Nigel Spain Nigel Spain has been named assistant vice president of Arrowhead General Insurance Agency of Florida Inc. This facility will be a new Florida operation of Arrowhead General Insurance Agency Inc. of San Diego, Calif., which announced Spain’s appointment …
Dutch financial services and insurance group AEGON N.V, reported strong increases in its results for the first nine months of 2004 with net income up almost 62 percent for the period to 1.238 billion euros ($1.6 billion), compared to 764 …
HCC Insurance Holdings Inc. announced the acquisition of cineFinance LLC (cF), a Los Angeles-based underwriting agency operation specializing in completion bonds for movie and television studios worldwide. The amount of this cash transaction was not disclosed and it is expected …
Stephen L. Way, chairman and chief executive officer of Houston-based HCC Insurance Holdings Inc., recently commented on the State of New York’s investigation into various insurance brokers and companies. “We have no involvement with any price or premium fixing and …
Zurich Financial Services Group (ZFS) announced the appointment of Geoff Riddell (48) and Dieter Wemmer (47) to the Group Executive Committee effective immediately. Riddell will continue to serve as CEO of Zurich’s Global Corporate Business, the position he has held …
Aon Re International announced that it has licensed the Pivot Point insurance transaction system from CATEX Inc. It described Pivot Point as “a web-based system handling the full reinsurance process from business production and quoting through to IBA ledger.” It …
A.M. Best Co. announced that it has assigned a financial strength rating of “A+” (Superior) and an issuer credit rating of “aa-” to the core companies of the U.K.’s Aviva Group. Best also assigned an issuer credit rating of “a” …
HCC Insurance Holdings Inc. announced that it has reached an agreement to acquire RA&MCO Insurance Services Inc. for an undisclosed consideration consisting of cash and HCC shares. The transaction is expected to close shortly. RA&MCO is an insurance underwriting agency …
Dublin-based Research and Markets announced the addition of International Reinsurance Review 2004 / 05 to their offering. “The need for true (re)insurance professionals to be kept up to date on a multitude of issues has never been more important in …
A study, released at the Reinsurance Rendezvous in Monte Carlo, has concluded that “the vast majority of European insurers (85 percent) feel well prepared for the next market cycle.” The survey, commissioned by The Insurance Leadership Institute of GE Insurance …
