Yearly Archives: <span>2006</span>

XL Insurance Notes New Developments in Global Aerospace Operations

David Duclos, COO for XL Capital Ltd’s (“XL”) insurance operations (“XL Insurance”), reported changes within XL Insurance’s global aerospace business. London-based Peter Bilsby has been appointed chief underwriting officer of XL Insurance’s Aerospace operations, which has underwriting teams in the …

Best Affirms FSR for Lloyd’s Syndicate 1225; Outlook is Stable

A.M. Best Co. has affirmed the Best’s Syndicate Rating of A (Excellent) and issuer credit rating (ICR) of “a” of Lloyd’s Syndicate 1225 (United Kingdom), which is managed by AEGIS Managing Agency Ltd (AEGIS UK). The ultimate parent of AEGIS …

Gormley Promoted to Senior VP at Lighthouse Underwriters

Lighthouse Underwriters, an Anandale-Va.-based program underwriting company, announced that Sean Gormley has been promoted to senior vice president. In this position he will be responsible for the day-to-day operations at Lighthouse. Lighthouse recently was acquired by U.S. Risk Insurance Group, …

Goldman Sworn in as Acting N.J. Insurance Commissioner

Steven M. Goldman was sworn in as Acting Commissioner of the New Jersey Department of Banking and Insurance on March 1, 2006. Prior to his nomination by Governor Jon S. Corzine, Goldman was a senior member and 22-year veteran of …

NAMIC, Indiana Trade Praise Passage of Farm Mutual Tax Reform Bill

A farm mutual tax bill introduced by the National Association of Mutual Insurance Companies and the Mutual Insurance Companies Association of Indiana recently passed the Indiana General Assembly. According to a written statement issued by NAMIC, the national trade and …

RIMS Hosts Property, Casualty and D&O Seminar

The Golden Gate Chapter of RIMS is hosting a seminar on the “State of the Market: What You Should Know about the Markets for Property, Casualty and D&O” on Thursday, March 16, 2006, in San Francisco. Speakers include: Chris Ewers, …

University of Wyoming Offers Workshop to Help Reduce Agricultural Risk

Workshops focusing on energy crops, manure and irrigation management, and risk management and insurance products will be offered this month to producers in Pine Bluffs, Casper, Riverton and Powell, Wyo. The programs, sponsored by the University of Wyoming Cooperative Extension …

Mass. Closer to Employer Charge, Individual Mandate for Health Coverage

Massachusetts moved a step closer to dramatically expanding health coverage last week after House Speaker Salvatore DiMasi and Senate President Robert Travaglini said they’ve broken a legislative impasse blocking a major overhaul of health care. Appearing at a joint Statehouse …

ICT: $1.5B Paid on Hurricane Rita Claims in Texas

The Insurance Council of Texas reported that insurance companies have settled 90 percent of property claims in Texas that were the result of the devastation caused by Hurricane Rita that struck in late September 2005. According to ICT Texas residents …

State Fund to Host Restaurant Health and Safety Workshop in San Francisco

California’s State Compensation Insurance Fund will sponsor a free restaurant health and safety workshop in San Francisco to help restaurant supervisors and owners design a comprehensive safety training program and comply with state and federal workplace regulations. Featured speaker for …