Mike Foley News

Foley Named New Board Member at Holmes Murphy & Associates

Iowa-based independent broker Holmes Murphy & Associates has named Mike Foley, a senior vice president and shareholder of the company, as its newest board member. During his more than 25 years at Holmes Murphy, Foley has contributed to the success …

Zurich Makes Senior General Insurance Sector Executive Appointments

Zurich Financial Services Group announced key appointments within its General Insurance (GI) segment, which, it said, were “related to the ongoing review of the GI business, which is part of a Group-wide initiative to clarify accountability, focus on responsibility and …

Zurich Announces Restructured Senior Management Appointments

Zurich Financial Services Group has announced a “streamlined” management structure and related senior management appointments. “At the core of the new structure is a reaffirmation of Zurich’s segment-oriented approach to managing its insurance businesses globally,” the bulletin explained. The appointments …

Business Moves

Wells Fargo Insurance Services, North Coast Surety Wells Fargo Insurance Services Inc., part of Wells Fargo & Co., acquired the assets of North Coast Surety Insurance Services and North Coast Surety Technologies. Terms were not disclosed. North Coast Surety Insurance …

USG Expands with Two New Offices

USG Insurance Services Inc, a national wholesale broker of commercial insurance is expanding operations with the addition of a new office in Irvine, Calif. The creation of the new southern California office is the first of several in USG’s plan …

Declarations

Drunk Driving Crackdown “It’s a wakeup call” —Rhode Island State Sen. Leonidas Raptakis (D-Coventry), commenting on a report that ranked the Ocean State among the three worst in the nation when it comes to policies that curb drunk driving. Raptakis …

Declarations

Insufficient Warning “I think all three agencies have been irresponsible in not accurately warning citizens.” —Stephen Smith, executive director for the Southern Alliance for Clean Energy, criticizing federal, state and Tennessee Valley Authority officials for their handling of safety concerns …

Zurich Insurance Says It’s Actively Looking for Acquisitions

Swiss insurer Zurich Financial Services Group, a serial acquirer in recent years, is not letting tighter credit markets hamper its pursuit of acquisitions, a company executive said on Monday. “Zurich is definitely in a position where it can consider acquisitions,” …

Zurich Gaining Commercial Insurance Clients Away from Rivals

Swiss insurer Zurich Financial Services Group is drawing U.S. commercial clients away from financially beleaguered rivals, a company executive for North America said on Friday. “We have seen higher submissions and higher win rates,” Mike Foley, chief executive of Zurich …

Zurich Integrated Products Accepting New Midwestern Businesses

Schaumburg, Ill.-based Zurich North America Commercial announced today that its new Zurich Integrated Products unit is accepting new business submissions from agents and brokers in several Midwestern states for commercial customers in the small-to-middle market segments. Zurich launched this new …