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News St. James has bolstered its marketing staff with two additional hires. St. James is committed to providing agents with the highest quality service that a competitive market demands. The tremendous growth of St. James personal lines programs warranted an increase in staff in order to enhance its relationship with its agents. We are extremely pleased to have successfully recruited Leslie and Robert to these important positions.
December 2007 We are pleased to announce the promotion of Russell Beck to Executive Vice President, St. Johns Insurance Company. Mr. Beck has held the position of Vice President Claims for the past five years within St. Johns and brings over 20 years of insurance company experience to his new position. In conjunction with the President of St. Johns, Mr. Beck will be responsible for overseeing all aspects of the operations of the St. Johns Insurance Company.
December 2007 Chubb Custom has committed to provide Florida homeowners with a multi-peril product, including wind, on an excess and surplus lines basis. St. James Insurance Group, which had previously demonstrated its capability to Chubb as one of very few program Managers, has been granted exclusive authority to underwrite, process and distribute the product statewide. The product, aimed at risks beginning at $750,000 replacement value, is as comprehensive as any Chubb product would be expected to be.
August 2007 St. James Insurance Group has entered into a contract with Olympus Insurance Company to market its newly authorized homeowner insurance products in the state of Florida. Olympus’ Certificate of Authority was recently granted by the Office of Insurance Regulation following its application which included initial capitalization of $30 million plus, $20 million granted by the SBA as part of the Capital Build-Up Incentive Program. Olympus products, HO-3 & HO-6 will be available on a statewide basis to select St. James Insurance Group agents.
March 2007 St. James Insurance Group has been appointed by Southern Fidelity Insurance Company. The appointment enables St. James to facilitate replacement of Florida Select Insurance Company, ordered cancelled by the Office of Insurance Regulation. Additionally, the majority of St. James agents will be provided access to other product lines offered by SFIC including HO-3, HO4, HO-6 and Dwelling Fire.
September 2006 Christopher McHattie, Esquire, has joined St. James Insurance Group as General Counsel. Mr. McHattie has represented St. James, and St. Johns Insurance Company, for more than 10 years. He will be working in the Orlando office. Chairman, Jim McCahill, commented on the announcement: “Chris has been a loyal friend, confidant, and counselor to us for many years and knows our organization as well as anyone. We’re very excited to have Chris join our team, and will involve Chris in all aspects of our business, beyond the legal field. Chris’ skills in contract law, insurance and human resources will be invaluable.” Mr. McHattie is a graduate of Seton Hall University and New York University School of Law. He has been practicing law since 1982, specializing in trademark, contract, and insurance law. He is a member of the Board of Directors of St. Johns Insurance Company, and is a member of New York, New Jersey and American Bar Associations.
August 2006
Robert Lucas has
been appointed President, St. James Insurance Group. Mr. Lucas
previously held the position of Executive Vice President and has been
with the firm since 1996.
Mr. Lucas began
his career in 1986 with the Chubb Insurance Company where he was a
commercial lines underwriter. With St. James, he has been responsible
for all aspects of operations, including claims, marketing and
underwriting. He is a Named Underwriter at Lloyd’s of London and a
graduate of Drew University, earning a B.A. degree from the College of
Liberal Arts. “We are very pleased to announce Bob’s appointment to President,” said St. James Chairman, Jim McCahill. “Bob has been a key ingredient of our success and we are confident in his leadership for many years to come.” St James Insurance Group, Orlando, FL, is a Program Manager specializing in personal lines programs. St James is also the majority owner of St. Johns Insurance Company. The firm was founded in 1984 and insures in excess of 200,000 homeowner policies.
August 2006 We are pleased to announce the appointment of Reese I. Bowen to the position of President, St. Johns Insurance Company. Mr. Bowen had previously held the titles of Managing Director and Underwriting Director with St. Johns. Mr. Bowen has over 35 years’ experience in insurance management, underwriting, product development and operations both domestically and internationally. In his career, he has held senior management positions with AIG Risk Management, Midland Intermediary and Coopers & Lybrand Risk Management Consulting. He is a graduate of Georgia State University. “Our Board of Directors was unanimous in our selection of Reese,” said Chairman Jim McCahill. “Reese is uniquely qualified and deserving, and has been instrumental in St. Johns’ success from its founding.” St. Johns is an Orlando, FL based company specializing in homeowner’s insurance.
July 2006 St Johns Insurance Company receives approval for $20,000,000 loan from the State of Florida earmarked for new Homeowner capacity throughout the state. The $20,000,000 Note is the first such transaction resulting from the Senate Bill 1980 passed by the Florida State Legislature and signed by Governor Bush into law on May 16th. The "Insurance Capital Build-Up Incentive Program", administered by the State Board of Administration (SBA), was enacted as an incentive to Florida homeowner insurers, credit worthy and in good standing, able to demonstrate a stable business plan and ability to repay the State over a 20 year term. The insurer must commit to writing homeowner policies in Florida, and must match the state's loan with new capital investment. The qualified Company must then possess a minimum of $50,000,000 policy holders' surplus. "The program could not have come at a better time for Florida homeowners and insurers," said James McCahill, President and CEO of St. Johns Insurance Company. To read full article: http://www.stjohnsinsurance.com/newsroom_press.html
May 2006
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