Maine-Based WC Insurer MEMIC Group Hires 2 Senior Underwriters

June 7, 2012Email ThisPrintNewslettersTweetArticleComments

The MEMIC Group, a workers’ compensation insurer headquartered in Portland, Maine, has appointed two senior underwriters: Mark Darragh for New Jersey and surrounding areas operations and Katrinka Casamassa for Pennsylvania operations.

View the Original article

Earnings Report: Platinum Underwriters

April 24, 2012Email ThisPrintNewslettersTweetArticleComments

                                                                                Q1 2012         Q1   2011          
Net premiums written ————           $143.66 mn     $194.78 mn
Net premiums earned  ———–            $138.21mn      $182.88 mn  
Net income (loss) ——————           $53.287 mn     ($157.19 mn)             
Net Operating income (loss) —–           $32.778 mn      ($154.81 mn)
Investment gains  ——————           $22.34 mn       ($0.407 mn
Investment Impairment  loss —-          ($1.07 mn)        ($1.507 mn) 
Net investment income ————         $28.552 mn      $32.378 mn

Q1 combined ratio

View the Original article