ProWriters Acquired; Opens as Independent Managing General Underwriter

November 28, 2012Email ThisPrintNewslettersTweetArticleComments

West Chester, Pa.-based ProWriters (www.prowritersins.com), formerly a professional liability division of Venture Insurance Programs, has become an independent managing general underwriter (MGU).

Brian Thornton, the new president of ProWriters and a 13-year veteran of the insurance industry, has acquired the program.

ProWriters provides professional and management liability insurance to specific industry segments including a focus on financial and healthcare industries. Delivered exclusively through agents and brokers, ProWriters offers directors and officers liability, errors and omissions, employment practices liability, crime, cyber and privacy liability coverage.

ProWriters provides access to insurers rated

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BMS Group Opens Sydney Office

January 4, 2013Email ThisPrintNewslettersTweetArticleComments

The UK’s BMS Group, an independent global broker, has announced the opening of its Sydney office, which it said

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Miller Opens Paris Office

October 5, 2012Email ThisPrintNewslettersTweetArticle1 Comments

Specialist insurance and reinsurance broker Miller Insurance Services LLP has opened an office in Paris in a move to increase its reinsurance presence in Europe. Pierre Guntzberger will be based at the new office and will “work closely with the existing teams in London and Brussels to enhance our service to French clients,” said the announcement.

Mike Papworth, Head of Facultative Reinsurance commented:

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West Virgnia Business Court HQ Opens in Martinsburg

October 12, 2012Email ThisPrintNewslettersTweetArticleComments

The West Virginia Supreme Court’s first division to be located outside Charleston is open for business.

The new business court division’s headquarters opened Wednesday in Martinsburg. The Supreme Court says about 100 people attended the ceremony.

The division will focus on complex issues that arise in commercial litigation, such as contract and shareholder disputes, trade secrets and securities cases. It also will relieve circuit court judges from handling novel or complex issues that they may not be trained to handle.

Court officials said in a news release that the Eastern Panhandle’s growing population and business development were factors in locating the business court division’s headquarters in Martinsburg.

 

 

Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.Email ThisPrintNewslettersTweetCategories: Southeast NewsTopics: business lawsuits, commercial litigation, West Virginia business courtHave a hot lead? Email us at newsdesk

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European Commission Approves ING Restructuring; Opens New Probe

May 14, 2012Email ThisPrintNewslettersTweetArticleCommentsThe European Commission on Friday approved a restructuring plan for Dutch bank and insurer ING made during the financial crisis as compatible with the European Union’s internal market, but also opened an investigation into amendments to the plan.

Friday’s approval followed a court ruling in March that the Commission had failed to show that extra aid granted to the Dutch financial group gave it an advantage over rivals.

The Luxembourg-based General Court, Europe’s second-highest, annulled part of a 2009 decision by the European Commission, which demanded a restructuring plan from ING, including asset sales, before it could approve the aid.

After the original Commission decision, ING said it had had to make hefty concessions, including selling its online bank ING Direct USA in February, no longer being a price leader in some markets and not making acquisitions.

However, the Commission’s approval was based on a restructuring plan submitted in 2009, and since that time, the Dutch state and ING have notified the Commission of amendments to the plan, the Commission said in a statement. The Commission on Friday opened an in-depth investigation into these changes.

“The Commission considers that the complexity of the issues justifies an in-depth analysis,” the EU executive said.

At the same time the Commission said it has appealed the General Court’s judgment to the Court of Justice of the European Union, Europe’s highest court.

The original Commission judgment followed the granting to ING by the Dutch State in the autumn of 2008 recapitalization aid of

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Great American Insurance Group Opens Regional Office in New York

April 3, 2012Email ThisPrintNewslettersTweetArticleComments

Great American Insurance Group’s environmental division opened a regional office in New York City.

The expansion complements the environmental division’s home office located in Plymouth Meeting, Penn., and its regional office in San Francisco.


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