PEOPLE & PLACES

THW Insurance Services, based out of Lebanon,Tenn., appointed Jud Nave partner in the independent firm. Nave has beenwith THW since 2007 and joins the ranks with three other foundingpartners.

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Universal Insurance Holdings appointedKimberly Cooper CEO last week. Cooper will oversee Universal'sIT team and technology development and strategy. Cooper has beenwith Universal since 2007, serving as IT audit director within theInternal Audit Department.

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Property Casualty Insurers' Association of America(PCI) elected Mark Wachholz assenior vice president, CFO and assistant treasurer last week.Wachholz replaced former CFO Deborah Wensel, whois now CFO for Holland L.P.

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The American Insurance Association(AIA) announced last week the appointment ofJay F. Day as its new vice president of stateaffairs. Day was formerly with AIA's California Assemblymember JimFrazier.

NEW PROGRAMS

Palomar Specialty Insurance Companyhas partnered with Wellington Risk InsuranceAgency to offer wind-exposed residential propertyinsurance in Tier II counties in Texas. This representsPalomar Specialty's first expansion product category outside ofearthquake coverage.

NEWS

EMC Insurance Group announced fourth quarter and 2014 earnings, which saw anincrease of nearly $3 million in December 2014, compared to theyear prior. However, total operating income for the whole year wasdown by $10 million from last year's total numbers.

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The National Insurance Crime Bureau (NICB)released a warning to Boston residents saying tobeware of insurance scammers who may be going door-to-door actingas insurance agents in order to pocket money for cleanup after astorm.

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Nationwide reported last week that they had consistentgrowth in 2014 with a 6% increase over last year's total numbers.The company paid more than $15.5 billion in claims and benefits andmaintained an income of $1.1 billion.

M&A

Canadian Western Bank is selling its P&C business to IntactFinancial Corp. for $197 million in cash. The bank made a statement saying that the cost wasworth over twice the net book value of the subsidiary.

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