INSURANCE BRIEFS

INSURANCE BRIEFS

COVER-ALL, SUN ALLIANCE

IN SOFTWARE LICENSE DEAL

FAIR LAWN, N.J. - Cover-All Systems Inc. entered into a new software licensing agreement with Sun Alliance Insurance PLC, the second-largest insurer in the United Kingdom.

The licensing and development agreement, worth about $1.2 million, includes Cover-All's new Total Administration Solution modules, including Client Management and Agency Management. Sun Alliance will use this software as part of a re-engineering effort for the General Insurance Services Business group in the United Kingdom.

Peter Lynch, president of Cover-All, said, "The combination of this agreement with our recently announced strategic alliance with Unisys Corp. . . . gives us a strong foundation with which to grow."

Cover-All, a subsidiary of Warner Insurance Services, specializes in insurance software solutions and development for rating, coding and issuing policies. The software also handles administering clients, claims, direct billing and agency and client billing.

LIFE INSURANCE VENTURE

SEEKS THAI LICENSING

MELBOURNE, Australia - A joint venture of Australia's National Mutual Holdings Ltd. and Thailand's General Finance & Securities PLC said it is finalizing an application for a life insurance license in Thailand.

National Mutual's chief executive of international operations, Geoff Webb, said National Mutual would be restricted to an initial 25 percent but the indirect stake would increase in the longer term.

Paris-based insurance giant Axa announced in early August the purchase of a 40 percent controlling interest in National Mutual Life Association of Australia Ltd., for 4 billion French francs ($824 million), after policyholders voted overwhelmingly to demutualize and restructure the insurance and financial-services group.

Mr. Webb said the application to conduct life insurance business was the first in Thailand in 20 years. Thai officials said in July they were considering allowing foreigners to own up to 49 percent of insurance companies.

IIAA NAMES MILLEN

TO COMMUNICATIONS POST

ALEXANDRIA, Va._ John Millen, a veteran of insurance industry communications in the California marketplace, was named assistant vice president of communications for the Independent Insurance Agents of America.

Mr. Millen brings to the Alexandria-based IIAA more than 15 years of experience in communications, politics and marketing, mostly related to the property/casualty insurance industry.

As former director of communications for Farmers Insurance Group, Mr. Millen played a key role in developing the corporate communications function and served as company spokesman for almost seven years.

COMMUNITIES TO GET NOD

FOR CATASTROPHE PLANS

BOSTON - The Community Spotlight Award, a new award recognizing community achievement in protecting lives and property from natural catastrophes, will be presented annually by the insurance industry.

This award will honor communities for "innovative, practical and cost- effective" programs that mitigate damages from natural disasters like hurricanes, tornadoes, earthquakes, hailstorms and floods.

The Insurance Institute for Property Loss Reduction, a Boston group that tries to reduce losses from natural disasters, will give the award. One or more awards will be given every year, starting in 1996 for programs in 1995.

''We're looking for innovative natural hazard mitigation programs that produce results and that can be adapted to the needs of other communities," said Richard P. Griebel, vice president of Insurance Institute.

Communities not larger than a county are eligible, and a $100 entry fee is required.

ORION CAPITAL DECLARES

INCREASE IN DIVIDEND

NEW YORK - Orion Capital Corp. declared a 15 percent increase in its quarterly dividend to reflect what it called a "bright outlook" for the company's operating performance.

The company's board of directors announced this week that the dividend will increase to 23 cents a share, a 15 percent increase over the previous quarter's rate of 20 cents.

The dividend is payable on Oct. 2 to shareholders of record on Sept. 22.

Orion Capital is engaged in the speciality property/casualty insurance business through various wholly owned subsidiaries, which include EBI Cos., DPIC Cos., Connecticut Specialty Insurance Group, SecurityRe Cos. and Wm. H. McGee & Co., as well as through its 46.3 percent ownership interest in Guaranty National Corp.