The New Jersey based MIIX Group, Inc., a provider of medical professional liability insurance services, announced a net operating loss for the fourth quarter ended December 31, 2002, of $63.7 million, or $4.77 per share, compared to a net operating …
The Professional Insurance Agents of Connecticut announced that Diane L. Eger, VP of Orange Insurance Center in Orange, will receive the organization’s ” Professional Agent of the Year award” at this year’s PIACT convention, to be held at the Foxwoods …
Boston’s Sheppard Riley Coughlin (SRC), one of the Northeast’s leading insurance brokerage firms, announced that it has been acquired by Hilb, Rogal and Hamilton Company (HRH), the world’s tenth largest insurance intermediary. The bulletin indicated that “SRC Founders Thomas W. …
Montpelier Re Holdings Ltd., the Bermuda-based reinsurer formed by the White Mountains insurance group, reported net income of $73.7 million, or $1.11 diluted earnings per share, for the three months to December 31, 2002 and net income of $152.0 million, …
Graham C. Pewter, former president and CEO of Commercial Risk Partners Limited, has been appointed as president and chief executive of Catlin Insurance Company Ltd. (CICL) in Bermuda. “In his new role at Catlin, Graham Pewter will have overall responsibility …
Swiss-based Zurich Financial Services (ZFS) confirmed previous indications that 2002 was a very bad year by posting a $3.4 billion net loss. The losses were mainly due to special writeoffs and the decline in equity values, which amounted to around …
France’s AXA Group posted a 10 percent increase in “underlying earnings” for the year 2002, helped by significant increases in premiums in its P/C business. The results, while generally good, also reflect significant writedowns in the group’s equity portfolio and …
Based on recommendations from two stakeholder advisory panels, Calif. Insurance Commissioner John Garamendi is proposing immediate action in seven areas to restructure California’s ailing workers’ compensation system, which experts agree is driving businesses out of California. The seven areas of …
Texas Lt. Gov. David Dewhurst commented that homeowners insurance rates in Texas are running some 12 to 18 percent higher than they should be. According to the Houston Chronicle, Dewhurst made the remarks after Gov. Rick Perry signed a bill …
Advanced Financial Solutions Inc. (AFS), a provider of image-based remittance processing solutions for insurance, based in Oklahoma City, announced that a prominent regional insurance company has selected the AFS ImageVision Remittance solution as the centerpiece of their new remittance processing …
