Sacramento-based InsWeb Corp. recently announced that it has purchased 2,241,440 shares of InsWeb Corporation common stock, consisting of 1,169,898 shares held by Intuit Insurance Services Inc. and 1,071,542 shares held by SOFTBANK America Inc. The shares were purchased for $3.8 …
The Professional Insurance Agents of Connecticut Inc. announced that Harleysville Worcester Insurance Co. Commercial Lines Territory Manager Allison B. McKiernan CPCU, CIC, AU will receive its Company Professional of the Year award. The formal presentation will take place at PIACT’s …
Gregory E. Murphy, chairman, president and CEO of Selective Insurance Group, Inc. headquartered in Branchville NJ, has announced a number of senior executive promotions: Details of the promotions are as follows : –Dale A. Thatcher, CPA, CPCU, (Sparta, NJ) to …
NY authorities announced the arrest of Merle D. Hover of Glen Aubry, New York, on charges of insurance fraud and attempted grand larceny stemming from a fraudulent claim he submitted stating that his daughter was killed in the World Trade …
Erie Indemnity Company announced good results for the fourth quarter and full-year 2002 with Q4 net income reaching $33.9 million, up from $5.9 million for the same period in 2001. The announcement also noted that — Net income per share …
According to a report from Dow Jones Newswires a Brussels judge has placed AGF Belgium and the chairman of its management committee, Louis de Montferrand, under investigation as part of a five-year probe into an alleged 56 million Euro [$60.5 …
Bermuda’s Renaissance Re Holdings Ltd. has field a shelf registration statement with the Securities and Exchange Commission to sell up to $200 million in mixed securities at various unspecified times. RenRe had previously registered $364.25 million in securities. The additional …
A.M. Best Co. announced that it has affirmed the financial strength rating of A (Excellent) of NIPPONKOA Insurance Company, Ltd., Tokyo, with a stable outlook. Best also assigned the company a financial size category of XV. “The rating reflects the …
Swiss Re indicated that it expects to post a net loss in the CHF 100 million ($73.7 million) range for the year 2002, due primarily to weakness in global equity markets, but the company also announced that the January renewal …
Ohio-based property and casualty insurer Westfield Group has named Robert J. Joyce CEO. He previously served as chief operating officer and chief financial officer of the company, and has been with Westfield since 1996. Joyce replaces Cary Blair, who will …
