May 10, 2006 - AIX Holdings, Inc. (AIX Holdings), a specialty insurance holding company, today announced the opening of AIX, Inc. (AIX), an insurance program manager. AIX was formed to market, structure, underwrite, and administer program business for a variety of distribution sources, including national and regional insurance brokers, reinsurance intermediaries, captive managers, and managing general agents (MGAs). AIX will also be able to procure A rated paper for policy issuance through its third-party relationships or through an affiliated company, Nova Casualty Company, if needed.
Alignment of Interests - We require that either the insured or the distribution source share in the risk so that all parties are working together rather then apart, 3) Custom Design - By unbundling our services and giving you choices among front ...
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David Walsh, executive vice president and general counsel at SBLI USA Mutual Life Insurance Company, Inc., was appointed a Distinguished Fellow at the recent 11th International Association of Insurance Supervisors (IAIS) Conference. The conference was held in Amman, Jordan last month.Mr.
The organization works closely with other financial sector standard-setting bodies and international organizations working to promote financial stability. The 11th annual conference, organized around the theme of "Globalized Insurance Markets Challenges and Opportunities," provided a forum for insurance professionals to discuss developments in the industry and topics affecting regulation. Among the key topics discussed were corporate governance, accounting, mutual recognition of reinsurance, and disclosure requirements. Mr.
IAIS," said Yoshihiro Kawai, Secretary General of the IAIS. "We are happy and proud to thank him ...
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John B. Collins Associates, Inc., one of the world's leading reinsurance intermediaries, today announced that Tim Poeton has joined the firm as a Vice President in their New York office.In his new role, Mr. Poeton will be responsible for establishing new reinsurance brokerage client relationships as well as serving the needs of existing clients. He brings nearly 30 years of insurance and reinsurance experience, in both the London and U.S. markets, to the company. Mr.
Lloyd's of London; he later worked with Grieg Fester and Sedgwick Re / Guy Carpenter, and most recently specialized in the development of MGA program business as a partner at Cambridge Risk."I am delighted to join the Collins organization, and I look forward to contributing to the continued growth of the New York office," said ...
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Marking its fourth anniversary InsurBanc, the trusted and respected full-service financial services provider to the Independent Agency community, continues to expand its capabilities and enhance its services to meet the needs of agents and brokers.InsurBanc is the federal savings bank developed jointly by the Independent Insurance Agents & Brokers of America (IIABA) and the W.R. Berkley Corporation to serve independent agents and brokers as well as their clients. InsurBanc opened April 30, 2001.
InsurBanc has more than $47 million in deposits and $85 million in assets, including the investment of nearly $47 million in agency-related loans. The bank currently has customers in 40 states and expects to reach 50 by year's end, according to Richard W.
InsurBanc Chairman of the Board."It's been a very strong and productive year for ...
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SVM E-Business Solutions, a leading Web development and consulting firm, announced today the launch of the 2004 E-Business Trends in Manufacturing Survey co-sponsored by the New Jersey Chamber of Commerce. This study will help executives acquire an in-depth understanding of the key internet business trends that are impacting their industry and their competitors.
E-business offers manufacturers a compelling opportunity to enhance their marketing, sales and customer service efforts," said Bob DeStefano, president of SVM. "However, it is often a difficult task to identify the best strategies that will produce measurable results.
The most effective ways to measure internet business success"We hope that manufacturers will be able to use the results of this survey to develop better marketing strategies and in the end create more economic growth opportunities for New Jersey," ...
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Columbus, Ohio (ContentDesk) August 10, 2005 -- Nationwide Insurance Company of Florida (NICOF) has earned a Financial Stability Rating (FSR) of A, Exceptional from Demotech, Inc. This level of Financial Stability Rating is applicable to insurers possessing exceptional ability to maintain liquidity of invested assets, quality reinsurance, acceptable financial leverage and realistic pricing while simultaneously establishing loss and loss adjustment expense reserves at reasonable levels. NICOF is a wholly-owned subsidiary of Nationwide Mutual Insurance Company.
Columbus, Ohio, is one of the largest diversified insurance and financial services organizations in the world, with more than $157 billion in assets. Nationwide ranks 99 on the Fortune 500 list. The company provides a full range of insurance and financial services, including auto, homeowners, life, health, commercial insurance, administrative services, annuities, ...
Adeptia Inc., an innovative provider of business process management (BPM) technologies, announced today the release of book of business, agency-carrier interface and claims management solutions for the insurance industry. Adeptia solutions cater to diverse business needs of carriers, brokers, reinsurers as well as their customers. Adeptia solutions offer a complete and cost-effective approach by combining essential elements of workflow, information management, collaboration tools and insurance industry standards.
Adeptia automates all crucial transactionsfrom form submission to policy and endorsement issuance, and from first notice of loss to claims payment. Thus, Adeptia insurance helps enhance agent/broker relationships, improves underwriting quality, and reduces claims processing time as well as cost per claim."Business process management or BPM is the ideal solution to optimize business processes, reduce costs and enhance profitability. By creating an ...
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Farmington, Conn. (ContentDesk) August 11, 2005 -- InsurBanc, the trusted and respected full-service financial services provider to the Independent Agency community, announced that Scott Poore has joined the company as Vice President of Sales and Business Development.Poore will direct the sales and business development efforts of the bank, focusing on the needs of Independent Agencies and developing relationships with carriers across the country. "We're excited to have someone of Scott's caliber join our team," said Robert J.
President. "With nearly 15 years of experience in both the banking and insurance arena, we expect Scott's vast knowledge and contacts to serve as a catalyst for the bank's continued growth."Prior to joining InsurBanc, Poore served as Managing Partner of a private investment fund. He also spent four years as Vice President, ...
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Aon Limited, the UK's largest insurance broker and risk management consultancy, has teamed up with Graydon to further strengthen the information and service provided within Graydon's Computer Distribution and Steel sector closed user groups. These closed user groups allow credit managers who are members of the groups to share their trade experiences of mutual customers, thus minimising the risk of slow payments and bad debt.
Graydon's database, for the benefit of all its members. "Graydon is proud to welcome Aon as a sponsor of its well established Computer Distribution closed user group service, and the new Steel closed user group service run by Graydon's subsidiary, Status Credit.
This will strengthen their argument for achieving premium savings in credit insurance. We look forward to working with members to ...
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IFS Jobs, (www.IFSjobs.com) a leading niche employment site serving the insurance and financial services industry, announced today that it has earned a #1 ranking on Yahoo!, the the most recognized and valuable Internet brand globally.
We followed that simple advice and with a lot of hard work and patience we have successfully earned the #1 ranking on Yahoo! for the search term (insurance and financial services jobs). Most people understand that it takes time (usually a lot of time) to rise up the rankings in search engines, so it is quite an accomplishment for this relatively new company to be recognized as a leader so quickly, especially since there are so many organization vying for exposure in this very competitive business segment.
Yahoo.com, type in the words insurance and ...
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