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Allstate Names New Executives as CMO Leaves for ‘Personal Reasons’

February 28, 2012

Allstate Corp. has new leadership in some top executive roles following the departure of the company’s chief marketing officer, the company said in a written statement. Matthew Winter is now president of Allstate’s personal lines, including automobile, home and agencies. Winter was vice chairman of American International Group Inc. and came to Allstate in…

Audio: Ascot Underwriter Calls Terrorism Insurance Market ‘Healthy’

February 28, 2012

Michael O’Connor, an underwriter at Ascot Underwriting in London, says the terrorism insurance market is in healthy shape, even as Ascot has shifted its focus more to political violence…

Republic Companies, Inc. Announces Hiring of New President/CEO

February 28, 2012

Republic Companies, Inc. today announced that its Board of Directors has named Joseph E. Mattingly to serve as the company’s president and chief executive officer. Republic Companies, Inc. provides personal and commercial property and casualty insurance products through a group of insurance companies and related entities designated in the industry as “…

Cover-All Announces 5th Consecutive Year of Profitability and Record Revenue

February 28, 2012

Cover-All Technologies Inc., a Delaware corporation, today announced financial results for the fourth quarter and year ended December 31, 2011. For the full year 2011 revenue was $17.6 million compared to $17.5 million for the full year 2010. License revenue was $4.8 million in 2011, an increase of 108.5% from $2.3 million in 2010. Support Services revenue,…

GLACIER BANCORP INC – 10-K – Management’s Discussion and Analysis of Financial Condition and Results of Operations

February 28, 2012

The following discussion is intended to provide a more comprehensive review of the Company’s operating results and financial condition than can be obtained from reading the Consolidated Financial Statements alone. The discussion should be read in conjunction with the Consolidated Financial Statements and the notes thereto included in “Item 8….

New legal services available on Main Street [Point Pleasant Register, W.Va.]

February 28, 2012

Feb. 28– POINT PLEASANT– When a new business opens, there’s always that moment of anticipation of whether or not success is in the future. On Friday morning, a ribbon cutting ceremony was held for Bill’s Bail Bonds, owned by Bill Garvin, and Mason County Investigators, owned by Curtis McConihay. Bill’s Bail Bonds will reportedly be a very handy option to any who may need…

A.M. Best Affirms Ratings of Seven Seas Insurance Company, Inc.

February 28, 2012

A.M. Best Co. has affirmed the financial strength rating of A and issuer credit rating of“ a” of Seven Seas Insurance Company, Inc.. Tropical Shipping is one of the largest transporters of containerized cargo from the United States and Canada to the Caribbean region and the Bahamas. Seven Seas and Tropical Shipping are both ultimately owned by AGL Resources, Inc….

Navigators Eyes Firming E&S Market, Launches Wholesale Unit

February 28, 2012

Navigators Group is looking to tap the firming excess and surplus lines markets by launching a new wholesale business unit…

SUNSTONE HOTEL INVESTORS, INC. – 10-K – Management’s Discussion and Analysis of Financial Condition and Results of Operations

February 28, 2012

Overview Sunstone Hotel Investors, Inc. is a Maryland corporation. We also own 100% of the interests of our taxable REIT subsidiary, Sunstone Hotel TRS Lessee, Inc., which leases all of our hotels from the Operating Partnership, and engages third-parties to manage our hotels. In January 2011, we purchased the outside 50.0% equity interest in BuyEfficient, and as a…

MERCK & CO. INC. – 10-K – Management’s Discussion and Analysis of Financial Condition and Results of Operations.

February 28, 2012

Merck& Co., Inc. is a global health care company that delivers innovative health solutions through its prescription medicines, vaccines, biologic therapies, animal health, and consumer care products, which it markets directly and through its joint ventures. The Company’s operations are principally managed on a products basis and are comprised of four…

UK’s Prudential Sets Multichannel Strategy for Asia: BestWeek Asia-Pacific, Feb. 28, 2012

February 28, 2012

Asia is driving a good deal of growth for the life insurance business worldwide, making it imperative for a life insurer to be armed with a multichannel strategy and diversified product portfolios, according to Barry Stowe, chief executive of Prudential Corporation Asia.“ Many of the highest growth and return opportunities are in Asia and we have a clear and…

UnitedHealthcare buys Preferred Care, Medica HMOs [The Miami Herald]

February 28, 2012

Feb. 28– UnitedHealthcare, the giant nationwide insurer, is making a major move in South Florida by announcing Tuesday it has agreed to purchase two Miami-Dade based Medicare and Medicaid insurance plans that have almost 100,000 members and eight clinics. Preferred Care Partners has 55,000 Medicare members in its health maintenance organization in South…

Small Business Owners Are Unprepared For Retirement

February 28, 2012

  BRYN MAWR, PA – February 28, 2012 – New research from The American College, the nation’s largest non-profit educational…

Hearsay Social Powers Top Financial Services Firms on Social Media

February 28, 2012

Also the social platform of choice for Farmers Insurance Group, Hearsay Social now powers compliance and marketing for the top social financial services and insurance companies on LinkedIn, Facebook, Twitter, and Google+. Northwestern Mutual announced today that it has standardized its more than 6,000 FINRA-registered representatives using LinkedIn,…

Allstate to Present at Raymond James 33rd Annual Institutional Investors Conference

February 28, 2012

NORTHBROOK, Ill., Feb. 28, 2012/ PRNewswire/– The Allstate Corporation, the nation’s largest publicly held personal lines insurer, announced that Robert Block, Allstate’ s senior vice president of investor relations, will present at the Raymond James 33rd Annual Institutional Investors Conference at 10:25 a.m. Eastern Time on Tuesday, March 6.

Preparing For Health Insurance Exchanges

February 28, 2012

How do you prepare for something that could significantly disrupt existing patient flows and payment rates when it is ill-defined in most states and scheduled to launch in less than two years?…

Upcoming Compliance and Governance Events [Compliance Week]

February 28, 2012

A list of upcoming GRC events compiled by Compliance Week Researcher Katherine McCracken follows. The Governance, Risk Management, and Compliance Summit, presented by the Global Strategic Management Institute, offers four tracks: enterprise risk management; IT GRC; compliance, regulation, and legal; and finance and audit. This Society of Corporate Compliance…

Marsh CEO Peter Zaffino to Speak at AIFA Conference on March 6

February 28, 2012

Marsh& McLennan Companies, Inc., a global professional services firm providing advice and solutions in risk, strategy and human capital, announced today that Peter Zaffino, President and CEO of Marsh, will speak at the annual conference of the Association of Insurance and Financial Analysts on Tuesday, March 6, 2012 at 10:15 a.m. Eastern Time.

China Re Eyes Group Structural Reform in 2012

February 28, 2012

China Reinsurance Corp. said it will deepen its group structural reforms in 2012 by focusing on “marketization, professionalism and internationalization” to enhance its operations and investment returns to shareholders. China Re started a special-purpose Lloyd’s syndicate this year by forming a strategic partnership with U.K.- based Catlin Group Ltd. to…

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