Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Munich Re Posts $2.44 Billion 2004 Group Net Profit
Mar 16 2005 // Germany’s Munich Re Group celebrated its 125th anniversary year in style, recovering from a 434 million euro ($578 million) loss in 2003 to post 2004 net profits of 1.833 billion euros ($2.44 billion) despite a...
R&SA Confirms Plan to Sell U.S. Non-Standard Auto Unit
Mar 14 2005 // While the U.K.’s Royal & SunAlliance moved out of the red in 2004 (See IJ Web site March 10), the company is still committed to further reforms of its U.S. operations, R&SA-USA. It has already significantly...
Aon Units Release Global Climate/Catastrophe Report
Mar 11 2005 // Two Aon subsidiaries, Aon Re Global and Impact Forecasting, LLC, have released a report on 2004’s natural catastrophes, describing “a year of freakish weather patterns, ending with the worst natural disaster in...
R&SA Posts $1.92 Million 2004 Profit; Names Two New U.S. Board Members
Mar 10 2005 // The U.K.’s Royal & Sun Alliance continues on the road to recovery, posting a £1 million ($1.92 million) net pretax profit and an operating result of £456 million ($876 million), compared to £140 million ($269...
Fla. Legislature Considering International Insurance Bill
Mar 9 2005 // The Florida Legislature is considering a bill that could make the state a center for international insurance, much as it already is for international banking. The House Insurance Committee unanimously passed the measure...
Jardine Lloyd Thompson Secures Lloyd’s of London Protection for Financial, Healthcare Sectors
Mar 9 2005 // JLT Risk Solutions Ltd. and Jardine Lloyd Thompson LLC, part of Jardine Lloyd Thompson Group plc, reported insurance capacity has been secured within the Lloyd’s of London market to provide new insurance protection...
People & Places
Mar 7 2005 // Deneen Schmitt Deneen Schmitt and Jim Cottone are among two of the newest additions to the expanding Pittsburgh, Pa., operations of Willis Group Holdings. Schmitt has joined Willis from Aon to serve as a senior vice...
Killer Tsunamis and the Marine Insurance Market
Mar 7 2005 // Early in the morning on Dec. 26, 2004, opposing subterranean tectonic plates deep beneath the Indian Ocean floor shifted in violent unison along a line about 300 miles long. The energy released was on par with a 50-kiloton...
ChoicePoint: ‘Insurance Industry Databases Were Not Compromised’
Mar 7 2005 // ChoicePoint’s Clue Auto, Clue Property and Current Carrier insurance industry databases were not in any way involved or compromised by the fraud ring that obtained data from other ChoicePoint databases of public...
Jardine Lloyd Thompson Secures Lloyds of London Ins Protection to Financial & Healthcare Sectors as Identity Theft Grows
Mar 3 2005 // London: JLT Risk Solutions Ltd and Jardine Lloyd Thompson LLC, part of Jardine Lloyd Thompson Group plc (JLT.LN) said today insurance capacity has been secured within the Lloyd’s of London market to provide new...
FM Global Sees Strong Numbers for 3rd Straight Year
Mar 2 2005 // Commercial and industrial property insurer FM Global has reported a third consecutive year of strong operating performance, with 2004 marking a period in which the company increased its policyholder surplus significantly;...
General Re Under Scrutiny for Reinsurance Dealings with Failed Virginia Liability Reciprocal
Mar 2 2005 // General Reinsurance, a subsidiary of Berkshire Hathaway Inc., has been subpoenaed in an investigation of Reciprocal of America, a former Virginia-based professional liability insurer whose collapse is considered one of the...
MMC Downsizing Plan Includes Dropping ‘Unprofitable’ Marsh Accounts But Not Selling Putnam or Mercer
Mar 2 2005 // Giant insurance broker Marsh, battered by regulators, soft market prices and competitors in 2004, plans on dropping thousands of unprofitable U.S. middle and small market accounts as it implements its new business model...
Beazley Opens Up Shop in U.S. for Specialty Lines
Mar 2 2005 // London-based Beazley has started underwriting specialty lines business locally in the U.S. on behalf of its syndicates at Lloyd’s. The opening of its office in Farmington, Conn. is part of Beazley’s plans to...
Munsterman Joins CLUS as Assistant VP
Mar 2 2005 // Cunningham Lindsey U.S. Inc. (CLUS), headquartered in Dallas, announced the addition of Gary Munsterman as assistant vice president and national account executive. Munsterman will be based in Denver and will have sales and...
The McIntyre Group Reports Record 2004 Results; Regional Brokerage Doubles Revenue from 2003
Mar 1 2005 // Tony McIntyre, CEO and president of New Jersey-based The McIntyre Group, announced his firm’s strong performance for the fiscal year ending, Dec. 31, 2004. McIntyre stated that the insurance brokerage, had...
McIntyre Group Announces Record 2004 Results – Regional Brokerage Doubles Revenue from Previous Year
Feb 28 2005 // Cherry Hill, NJ – Tony McIntyre, CEO and President of The McIntyre Group released a statement today announcing his firm’s strong performance for the fiscal year ending, December 31, 2004. In a prepared text,...
QBE 2004 Operating Profit up 43% to $645 Million
Feb 25 2005 // Australia’s QBE Insurance Group announced a record operating profit after tax of A$820 million (U.S. $645 million) for the year ended Dec. 31, 2004, up 43 percent on the profit of A$572 million (U.S.$450 million)...
Hatch Joins U.S. Risk’s Austin Office
Feb 25 2005 // Dallas, Texas-based U.S. Risk Brokers announced that Connie Hatch has joined the firm as a senior broker in the Austin office. Hatch will be responsible for the development of a book of professional liability business from...
U.S.I. Chief Operating Officer O’Neil Resigns
Feb 25 2005 // U.S.I. Holdings Corporation announced that effective immediately Thomas E. O’Neil, senior vice president and chief operating officer, has resigned as an officer of U.S.I. to pursue other interests. U.S.I. said it has...
