Mr. Donnelly will be succeeded in the position of Chief Financial Officer by Martin Kelly, whose appointment to succeed Mr. Donnelly was also announced by the Company, as further described below. Under the terms of the Separation Agreement, unless Mr. Donnelly’s employment is terminated by the Company for cause or by reason of death or disability, Mr. Donnelly will…
Newswires
TransactRx, the nation’ s leading provider of vaccine billing solutions, today announced the launch of a complete billing and contracting solution for public health departments. A combination of increasing numbers of patients with insurance utilizing local health departments and funding pressures have lead to a national initiative lead by the Centers…
A.M. Best Co. has upgraded the financial strength rating to B+ from B- and issuer credit rating to“ bbb-” from“ bb-” of Medico Insurance Company. Medico’ s ratings had been placed under review following the announcement of American Enterprise Group, Inc.’ s intent to have Medico join the American Enterprise Mutual Holding Company organization. A.M. Best believes Medico…
A.M. Best Co. has upgraded the financial strength rating to A from A- and issuer credit rating to“ a” from“ a-” of Zurich American Life Insurance Company. The outlook for both ratings is stable. A.M. Best believes the company’ s operating performance will remain challenged until it benefits from growth and scale from its new business strategy.
HAMILTON, Bermuda, July 9, 2012– S.A.C. Re, Ltd. announced today that it has commenced operations with $500 m of contributed capital, raised in a private placement of the equity securities of its parent, S.A.C. Re Holdings, Ltd.. Simon Burton, Chief Executive Officer, will lead the senior management team, which includes Jonathan Reiss, Chief Financial Officer; Claude…
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July 09– Security Insurance Services Inc., of New Berlin, has been acquired by global risk management and consulting firm Marsh& McLennan Companies Inc.. Marsh said all 65 Security employees, including Chief Executive Officer and President Scott Naze, will join Marsh and continue to work from their offices in New Berlin and Appleton. The acquisition is the Marsh&…
A.M. Best Co. has removed from under review with negative implications and affirmed the financial strength rating of A- and issuer credit rating of“ a-” of Labuan Reinsurance Ltd. Best’ s opinion, the capital raised is sufficient to offset the losses from the Thailand flooding and from Labuan Re’ s indirect participation in the run-off of Lloyd’ s Syndicate 1965..
LOUISVILLE, Ky.– Health insurer Humana Inc. said Monday that it completed the purchase of SeniorBridge, a company that provides chronic care and is best known for offering in-home care for the elderly. Humana agreed to buy Senior Bridge in November and has not disclosed terms of the deal. Humana said SeniorBridge had about $72 million in revenue in 2011, and the…
July 09– YOUNGSTOWN– A local health care services organization that serves senior citizens throughout the Mahoning Valley is marking its 40th anniversary this year. Shepherd of the Valley Lutheran Retirement Services Inc., with locations in Niles, Poland, Boardman and Howland, says it has managed success since 1972 when it was first established, even as health…
The John Hancock Life Insurance Advanced Markets Group has developed two technology tools that enable producers to better meet the needs of key client groups: high net worth customers and small business owners. With the Business Analyzer, producers can help business owners determine the most appropriate non-qualified plan options available to help them…
Marsh& McLennan Agency LLC, a subsidiary of insurance broker Marsh Inc., today announced the acquisition of Security Insurance Services Inc., one of the largest insurance agencies in Wisconsin. Security Insurance Services will operate as a division of RJF, a Marsh& McLennan Agency company, expanding MMA’ s presence in Wisconsin. “Security Insurance Services is a…
Radian Guaranty Inc., the mortgage insurance subsidiary of Radian Group Inc., today released data for primary mortgage insurance delinquencies for June 2012. Radian Asset Assurance Inc. continues to serve as an important source of capital support for Radian Guaranty and is expected to continue to provide Radian Guaranty with cash infusions over time.
ATLANTA, July 9, 2012– AAA Mid-Atlantic Inc. and Ebix, Inc., a leading international supplier of On-Demand software and E-commerce services to the insurance industry, today announced that AAA has successfully adopted Ebix’s SaaS based agency management system EbixASP. We are very pleased with the timely and efficient manner in which Ebix handled the project…
ATLANTA, July 9, 2012– AAA Mid-Atlantic Inc. and Ebix, Inc., a leading international supplier of On-Demand software and E-commerce services to the insurance industry, today announced that AAA has successfully adopted Ebix’s SaaS based agency management system EbixASP. We are very pleased with the timely and efficient manner in which Ebix handled the project…
July 09– ASHLAND– A former Allstate insurance agent from Greenup County has filed a $15 million breach-of-contract and fraud lawsuit against his former employer, alleging the insurer engaged in a scheme to squeeze him out of business and redirect his clients to a newer, younger agent. In the suit, filed June 29 in U.S. District Court by attorney Michael C. Wilson,…
LifeSecure Insurance Company today announced that its individual long-term care insurance and its multi-life worksite LTCI program, OM™, are now available to residents and agents in California. We are very excited to bring our philosophy to California and offer a new choice to those in search of affordable and uncomplicated coverage. LifeSecure Insurance…
Nominations for the following properties being considered for listing or related actions in the National Register were received by the National Park Service before June 9, 2012. Comments may be forwarded by United States Postal Service, to the National Register of Historic Places, National Park Service, 1849 C St. NW., MS 2280, Washington, DC 20240; by all other…
SUMMARY: This proposed rule would amend the regulations governing FHA’s Section 232 Healthcare Mortgage Insurance program. DATES: Comment Due Date: September 7, 2012. ADDRESSES: Interested persons are invited to submit comments regarding this proposed rule to the Regulations Division, Office of General Counsel, Department of Housing and Urban Development,…
