Saul Steinberg resigned on May 1 as chairman of Reliance Group Holdings Inc. and its Philadelphia subsidiary, Reliance Insurance Co. According to the Associated Press, a spokeswoman for the Pennsylvania Department of Insurance confirmed that both Steinberg and an interim …
Zurich North America introduced a new private equity fund liability insurance product. The Private Equity Liability Insurance product provides protection for directors, officers and general partners of private equity funds with at least $100 million in committed capital or greater. …
Sen. Conrad Burns (R-Mont.) was honored as the Independent Insurance Agents of America’s (IIAA) 2000 Gerald Solomon Legislator of the Year during the Association’s 25th annual National Legislative Conference in Washington, D.C. Burns is the seventh IIAA Legislator of the …
Illinois-based Monitor Liability Managers, Inc., a member company of W.R. Berkley Corporation, rolled out a new Non-Profit Directors’ and Officers’ Liability Insurance Program. This program is primarily available through Monitor Online, a system that allows Monitor’s distribution network to obtain …
International Insurance Group Inc., in conjunction with Grupo Nacional Provincial (A.M. Best rated “A-9”), announced the launch of its website designed to allow agents, brokers and consumers to issue Mexico auto insurance policies online. The site also allows agents and …
Canada’s Fairfax Financial Holdings Ltd. reported net income for the first quarter ended March 31 of $30.9 million (or $2.11 per share), down from $35.9 million (or $2.58 per share) for the same period in 2000. The company attributed the …
Royal & Sun Alliance Insurance Group PLC will sell its subsidiary, Swinton (Holdings) Ltd. to MMA Insurance, a part of MMA Holdings UK PLC, for approximately 54 million sterling in cash. The net assets being disposed of are approximately STLG …
For the first quarter ended March 31, SCPIE Holdings Inc., one of the nation’s major providers of healthcare liability insurance reported net operating income (excluding realized investment gains and losses) of $1.5 million (or $0.16 per share), compared with $4.4 …
Watsonville, Calif.-based West Marine Inc. reported that net sales for the four weeks ended April 28, 2001 were $51.1 million, a 4.9 percent increase from net sales of $48.7 million for the same period a year ago. Comparable store net …
CPA2Biz announced a multi-million dollar investment by Aon Corporation. Under the partnership, Aon will provide insurance and related services to certified public accountants, their employers and business clients. In addition, CPA2Biz will be able to draw on the extensive resources …
