Popular Searches: 　AIG 　china 　sunamerica+aig 　LIFE 　financial 　health
  • Share

Back of America awards in compliance with the NASDAQ require

 

Friday, Mar 06,2009, 11:16:28 AM   Click:

Back of America awards in compliance with Nasdaq requirements Meg Green
United America Indemnity Ltd is back in compliance with the Nasdaq after the appointment of a new chairman at the company's audit committee.

United States (NASDAQ: INDM) said it has appointed two new board members, Chad and Robert A. Leat S. Fleischer. Leat was appointed president of the company's audit committee.

In December, the Nasdaq United notification that it did not meet Nasdaq requirements of the audit committee after Duszak Richard resigned from the board of directors and audit committee.

"Yes, we're back in compliance with Nasdaq requirements and have been notified by letter of 11 February 2009," said Charles F. Barr, Senior Vice President and General Counsel of the company.

Leat is the CEO and Chairman of Citi Global Alternative Asset Group, which includes Citi Financial contractor and infrastructure investment banking businesses.

Fleischer has specialized in mergers and acquisitions advice and capital to the reinsurance and specialty property / casualty insurance companies for Banc of America Securities LLC, Credit Suisse Securities LLC and Donaldson, Lufkin & Jenrette. Since the mid-1990s, Fleischer completed 25 mergers and acquisitions and 50 equity transactions, primarily for insurance company clients, and advised many companies and management of private investors on strategic issues affecting their business and investment, United said in a statement.

Barr said the company BestWire Fleischer is not on the edge due to an M & A plans. "This is a high quality individual with great skills and experience of the industry."

United America Indemnity provides excess and surplus lines and specialty property / insurance and reinsurance, both on an admitted and nonadmitted basis. The company has four divisions:

- Penn-America Group, which distributes its property / casualty products for small businesses through a select network of general agents with binding authority.

- United Nations Group, which distributes its program and professional lines products through program administrators with specific binding authority.

- Diamond State Group, which distributes its property / casualty and professional lines products through wholesale brokers.

- Wind River Reinsurance Co., based in Bermuda and facultative reinsurance treaty with the excess and surplus lines and specialty property / insurance.

Penn-America Group, United Nations Group, Diamond State Group and Wind River Reinsurance currently have Best's Financial Strength Ratings of A (Excellent).

United America's stock was trading allowances to $ 10.63 a share on the morning of February 17, down 3.97% from the close.

(By Meg Green, senior editor, BestWeek: Meg.Green @ ambest.com)

Copyright © 2009 hours Best Company, Inc. of America Indemnity Ltd is back in compliance with the Nasdaq after the appointment of a new chairman at the company's audit committee. United said it had appointed two new board members, Chad and Robert A. Leat S. Fleischer.

  • Share
  • Print

You may also be interested in:

Discuss this news

Click Here to see all comments
Please aware of self to obey the Internet related policy laws and strictly forbid to release porn, violence.
Appraisal:

Name:

Email:

Content:

Featured

TALLAHASSEE - Florida moved a little closer to reducing its financial vulnerability to hurricanes on Tuesday, although critics warned that the taxpayers and insurance policyholders remain liable for

In a Quiet Storm Season, State Debates Insurance

TALLAHASSEE - Florida moved a little closer to reducing its financial

WASHINGTON_Cast as a profit-hoarding villain by Democratic foes, the insurance industry still has a fighting chance to fend off the part of health care overhaul it most despises _ creation of a

THE INFLUENCE GAME: Insurers fighting back quietly

WASHINGTON_Cast as a profit-hoarding villain by Democratic foes, the insurance

The dramatic rescue of an American marine Somali pirates by the U.S. Navy this weekend will probably marine insurance more expensive, especially since the murder of three hijackers could lead to an

U.S. action against Somali pirates May Increase the

The dramatic rescue of an American marine Somali pirates by the U.S. Navy this

American International Group, Inc. (AIG) reported its first quarterly profit since the third quarter of 2007, reflecting stabilization in some of its businesses and positive valuation changes. AIG,

AIG Posts First Profit Since 2007

American International Group, Inc. (AIG) reported its first quarterly profit

CHICAGO--(BUSINESS WIRE)-- CNA understands the importance of patient safety and risk management in the evolving world of healthcare. As one of the nations leading providers of professional liability

CNA HealthPro provides Healthcare Risk Management

CHICAGO--(BUSINESS WIRE)-- CNA understands the importance of patient safety and

WASHINGTON_A new health insurance scheme called by President Barack Obama and Democrats in Congress could coexist with private insurers, without leading to the bankruptcy, an analysis by experts

Gov't plan can coexist with private insurance

WASHINGTON_A new health insurance scheme called by President Barack Obama and

Apr. 21--Cash-starved fire departments are considering a new way to raise revenue: billing people who need help after car crashes and other emergencies. Nationally, the cost-recovery proposal is

Who should pay for accidents aid: Insured or

Apr. 21--Cash-starved fire departments are considering a new way to raise

MOST POPULAR