Latest Safeco Insurance Headlines
All the headlines from our Safeco Insurance Topic Page, ordered by recency.
Safeco Announces $250 Million Share Repurchase Program
Feb 7 2006 // Seattle-based Safeco has executed a Rule 10b5-1 trading plan to purchase up to $250 million of its outstanding common stock. That will allow Safeco to repurchase its shares during periods when the company would normally...
Business Moves
Feb 5 2006 // Morgan Hill, Calif.-based DMI Insurance Services Inc., has created a wholesale division that will specialize in excess and surplus markets for independent auto dealers and automotive specialty shops. Tina Evans, an...
Safeco Names LaRocco President
Feb 2 2006 // Seattle-based Safeco CEO Paula Rosput Reynolds announced the appointment of Michael LaRocco as president and chief operating officer of Safeco Insurance Companies. In this expanded role, LaRocco will bring together the...
Safeco Posts Nearly 5 Percent Revenue Increase
Jan 24 2006 // Seattle-based Safeco has announced its fourth quarter and year-end results. The company reported its net income for the fourth quarter of 2005 was $190.7 million, compared with $179.8 million during the same period the...
People & Places
Jan 23 2006 // Shelly Diegel has been elected chairman of the National Association of Professional Insurance Agents‘ company council of executive officers for 2006. Diegel is vice president for small business distribution at Zurich...
People
Jan 22 2006 // Shelly Diegel has been elected chairman of the National Association of Professional Insurance Agents’ company council of executive officers for 2006. Diegel is vice president for small business distribution at Zurich...
People & Places
Jan 2 2006 // Frank Sheppard Michael Robinson has been named vice president and zone manager of ACE USA Professional Risk’s, Southeast Region, a division of the ACE Group of Companies. Robinson will work with brokers and clients...
People
Jan 1 2006 // Michael Robinson has been named vice president and zone manager of ACE USA Professional Risk’s, Southeast Region, a division of the ACE Group of Companies. Robinson will work with brokers and clients in the southeast...
Safeco Hosts Internet Broadcast of Financial Results
Dec 21 2005 // Safeco is hosting an Internet broadcast of its conference call to discuss fourth-quarter and year-end financial results. The broadcast will be held 11 a.m. (EST) on Jan. 24, 2006, at www.safeco.com/webcast. To hear the...
Rosput Reynolds Named Safeco President; Brown Elected Non-Executive Chairman of the Board
Dec 7 2005 // Safeco announced that Paula Rosput Reynolds has been named the company’s new president and chief executive officer effective Jan. 1, 2006. Reynolds also was appointed to Safeco’s board of directors. Reynolds,...
SAFECO SEES AFTER-TAX LOSSES FROM WILMA AT $29 MILLION
Dec 5 2005 // Seattle-based Safeco has announced estimated after-tax catastrophe losses from Hurricane Wilma of $29 million, or $0.23 per diluted share. Pretax catastrophe losses from the storm are estimated at $45 million. Those...
News Briefs
Dec 4 2005 // New Online License Service Available for Wash. Agents and Brokers Insurance agents, brokers and other insurance professionals licensed to transact business in Washington can now print copies of their licenses from their...
Safeco Board of Directors Announces Share Repurchase Plan
Dec 2 2005 // Safeco has announced that its board of directors has increased the company’s share repurchase authorization to 10 million shares, including shares that remain available for repurchase under previously approved...
Safeco Names McNichols Vice President for Audit Services
Nov 30 2005 // Seattle-based Safeco has named Robert McNichols vice president – Audit Services effective Dec. 5, 2005. In this role, he will be responsible for overseeing internal audits and reviews of the company’s financial...
Safeco Automates Sales for Mid-Market Commercial Accounts
Nov 18 2005 // Seattle-based Safeco has announced it has fully automated the sale of commercial insurance packages to more than 800 classes of small- and mid-sized businesses. In 16 states and the District of Columbia, independent agents...
Safeco Sees After-Tax Losses from Wilma at $29 Million
Nov 10 2005 // Seattle-based Safeco announced estimated after-tax catastrophe losses from Hurricane Wilma of $29 million, or $0.23 per diluted share. Pretax catastrophe losses from the storm are estimated at $45 million. These figures...
Safeco Automating Sales Process for Mid-Market Commercial
Nov 8 2005 // Safeco announced it is one of the first insurance companies to fully automate the sale of commercial insurance packages to more than 800 classes of small- and mid-sized businesses. In 16 states and the District of...
Safeco Unveils Q3 Report; Hurricanes Play Major Role
Oct 18 2005 // Seattle-based Safeco reported solid third-quarter results, with net income of $101.1 million, or $0.80 per diluted share. This figure includes estimated after-tax net catastrophe losses of $115.8 million, or $0.91 per...
Safeco: Rita Losses at $27 Million
Oct 11 2005 // Seattle-based Safeco announced estimated after-tax catastrophe losses from Hurricane Rita of $27 million, or $0.21 per diluted share. Pretax catastrophe losses from the storm are estimated at $42 million. These figures...
Safeco Estimates Katrina After-Tax Losses at $78M
Sep 27 2005 // Seattle-based Safeco announced estimated after-tax catastrophe losses from Hurricane Katrina of $78 million, or $0.61 per diluted share. Safeco’s gross pretax losses before reinsurance are estimated to be $170...
