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 DeWolfe Companies Inc., the largest provider of residential homeownership services in New England, announced an agreement to acquire a portfolio of more than 9,000 personal insurance accounts from Aon Private Risk Management Insurance Agency, Inc. The acquisition will be …
TowerStreet, a leading provider of insurance software and services, announced that its Internet exchange has gone “live” in New York, New Jersey, and Connecticut. SmartWorks™, TowerStreet’s new hosted, point-of-sale (POS) service, integrates multi-company rating with underwriting information and data validation. …
Amwest Insurance Group Inc. announced that it has commenced Chapter 11 bankruptcy proceedings in the United States Bankruptcy Court for the Central District of California. The company will be a debtor in possession, and in due course will file with …
A.M. Best Co. assigned an “A-” (Excellent) financial strength rating to Nonprofits’ Insurance Alliance of California (NIAC) and “B++” (Very Good) ratings to Alliance of Nonprofits for Insurance, Risk Retention Group (ANI-RRG), Vermont, and National Alliance of Nonprofits (NANI), Vermont. …
Republican political observer Laura Ingraham and former Clinton White House Senior Adviser Paul Begala are feature commentators for a political discussion at the Independent Insurance Agents of America’s (IIAA) upcoming Hawaii InfoXchange. More than 2,000 insurance professionals are expected to …
Marsh & McLennan Companies, Inc. (MMC), reported increased revenues and earnings for the quarter ended June 30, 2001. The company stated that consolidated revenues rose 1 percent to $2.5 billion, net income grew 6 percent to $293 million, and earnings …
GE Capital, the financial services arm of General Electric Co., has acquired the credit unit of insurer SAFECO Corp., according to a report by Reuters Securities. While financial details of the transaction were undisclosed, Reuters reported its had sources familiar …
Pursuant to a previously announced letter of intent, Hub International Ltd. acquired Burnham Insurance Group, a regional insurance broker based in Battle Creek, Michigan, with offices throughout Michigan and in Chicago, Cleveland, and Dallas. The Burnham Insurance Group, a regional …
According to a new study by Guy Carpenter &. Co. Inc., a leading global reinsurance intermediary, as insurance companies address their ability to manage capital more efficiently to achieve greater profitability, reinsurance will play an increasingly larger role in capital …
