XL Capital Ltd. announced it has completed the purchase of Winterthur International from Winterthur Swiss Insurance Company, a business unit of Credit Suisse Group. The all-cash transaction, announced by the XL Capital on Feb. 16, 2001, is valued at approximately …
The Alea Group recently received approval from the State of New York Insurance Department to acquire Seven Hills Insurance Company. Upon the approval, Alea completed the transaction with Great American Insurance Company on July 2,2001. Formal approval of a name …
According to an A.M. Best report, Nationwide Mutual Insurance Co. said it agreed to sell Neckura Holding AG, the parent of its German automobile insurance operations, to Zurich Group Germany, a unit of Switzerland’s Zurich Financial Services Group. Terms were …
San Diego-based ConfirmNet™ Corporation, the developer of CertificatesNow, a web-based certificate of insurance process, announced the hiring of Mark Oemcke as CEO. Craig Irving, interim CEO since June 2000, will resume his position as Chairman of ConfirmNet’s Board of Directors. …
Zurich North America’s Excess & Surplus Group is offering a new coverage for expenses related to product recalls, the company announced yesterday. The product recall expense coverage is designed for small to mid-sized manufacturers, distributors and retailers of consumer, industrial …
Switzerland’s Winterthur Insurance Group became the first private corporate donor to the United Nations fund to fight the AIDS epidemic, pledging a donation of $1 million. Winterthur, the insurance arm of the Credit Suisse, plans to deliver the money next …
The Western world is haunted by the specter of the German government killing millions upon millions of Jews (and others) in concentration camps. I couldn’t sleep when I first saw the pictures in the 1950s. My children couldn’t sleep when …
A recent study released by Swiss Re, confirms that insured catastrophe losses for 2000 totaled $10.6 billion, falling significantly below those in 1999, which reached $32.9 billion.The survey also concluded that p/c reinsurance rates were on the rise, but warned …
The Western world is haunted by the specter of the German government killing millions upon millions of Jews (and others) in concentration camps. I couldn’t sleep when I first saw the pictures in the 1950s. My children couldn’t sleep when …
A North Carolina woman has pleaded not guilty to charges she helped Martin Frankel bilk insurance companies of more than $200 million. Sonia Howe, 41, of Charlotte, N.C., was arraigned in a New Haven Howe is described by prosecutors as …
