Monthly Archives: <span>March 2001</span>

Frontier Insurance Co. Withdraws From Marketplace

Frontier Insurance Group Inc. announced March 13 that its primary operating subsidiary, Frontier Insurance Co., headquartered in Rock Hill, N.Y., has voluntarily stopped writing new and renewal business. Mark Mishler, president of Frontier Insurance Company, described the action as “a …

Pru/Am Gen Merger Tops Insurance Deals

Last January, Prudential plc Chief Executive Jonathan Bloomer indicated he was still looking for opportunities in the U.S. The search culminated March 12 in Houston, Texas, with the announcement that Britain’s venerable “Pru” (no connection to America’s Prudential Insurance Co.) …

Another ‘Dot-Gone’: eCoverage is History

San Francisco-based eCoverage, an online provider of insurance services founded just over two years ago, has ceased operations. Known for its slogan: “The industry is history,” eCoverage predicted the demise of traditional insurers. One ad crowed: “Denial, Anger, Resent-ment, Acceptance. …

Independent Broker Network Holds

The Independent Broker Network (IBN) held its 2001 Technovention at the Crowne Plaza Hotel in San Jose, Calif., on March 16 and 17. This year’s theme concentrated on the Internet and how that medium is enabling insurance companies and vendors. …

Woodruff-Sawyer and Frenkel Form ‘Environmental’ Alliance

In an effort to provide environmental risk management services to Bay Area construction, technology, real estate and other commercial clients, San Francisco-based Woodruff-Sawyer & Co. and New York-based Frenkel & Co. have formed a strategic alliance, creating the largest group …

InsureZone Offering Zurich’s Business Insurance Classes

InsureZone has aligned with top-rated insurance carrier Zurich North America Small Business, a unit of Zurich North America. InsureZone will serve as a provider of Small Business’ commercial and residential builders’ risk insurance — as well as all 400 other …

Arch Capital Group to Acquire Altus Holdings

Arch Capital Group has entered into a definitive agreement to acquire all of the capital stock of one of its current investee companies, Altus Holdings, Ltd. Altus, a privately held company, provides insurance and alternative risk transfer services through rent-a-captive …

CNA Pro’s E-Pack Policy Admitted in 40+ States

CNA Pro’s E-Pack, introduced last year, has been admitted in more than 40 states, offering both miscellaneous professional liability and employment practices liability. Other coverages also offered are directors & officers liability, fiduciary liability and entity liability coverage. This policy …

Allianz In Talks With Merrill Lynch

According to a report in Germany’ Der Spiegel Magazine, Allianz AG officials have held talks with financial giant Merrill Lynch aimed at establishing a cross selling arrangement between the two companies in the U.S. and Germany. The deal would involve …

Rig Loss Scares Off Petrobas’ Insurers

The explosion and fire which ripped through the world’s largest oil rig, killing 10 workers, and eventually causing the structure to sink in 3000 feet of water off the coast of Brazil, could not have occurred at a worse time …