Archive for April, 2010
Travel insurance compulsory for Cuba visitors
The Cuban government has announced that travel insurance will be mandatory for all foreign tourists from 1 May.
Originally the country’s government had said only policies from a list of approved providers would be acceptable. No such list has been published yet, despite requests, and it looks as if officials have now dropped the idea of […]
IOA Insurance Services Adds 7 Producers in California
Florida based Insurance Office of America has added seven new producers.
Barry Nordstrom and David Mohn join IOA's San Diego operation. Nordstrom and his team specialize in the insurance and risk …
Willis reports Q1 profits of $204m
Global insurance broker Willis Group Holdings plc has reported its financial results for Q1 2010.
Willis achieved net income of $204m, equating to $1.2 per diluted share, a modest rise on the $192m ($1.15 per diluted share) recorded in Q1 2009.
Quarterly net income was hit by charge of $12m ($0.07 per diluted share) relating to the […]
Quinn Insurance job cuts explained
A breakdown of Quinn Insurance redundancies by location
U.S. Congressman Requests Disaster Assistance for Louisiana Fishermen
U.S. Congressman Charlie Melancon of Louisiana has urged federal administrators to direct disaster funding to Louisiana's commercial and recreational fishermen as a result of the explosion and oil …
The Hartford’s P/C Income Jumps $145M in Q1
The Hartford Financial Services Group, Inc. reported first quarter 2010 net income of $319 million.
Property and casualty net income rose $145 million, to $257 million for the first quarter of …
PartnerRe Oil Platform Disaster Loss Estimates Put at $60-$70 Million
Bermuda-based PartnerRe Ltd. announced preliminary estimates of expected claims, relating to the recent explosion of the Deepwater Horizon Drilling Platform in the Gulf of Mexico, as in "the range …
California Contractors Self-Insured Group Closes
The California Office of Self-Insured Plans is revoking the certificate of the Contractors Access Program of California (CAP), a self-insured group of contractors, as requested by the …
Zenith Shareholders Approve Merger With Fairfax
Fairfax Financial Holdings Ltd. announced that Zenith's shareholders voted (by 98.9 percent of the votes cast) in favor of Fairfax's acquisition of Zenith for $38 cash per share. The merger …
Mattucci-Mychajliw Appointed Underwriting Officer for CNA in New York
CNA has appointed Belinda Mattucci-Mychajliw to commercial underwriting officer for its New York Metro branch office.
In this position, Mattucci-Mychajliw joins nine recently announced commercial …