Yearly Archives: <span>2006</span>

Greenfield to Join AXIS as CFO

Bermuda’s AXIS Capital Holdings Limited announced that David B. Greenfield will join the Company as Chief Financial Officer during the third quarter. He will also join the Company’s Executive Management Group and report directly to John Charman, AXIS’ CEO. Greenfield …

Swiss Re Hybrid Capital a Success

Swiss Re said it is “is on track to complete its external financing for the acquisition of GE Insurance Solutions with the successful placement of $2.0 billion equivalent of hybrid capital securities.” The bulletin noted that the Company had “enjoyed …

XL Announces Global Risk Conferences in Germany, U.S.

Bermuda’s XL Capital Ltd. announced that it will host two global risk conferences on the theme “One World Without Borders.” The first will be held on May 10-11 in Berlin, Germany, and the second on October 4-5 in Boston, Mass. …

Berkshire Hathaway to Post Q1 Results

Berkshire Hathaway announced that it will post its first quarter interim results to shareholders today, Friday, May 5, 2006 at approximately 5:30 p.m. Central time. To access the report go to: www.berkshirehathaway.com. The bulletin said the report will “contain information …

Axis Posts $195.2 Million Q1 Net

Bermuda-based AXIS Capital Holdings Limited reported net income available to common shareholders for the quarter ended March 31, 2006 of $195.2 million, or $1.19 per diluted common share, compared with $151.8 million, or $0.95 per diluted common share, for the …

Hawaii Declared as Disaster Zone

President Bush cleared Hawaii for millions of dollars in disaster relief from damages caused by flooding and heavy rains. Bush signed an emergency disaster declaration Tuesday that qualifies residents on Kauai and Oahu for relief money to help recover from …

Tonga Fails to Receive Tsunami Alert from Hawaii Center

Minutes after an earthquake struck near the South Pacific nation of Tonga, tsunami warnings began to radiate to countries as far away as Fiji and New Zealand by phone, e-mail and fax. But in the island country closest to the …

Former California Agent Charged with Fraud, Grand Theft

Donald Paul Hardwick, 43, of Fresno, Calif., has been charged with three felony counts of insurance fraud, theft of insurance funds and grand theft by embezzlement, stemming from investigations conducted by the California Department of Insurance Investigation Division and the …

Agents’ Group Answers Nine Questions About Poe Financial, Its Subsidiaries

Nine questions and answers about the receivership and status of Poe Financial Corp.’s subsidiaries Southern Family and Atlantic Preferred have been provided to Professional Insurance Agents of Florida members who “flooded” the association’s office with questions after reports that the …

Swett & Crawford Appoints New Staff Nationwide

Swett & Crawford has announced new additions to their staff in offices nationwide. Margaret Jacobs moves to the Swett & Crawford Chicago office as director, Healthcare Practice Group, from Aon Risk Services where she was managing director of the National …