Capstone Underwriters Inc., based in Dallas, Texas, announced that Patrick Kerael has joined the firm as executive vice president and chief financial officer. Kerael most recently held the position of comptroller and project manager for the Sanford Writing Division of …
PWIB Texas reported that Russ Kirchner has joined the company as senior underwriter/broker. Kirchner will work out of PWIB Texas’ San Antonio office at 1380 Pantheon Way, Suite 390. Kirchner has 35 years’ experience as an insurance wholesaler, having served …
Chicago-based Fort Dearborn Life Insurance Company, a subsidiary of Health Care Service Corporation., a Mutual Legal Reserve Company, has announced its intent to acquire the life and disability business of Highmark Life Insurance Company. “This is another important step in …
A high-profile litigator in Moss Point, Miss. said that a whistleblower is helping him build a case against insurers that allegedly denied thousands of claims from policyholders whose homes were destroyed in Hurricane Katrina. Richard “Dickie” Scruggs, who helped secure …
Recent developments in the Mississippi wind vs. flood case and statements by attorney Richard “Dickie” Scruggs about having information from one or more whistleblowers are serious allegations and he should be challenged to “put up or shut up,” Bill Bailey, …
Standard & Poor’s Ratings Services announced that it has revised its outlook on the holding companies and core operating entities of Netherlands-based insurance group Eureko to positive from stable, “reflecting the greater clarity of the potential synergies available from the …
A.M. Best Co. announced that it has placed the financial strength rating (FSR) and the issuer credit ratings (ICR) of the operating subsidiaries of Odyssey Re Holding Corp. and the debt ratings of Odyssey under review with negative implications following …
Global insurance broker Willis Group Holdings, Limited announced that Eric Friberg, Sir Roy Gardner and Sir Jeremy Hanley will stand for election as directors at the Company’s Annual General Meeting of shareholders on April 26, 2006. Although they may have …
As the oldest marine insurer in the world, Lloyd’s has long been aware of the menace pirates pose to shipping. These days, however, they aren’t the “Yo, ho, ho and a bottle of rum” kind of pirates, but a modern …
Tropical Cyclone Larry hit Northern Australia as a category 5 storm with winds of up to 290 kph (175 mph) the most powerful in memory. Larry came ashore near the town of Innisfail in the State of Queensland, about 100 …
