Monthly Archives: <span>May 2002</span>

NCCI Holdings Inc. Says Workers’ Comp Market Remains Difficult

NCCI Holdings, Inc., delivered its “State of the Workers Compensation Insurance Line” presentation to an estimated 500 insurance executives at the NCCI Annual Issues Symposium (AIS) in Orlando, Fla., claiming the state of the workers’ comp market remains tough with …

Amerisure Names Whyte to Board of Directors

Michigan-based Amerisure Mutual Insurance Company named Bettina M. Whyte of Jay Alix & Associates Inc., New York, to the company’s board of directors. She succeeds Dr. Martha R. Seger, who retired from the board May 9, 2002, after serving 11 …

Iowa Gov. Vetoes Bill That Would Have Spared Insurers From Paying Twice for Injury

Iowa Gov. Tom Vilsack has vetoed a bill that would have remedied a court ruling that requires insurers to pay again for a first injury when a worker suffers a second injury. “Senate File 2190 would have corrected a very …

XL’s Reinsurance Units Launch New Website

XL Re Ltd, XL Re Latin America LTD, Le Mans Re and XL Reinsurance America, Inc., the reinsurance operations of Bermuda’s XL Capital LTD, announced the launch of their new joint website: http://www.xlre.com . “The new website contains useful information …

Arch Capital Notes Significant Q1 Changes

Bermuda-based Arch Capital Group issued a statement concerning its Q1 earnings report reflecting the changes in capitalization and strategy that it has undertaken during the past year. Arch indicated that comparisons of 2002 and 2001 results of operations are not …

Zurich Names James Schiro as New CEO

Zurich Financial Services announced that James Schiro it has been appointed as its new CEO effective May 17. Schiro, a former head of PricewaterhouseCoopers and currently one of Zurich ‘s two Chief Operating Officers, will take over from Rolf Hueppi, …

S&P Removes Lloyd’s from CreditWatch, Affirms ‘A’ Rating

Standard & Poor’s announced that it has removed the Lloyd’s insurance market from CreditWatch, where it was placed on Sept. 20, 2001, and has affirmed its single-‘A’ insurer financial strength rating. “The rating actions reflect the continuing commitment of capital …

AXA’s Q1 Total Revenues Rise 1.9% to $19.2 Billion

France’s AXA Group reported that consolidated revenues for the first quarter rose 1.9% to € 21.1 billion ($19.2 Billion) compared with the prior year period, largely driven by a hefty 24.3 percent rise in international insurance sales which surged by …

Harleysville Named in Top 100 for Info Tech Employees

Information Technology employees appreciate working for Pennsylvania’s Harleysville Insurance, one of the country’s top ranked small commercial lines underwriters. It’s been named by IDG’s Computerworld as one of the 100 “Best Places to Work in IT” in the United States. …

MIIX Reorganization Endorsed by InterMedix

Even as it winds down its 25 year life as one of New Jersey’s leading medical malpractice insurers (See IJ Website May 10 and 7), the Lawrenceville based MIIX Group is receiving new support for the resurrected, physician-owned, company it …