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Hub International Limited (NYSE:HBG – News; TSX:HBG – News) will discuss first quarter earnings and financial condition, industry trends and outlook on a conference call scheduled for 9:30 a.m. (CDT), 10:30 a.m. (EDT) on Tuesday, May 1, 2007. ADVERTISEMENT This call is being webcast by Thomson/CCBN and can be accessed at Hub International’s website at… Continue reading Hub International Limited Announces First Quarter Earnings Conference Call

The Securities and Exchange Commission board has officially endorsed changes in the Sarbanes-Oxley compliance rules that will particularly benefit smaller companies.          The SEC commissioners voted to allow more flexibility in the rules, particularly the guidelines developed by the independent board that oversees the accounting industry. The new rules are expected to be approved by… Continue reading SEC Agrees to Ease Sarbanes-Oxley Rules for Small Firms

Specialty Underwriters’ Alliance, Inc. (Nasdaq: SUAI), through its subsidiary SUA Insurance Company, today announced a new Partner Agent agreement with Flying Eagle Insurance Services, Inc. (“Flying Eagle”) to market and underwrite commercial general liability programs to the underserved construction segment, including the roofing trade. These programs will be available through selected brokers in ten states… Continue reading SUA Insurance Company Contracts With New Partner Agent Writing Artisan and General Contractors and Roofers

PXRE Group Ltd, which effectively stopped taking on new business after being ravaged by the devastating 2005 hurricane season, is to merge with US insurer Argonaut Group, Inc in a deal that will see the launch of a new Bermudian Class 3 reinsurer Peleus Re. The merged entity will be called Argo Group International Holdings… Continue reading PXRE secures future with Argonaut merger

Willis Group Holdings Ltd., the world’s third-largest insurance broker, will not accept new incentive payments unless the insurers offering them make changes or explain them better, Chief Executive Joseph Plumeri said.      The payments could create conflicts of interest and disrupt relationships with the company’s customers, Plumeri said Monday at an industry conference.      Willis… Continue reading Big Insurance Broker Rejects New Payments

A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating (ICR) of “a-” of Validus Reinsurance Ltd. (Validus) (Bermuda). Concurrently, A.M. Best has assigned an ICR of “bbb-” to Validus Holdings, Ltd. (Bermuda). The outlook for all ratings is stable.        The rating affirmations reflect the solid capitalization… Continue reading A.M. Best Co. has affirmed the financial strength rating of A- of Validus Reinsurance Ltd.

Arrowpoint Capital Corp. has completed the acquisition of all Royal & SunAlliance USA businesses formerly owned by Royal & Sun Alliance Insurance Group plc of London. Arrowpoint Capital Corp. was formed in June 2006 by the senior management and outside directors of Royal & SunAlliance USA.     Under the terms of the transaction approved… Continue reading Royal & Sun Management Team Completes Buyout of U.S. Businesses

The Board of Directors of Bermuda-based ACE Limited has elected the CEO of the Company, Evan G. Greenberg, to the position of Chairman of the Board of Directors, effective at the time of the Annual General Meeting in May 2007. He will succeed ACE founder Brian Duperreault, who will remain on the ACE Board, at… Continue reading Greenberg to Succeed Duperreault as ACE Board Chairman

Hub International Limited, which got its start in 1998 when 11 Canadian brokers merged and has since grown through acquisitions into one of the largest insurance brokers in North America, is being acquired by funds advised by Apax Partners together with Morgan Stanley Principal Investments in a transaction worth $1.8 billion. Hub shareholders will receive… Continue reading Hub International Being Bought for $1.8 Billion; $40 per Share

The Independent Insurance Agents & Brokers of America (the Big “I”) supports a recently reintroduced surplus lines bill, H.R. 1065 sponsored today by Rep. Dennis Moore (D-Kan.) and Rep. Ginny Brown Waite (R-Fla.), as a crucial first step for uniformity in producer licensing. “The Big “I” supports this legislation, which is an excellent example of… Continue reading Big “I” Supports Surplus Lines Bill