INSURANCE BRIEFS

INSURANCE BRIEFS

RATING AGENCY GIVES

ARKANSAS BLUES A+

NEW YORK - Standard & Poor's assigned an A+ claims-paying ability rating to Arkansas Blue Cross & Blue Shield, Little Rock, Ark.

According to S&P, the rating is based on the company's profitable book of Medicare supplement business, its operating efficiencies, its strong capitalization and its increasing diversification of sources of income as a result of subsidiary business development.

Offsetting these strengths are the company's challenges in achieving profitability in its other health insurance lines through the health insurance pricing cycle, the rating agency said.

UNUM SPLITS STOCK,

INCREASES DIVIDEND

PORTLAND, Maine - UNUM Corp. declared a 2-for-1 stock split and said it will increase the next regularly scheduled cash dividend by 27 percent, payable in May.

This action would increase the next quarterly dividend payment from 13 cents a share on a post-split basis to 16.5 cents a share.

The stock split will be effective March 9 to all shareholders of record as of Feb. 25 and will increase UNUM's common shares outstanding to approximately 67 million.

RE ADVISORY OPENS

CONNECTICUT OFFICES

HARTFORD, Conn. - Re Advisory Services Inc., a newly formed affiliate of Conning & Co., established offices in Hartford and Westport, Conn.

In addition to the traditional reinsurance brokerage services, Re Advisory offers an array of financial and technical services through its affiliation with Conning & Co.

Conning will offer Re Advisory clients services in asset management, investment banking, research publications and venture capital capabilities, as well as consulting and administrative insurance services.

KOOP URGES REFORM

OF HEALTH-CARE SYSTEM

CHICAGO - C. Everett Koop, U.S. surgeon general from 1981-89, called for a complete reform of the U.S. health-care system at a program on health care presented by the law firm of Sidley & Austin.

"The health-care non-system is a shell game that is a national disgrace," with 80 million Americans having no health insurance, Mr. Koop said.