The ratings reflect JIC’s solid business position in Jordan, robust operating performance and strong risk-adjusted capitalisation. Going forward, A.M. Best expects JIC to continue growing between 5 percent and 10 percent over each of the next two years, and to remain focused in the local market. A.M. Best notes that whilst technical profitability has been…
Newswires
Michael Guyette will become CEO of Blue Cross and Blue Shield of Minnesota in early January, according to an announcement Wednesday, Dec. 17, from the Eagan- based health insurance company. Blue Cross has been without a CEO since July when the company pushed out Kenneth Burdick as chief executive officer due in part to concerns about a “culture clash” at the…
Insurer Axis Capital Holdings Ltd. estimated that it will lose about $300 million paying claims from Superstorm Sandy…
“Perhaps we’re biased being a New Jersey company and witnessing the devastation caused by Sandy firsthand, but we couldn’t imagine adding insult to injury by charging customers a higher rate if they have submitted a Sandy-related comprehensive auto claim,” said Gerry Wilson, President and CEO of Plymouth Rock Management Company of New Jersey. “
Mark Dresner to serve as the new Chief Executive Officer and a director of the Company. Previously, Mr. Dresner held the position of Senior Sales Executive at Digital Equipment Corporation. At Digital Equipment Corporation he was responsible for business development within New York City and, successfully identified and developed high margin,…
PHILADELPHIA, Dec. 17, 2012– AmeriHealth Casualty Insurance Company today announced that Glenn Giveans has joined the organization as vice president of sales and marketing. Most recently, he served as branch vice president at PMA Insurance Group where he oversaw the eastern Pennsylvania and New Jersey markets. Prior to his tenure at PMA Insurance Group,…
Altec Industries is establishing an on-site clinic at its facility on South Riverside Road. Besides the convenience, employees on Altec’s health insurance plan will be able to visit the clinic without paying a copay. Altec expects the facility to lower corporate health care costs by 30 percent within the first three years.
Slalom Consulting announced today that it has partnered with Kelley Blue Book to integrate its InfoDriver Data with the firm’s Motorcycle Symbol File, an industry-leading motorcycle insurance product and underwriting solution that helps insurance carriers improve their services. Slalom Consulting’s solution now incorporates valuation data for…
Combining these two highly capable teams enables the collective organization to increase our service offerings for our existing clients as well as enhance the ability of the combined company to acquire new clients and obtain the best talent in the industry.” said Bob Cannon, CEO of Cannon Aviation Insurance.“ We are very optimistic about the future for both our…
•National Western Life Insurance Company 2013 Executive Officer Bonus Program. •National Western Life Insurance Company 2013 Domestic Marketing Officer Bonus. •National Western Life Insurance Company 2013 International Marketing Officer.
Dec. 14– New flood elevation maps scheduled for release Saturday will show coastal New Jersey’s flood risk is greater than previously thought, officials from the Federal Emergency Management Agency said. “The risk profile in coastal communities has gone up,” Ryan Pietramali, chief of FEMA’s Risk Analysis Branch, said Friday. Maps to be released cover 10 counties:…
The Board of Directors of MVP Health Care today announced Denise V. Gonick has been named President and CEO. “After an extensive national search, I am pleased to announce that the best candidate to lead MVP Health Care is already with the company,” said Karen B. Johnson, who led the search committee for the MVP Board of Directors.“ Denise Gonick fits the profile of the…
Kirkland& Ellis LLP announced today that Sarkis Jebejian has joined the New York office as a partner in the Corporate Practice Group. Mr. Jebejian joins the Firm from the New York office of Cravath, Swaine& Moore LLP, where he was a partner in the corporate department. Most recently, he represented Flagstone Reinsurance in its sale to Validus Holdings; Genpact in an…
Dec. 17– The Herald-Leader posed some questions about Kentucky’s Health Benefit Exchange to those working on the program. Answer: Beginning in January 2014, the uninsured and self-employed will be able to buy insurance through Kentucky’s Health Benefit Exchange. Q: What kind of insurance exchange will Kentucky have?
A new Genworth white paper points out that life insurance isn’t intended to benefit the consumer; it’s designed for the loved ones who rely on that person’s financial support, both now and in the future…
Dec. 17– A $1.5 million legal settlement that resolves one of Cranberry’s darkest moments– the wrongful arrest and incarceration of a pregnant woman who was raped but was not believed by police– will not impact the township’s budget or tax rates. He was referring to a $1.5 million settlement between the township’s liability insurance carrier, United National…
Sun Life Financial announced the execution of a definitive agreement whereby Delaware Life Holdings will purchase Sun Life’s domestic U.S. annuity business and certain life insurance businesses for a base purchase price of US $1.35 billion…
Dec. 17– Henrico County- based Affinity Group Underwriters has created an insurance policy dedicated to helping bicyclists who suffer catastrophic injuries in a bike accident. The policy, which was started three weeks ago and is available in 31 states, including Virginia, is administered by Zurich American Insurance Co., a subsidiary of the global insurance…
GEICO is revving up for 2013 by announcing it will be hiring more than 4,000 new associates in the upcoming year. The company, which has grown its associate population by nearly 20 percent in the past five years, will be hiring in all GEICO offices, including auto damage adjuster and legal positions in many states throughout the country. GEICO is actively hiring to…
