The Board of Directors of Sirius International Group, Ltd., the Bermuda- based reinsurance unit of White Mountains Insurance Group, Ltd., has declared a dividend of $37.53 per share, payable in cash on July 2, 2012, to holders of record of its Fixed/Floating Perpetual Non-Cumulative Preference Shares as of the close of business on June 29, 2012..
Newswires
A.M. Best Co. has downgraded the issuer credit ratings to“ a” from“ a+” and affirmed the financial strength rating of A of The Farmers Automobile Insurance Association and its affiliate, Pekin Insurance Company. The outlook for the ICR has been revised to stable from negative, while the outlook for the FSR is stable. A.M. Best also has affirmed the FSR of A- and ICR of“ a-” of…
WORCESTER, Mass., May 22, 2012/ PRNewswire/– The Hanover Insurance Group, Inc., a leading provider of property and casualty insurance products nationwide, today introduced a new website designed to meet the evolving needs of its independent agent partners and their customers. By providing its agent partners and customers with new and enhanced online tools,…
The Consumer Federation of America, a nonprofit coalition of consumer groups that supports expansion of employer-provided disability insurance,revealed that two-thirds of Americans…
“Most Concealed Carry license holders are under the incorrect assumption their home or personal liability umbrella policy will cover them if they are charged with a crime.”…
Ultimate Software, a leading cloud provider of people management solutions, announced today The Co-operators Group Limited, one of Canada’ s leading insurers with 6,500 employees, has selected the UltiPro solution to consolidate its people-centric operations, improve the precision and delivery of workforce data, and elevate its strategic talent…
“It is not surprising that indexed annuity sales are up over 2011, while annuity sales in general are down,” said Sheryl J. Moore, President and CEO of Moore Market Intelligence, the firm that owns AnnuitySpecs.com…
With National Small Business Week kicking off this week, Allstate Insurance Company today announced it is recruiting an additional 56 small business owners interested in owning an insurance agency to meet growing consumer demand for insurance and financial services products in the mid-Atlantic region. In addition, current Allstate agency owners will be…
Hawaii workers’ compensation and auto insurance carriers say they are seeing a growing number of cases with excessive markups for repackaged drugs dispensed by physicians, sometimes at rates double or triple what the identical medications cost if obtained through pharmacies. GEICO, Hawaii’s largest auto insurer, highlighted one case in which a physician…
The changing market for agency acquisition is creating surprising opportunities for buyers and sellers. The live, one-hour webinar is scheduled for Tuesday, June 5, at 2 p.m. ET. Keith Savino, CPIA, Chief Operating Officer, Warwick Resource Group Al Diamond, President, The Agency Consulting Group David Bauer, Area President, Arthur J. Gallagher Risk Management…
May 21– A shareholder in Radian Group Inc. urged the Philadelphia mortgage insurer either to reveal more information about its legacy assets, which are weighing down the company’s stock price, or to put itself up for sale. The investor request was made in a letter released Monday by the Clinton Group, which owns 1.87 million Radian shares, or about 1.4 percent of…
New York, NY May 22, 2012. OpenLink Financial LLC, a leading provider of treasury, cross-asset trading, risk management and operations processing software solutions, announced today that Mark Abrams, Director of Sales North America, will lead a discussion on over-the-counter clearing trends and issues, as well as an update on the implementation of the…
Cigna has broken ground on a vegetable garden to grow healthy food for people in need. Cigna employees Pamela Chance, Steve Araujo, Amanda Kenyon, Jill Holliday and Mark Morgillo plant a vegetable garden to grow produce to donate to Foodshare, a food supplier for more than 300 food banks and soup kitchens. “The Cigna garden is another example of how Cigna employees…
PEMBROKE, Bermuda—- Validus Holdings, Ltd. today announced a number of senior management promotions at Validus Reinsurance, Ltd.. Kean D. Driscoll, currently Chief Underwriting Officer of Validus Re, has been appointed Chief Executive Officer of Validus Re. Ed Noonan, Chairman and CEO of Validus Holdings, Ltd, commented on the management changes:“ We congratulate…
Assurant Employee Benefits’ long-term disability customers give the benefits provider significantly higher satisfaction ratings for several key measures compared to the industry average. In addition, a high percentage of short-term disability customers are satisfied with the company’s overall claims handling, according to a just-released…
“Terry Myers is the ideal person to lead UR Mobile’s engineering team,” said Tarpley McColl, Chief Executive Officer, UR Mobile. ” Prior to his position at UR Mobile, Terry held significant software engineering positions for companies ranging from small, fast-moving startups to large IT firms working on contract projects, such as Airmen Certification for the…
BEIJING, May 22, 2012/ PRNewswire-Asia/– China Life Insurance Company Limited announced today that on May 22, 2012, Mr. Yang Mingsheng has been elected as an executive director of the Company. Yang Mingsheng has been the chairman of China Life Insurance Company since March 2012.
Comprehensive Care Corporation, a leading behavioral health, substance abuse and psychotropic pharmacy management services provider for managed care companies throughout the U.S., today announced that its revenues for the first quarter of 2012 ending March 31, 2012 totaled $17,890,000. “We are especially pleased that our at-risk pharmacy contracts…
The economic climate of the last few years has compelled employers to do more with less in all areas of their business. A new report issued by Prudential Financial, Inc., shows that by providing the right kinds of support to employees, extended disability absences can be shortened. The paper acknowledges that while many employers have components of Return to…
