In a time of financial turmoil, the insurance industry faces an unprecedented opportunity to begin selling on value and not on price, Joe Plumeri, Chairman and CEO of Willis Group Holdings the global insurance broker, told delegates at Insurance Day’s Summit Bermuda here. Delivering the keynote address at today’s event, Plumeri said that the [...]
Geneos Wealth Management, Inc., a Denver-based broker/dealer serving the investment industry’s most elite financial advisors, today announced that Colorado financial advisor G5 Financial Group has joined the firm.
With offices in Centennial, Colorado Springs, Erie, Fort Collins, Greenwood Village and Lakewood, G5 Financial Group manages approximately $580 million for clients up and down Colorado’s Front Range.
“Geneos [...]
In the table titled “HANMI FINANCIAL CORPORATION AND SUBSIDIARIES SELECTED FINANCIAL DATA (UNAUDITED)(Continued) (Dollars in Thousands)” in release dated October 23, 2008, under subhead “DEPOSIT PORTFOLIO,” at September 30, 2008, “Time Deposits of $100,000 or More” should read: $863,034 (sted: $655,659) and “Other Time Deposits” should read: $618,528 (sted: $825,903). “Total Deposits” was unchanged at [...]
First Mercury Financial Corporation “First Mercury” or the “Company”) announced results for the third quarter and nine months ended September 30, 2008.
Highlights for the quarter include:
— Premiums produced growth of 16.2 percent
— Net income of $0.1 million, or $0.01 [...]
Allstate announced it has selected Matthew Winter, 52, as president and chief executive officer of Allstate Financial. Winter will be responsible for leading Allstate Financial’s effort to provide life insurance and retirement products to middle-income Americans. He will serve as a member of the corporation’s senior management team, reporting to Thomas J. Wilson, Allstate’s chairman, [...]
AssuranceAmerica Corporation announced that John M. Mongelli has joined AssuranceAmerica Corporation as its Senior Vice President of Finance. John will also assume the role of Chief Financial Officer on August 16, following the filing of the company’s June 30, 2009 Quarterly Report. John was formerly the Vice President and Corporate Treasurer of ChoicePoint, Inc.
According [...]
The U.S. division of Sun Life Financial Inc. announced it has won the Better Business Bureau’s 2009 Local Torch Award for Excellence, marking the company’s fourth consecutive win in the category for businesses with over 1,000 employees. The award, given by the BBB serving eastern Massachusetts, Maine, Rhode Island and Vermont, selected Sun Life based [...]
Fox Insurance Company (the Company), a New York-based Medicare Part D provider announced today that it has contracted with Senior Financial Solutions (SFS) to provide sales support for their new EGWP product (employer & union sponsored retiree benefits). This new alliance will provide Fox Insurance Company with additional independent representatives who will market Fox’s products [...]
Canada needs to close the gap in pension coverage, and the private sector has the tools to do it, remarked Dean Connor, President, Sun Life Financial Canada. Connor was speaking today at a meeting at the Vancouver Board of Trade.
Connor noted that “The main pension gap is with a subset of Canadians who are not [...]
Heartland Financial USA, Inc. based in Dubuque, announced that is has acquired all deposits of The Elizabeth State Bank in Elizabeth, Ill. through its subsidiary Galena State Bank based in Galena, Ill. in a loss-share transaction facilitated by the Federal Deposit Insurance Corporation (FDIC).
“Customers can be assured that their deposits are safe and remain [...]
