Bermuda-based RenaissanceRe Holdings Ltd. reported $126.9 million in first quarter net operating income available to common shareholders, compared to $86.6 million in the first quarter of 2002. Operating earnings per common share grew to $1.80 in the first quarter, from …
Brookfield, Wis.-based Fiserv Inc. processing and services revenues of $624.8 million, an 11 percent increase over the $560.7 million for the first quarter of 2002. Net income per share-diluted for the first quarter of 2003 was 38 cents per share, …
Afni Insurance Services, a provider of Business Process Enhancement solutions for the insurance industry and developer of CSR24, announced that two offices (Naples and Ft. Myers, Fla.) of Brown & Brown, Inc. have selected Afni Insurance Services to deliver 24/7 …
Palmer & Cay, Inc., an insurance brokerage and benefits consulting firm, has expanded its services to include a team of specialists focusing exclusively on the equine industry. The new practice will be based in Versailles, Ky., a major center for …
Alaska legislators will consider three bills this week that would reportedly restrict or prohibit insurance companies’ use of credit information, potentially increasing the costs for auto and homeowners policies. The Senate Labor and Commerce Committee has scheduled an April 22 …
A California law requiring insurance companies operating in the state to provide detailed reports about Holocaust-era polices or forfeit their ability to sell insurance in California exceeds state legislative and regulatory jurisdiction and jeopardizes the federal government’s ability to conduct …
Insurers have a given a “thumbs up” to a proposal by the New York Insurance Department to improve the efficiency and effectiveness of the operation of the National Association of Insurance Commissioners’ (NAIC) Securities Valuation Office (SVO). The proposal, now …
Fidelity National Financial, Inc., a provider of products, services and solutions to the real estate and financial services industries, has entered into a definitive agreement to acquire the flood insurance business of Mutual of Omaha’s subsidiary, Omaha Property and Casualty …
Nineteen months after the World Trade Center attacks sent the market into turmoil, premium increases for commercial property/casualty insurance are moderating, and there are signs the marketplace is beginning to stabilize, according to the First Quarter 2003 Market Index survey …
Dallas-based Hallmark Financial Services Inc. announced the financial strength ratings of its two insurance subsidiaries have been upgraded by A.M. Best. American Hallmark Insurance Company of Texas was upgraded from “C+” to “B-” and Phoenix Indemnity Insurance Company was upgraded …
