A report from Dow Jones Newswire describes a new, wholly owned, P/C insurer established in Taiwan by Chang Hwa Commercial Bank, called CHB Insurance Brokerage Co. The DJ report indicated that the bank is seeking to expand its reach into …
Bermuda-based Montpelier Re Holdings Ltd. announced the appointment of Peter Woolf as Senior Vice President and Underwriting Review Manager, a new position within the company. Woolf will be responsible for overseeing the controls and procedures governing the Company’s global underwriting …
In a report published this week Standard & Poor’s said that, “continued rate increases in the global reinsurance market have failed to stem the downward pressure on ratings and the market outlook remains negative for the sixth successive year” As …
The State Compensation Insurance Fund released a statement regarding the lawsuit filed May 28 against California Insurance Commissioner John Garamendi and the California Department of Insurance (CDI). The suit, according to State Fund, is intended to “clarify his [Garamendi’s] and …
California-based Risk Management Solutions (RMS), a provider of products and services for the management of catastrophe risk, announced that the Earthquake Engineering Research Institute (EERI) has asked Dr. Fouad Bendimerad, vice president of RMS, to lead a reconnaissance team surveying …
FPIC Insurance Group Inc., based in Jacksonville, Fla., announced it completed a second $15 million private placement. Sandler O’Neill & Partners, L.P. (Sandler O’Neill) acted as placement agent for the offering. FPIC provides professional liability insurance for physicians, dentists and …
Plantation, Fla.-based 21st Century Holding Company announced that one of its subsidiaries, American Vehicle Insurance Company, has been approved by the insurance division of the Florida Department of Financial Services to begin writing General Liability policies. Richard A. Widdicombe, president …
Dickinson, Texas-based MaximInsurance announced that Kimberly Davies recently rejoined the company as account executive. An active member of the American Business Women’s Association, Davies was previously employed with a Nassau Bay insurance agency for four years. Prior to working in …
Oklahoma Insurance Commissioner Carroll Fisher warned citizens of his state who may have done business with Eastern Shores Casualty and Indemnity Co. and Continental Surety Company Ltd. that the companies are unlicensed to sell bonds in Oklahoma. In addition, Fisher …
Agents doing business with The Hartford Financial Services Group now can quote and request issuance of small commercial workers’ compensation business in real-time directly from their agency management system using Applied System’s Web Edits technology. The capability reportedly saves time …
