The Lousville-based Langan Insurance Agency is being acquired by BB&T Insurance Services of Raleigh, N.C. Lagan has 41 employees. According to Wade Reece, BB&T president, Bill Roby Sr., Langan president and Tom Barrett, vice president will become agency managers of …
A report from Standard & Poor’s Ratings Services indicates that its ratings on Europe’s insurers have continued to stabilize during 2004. “Only five out of the 20 groups covered in this report continue with a negative outlook, compared with just …
The U.K.’s Wellington Underwriting plc. announced that it has completed the purchase of AXA Corporate Solutions Excess and Surplus Lines Insurance Company, first announced on June 25, 2004. The bulletin noted that final regulatory approvals have been received and that …
Dublin’s Research and Markets has announced the addition of a guide to U.K. Commercial Insurance Distribution 2004 to their offering. “This report provides a comprehensive guide to the distribution of commercial general insurance, including current and future distribution channel market …
A.M. Best Co. announced that it has assigned a “bbb” rating to the $50 million fixed to floating rate subordinated bonds due 2019 issued by the U.K.-based insurer Amlin plc. It also assigned an issuer credit rating of “bbb+” and …
A report from the Financial Times indicates that France’s Axa Group is in serious discussions with Credit Suisse to acquire Winterthur, the banking group’s insurance division. Credit Suisse had dropped hints earlier this month that it would be interested in …
Los Angeles-based Lockton Insurance Brokers Inc., a commercial insurance brokerage, announced that it has signed a seven-year lease for an additional 23,994 square feet of corporate headquarters space at downtown’s Ernst & Young Plaza. The new lease represents an expansion …
ACE INA, a U.S.-based division of The ACE Group of Companies, announced two appointments in its Government Affairs and Legal unit. Patricia Henry has been promoted to executive vice president, Government Affairs and Legal, and Robert Omrod has joined ACE …
West Virginia Gov. Bob Wise recently announced that the Disaster Recovery Board approved more than $3.8 million to assist West Virginians who have experienced repetitive flooding. “The money distributed through the Hazard Mitigation Grant Program allows us to purchase properties …
The 2003-04 session of the Pennsylvania General Assembly adjourned in the early hours of Nov. 21 to conclude what the industry’s American Insurance Association (AIA) described as a successful and productive legislative session. Insurers were particularly pleased with legislative activity …
