mutual Company has announced that Leslie Mallonee has been named senior vice president and chief information officer. Mallonee’s history in information technology includes his re-cent executive roles with Employers Insurance Group and Fremont Compensation …
The Zurich Financial Services Group has announced the appointment of Julian Lopez, 50, as CEO of its business in Spain effective April 1, 2006. He will take over from José Cela, 61, Zurich’s Spanish CEO since 1994, who will retire …
