Underwriter

XL Insurance Appoints Michael D. Martin Chief Property Underwriter for the Americas

January 7th, 2009

XL Insurance, the global insurance operations of XL Capital Ltd named Mike Martin as Chief Property Underwriter for the Americas.
Commenting on the appointment, John Gallagher, XL Insurance’s Chief Underwriting Officer for Global Property, said: “Mike’s appointment is well-deserved. It underscores his solid track record for profitable underwriting and his commitment to providing XL Insurance clients [...]

HCC Acquires VMGU Insurance Agency, a Niche Specialty Underwriter

January 7th, 2009

HCC Insurance Holdings, Inc. announced that it has acquired VMGU Insurance Agency, a leading underwriter of the lumber, building materials, forest products and woodworking industries. The acquisition, along with recently announced transactions in the Public Risk insurance sector, will further extend HCC’s reach in the specialty commercial package insurance market.
Based in Waltham, Massachusetts, VMGU [...]

Avant Capital Partners Closes $2,853,301 Bridge Loan for Dallas TX Multifamily Purchase / Rehab

October 7th, 2009

Avant Capital Partners (AVANT), a leading New York City based commercial mortgage bank that specializes in multifamily financing, closed a bridge loan of $2,853,301 for the acquisition and renovation of a 304-unit apartment complex in Dallas, TX. The loan was based upon 70% loan-to-cost and included the acquisition and renovation costs, as well as an [...]

New Mexico Superintendent of Insurance Rules New Mexico Title Insurance Rates to Increase 10.7 Percent Effective August 1, 2009

July 2nd, 2009

The New Mexico Superintendent of Insurance announced June 30, 2009, that effective August 1, 2009, real estate title insurance premiums would rise by 10.7 percent overall. Additionally, the remittance rates from title agencies to underwriters increased from 19 percent to 20 percent for residential properties. A new rate schedule has yet to be released.
This ruling [...]

Independence Holding Company Announces Semi-Annual Cash Dividend

June 27th, 2009

Independence Holding Company reported declaration of a semi-annual cash dividend of $0.025 per share of common stock, payable to stockholders of record on July 6, 2009, with a payment date of July 20, 2009.
IHC is a holding company principally engaged in the life and health insurance business and the acquisition of blocks of policies [...]

CNA Appoints Steve Stonehouse Western Zone Officer

June 9th, 2009

CNA Financial Corporation announced today that Steve Stonehouse has been appointed to the position of Western Zone Officer. In this role, Stonehouse – who recently served as president of CNA’s West Coast Operations – is responsible for aligning the branch structure of the global insurer’s Western Zone with its strategy to drive profitable growth.
One [...]

AQS Partners With FirstBest to Help P&C Insurers Speed Application Process and Deliver Products to Market More Quickly

June 8th, 2009

AQS, Inc., a provider of policy administration systems for property/casualty insurance, and FirstBest® Systems, Inc., developer of advanced Underwriting Management Systems(TM) (UMS) that enable property and casualty (P&C) insurance carriers to profit from better underwriting, have announced a strategic alliance to deliver AQS’ comprehensive rating and policy administration system with FirstBest’s agent portal and underwriting [...]

Great American Insurance Group’s Executive Liability Division Acquires AUSCO Business

June 7th, 2009

Great American Insurance Group’s Executive Liability Division is pleased to announce the acquisition of the Non Profit and Employment Practices Liability book of business from AUSCO, a division of Financial & Professional Risk Solutions, Inc., a subsidiary of Aon Corporation.
AUSCO has been providing management liability solutions for non-profit organizations since 1981. Since 2005, AUSCO and [...]

Great American Insurance Group’s Executive Liability Division Acquires AUSCO Business

June 6th, 2009

Great American Insurance Group’s Executive Liability Division is pleased to announce the acquisition of the Non Profit and Employment Practices Liability book of business from AUSCO, a division of Financial & Professional Risk Solutions, Inc., a subsidiary of Aon Corporation.
AUSCO has been providing management liability solutions for non-profit organizations since 1981. Since 2005, AUSCO and [...]

Monarch Dental Opens the 53rd Office in the Dallas/Ft. Worth Area & the 300th Office in the Bright Now Dental Inc. Portfolio — Providing “Smiles for Everyone”SM in Dallas/Ft. Worth

June 4th, 2009

Bright Now Dental Inc., the nation’s leading provider of business support services to dentists, announces the grand opening of a new Monarch Dental in Weatherford. The new office provides families with a convenient, comfortable environment where they can receive the latest in comprehensive, quality dental care.
The opening of the Weatherford office continues the progressive growth [...]