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Marketwire - Insurance
Marketwire - Insurance

• TSX Venture Exchange Closing Summary for December 24, 2008
  VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 24, 2008) - The following report is available on tsx.com at the following web page: http://www.tsx.com/en/news_events/media_kit.html Trading was very heavy on a volume of 173.7 million shares worth 16.3 million dollars. There were 383 advances, 349 declines and 577 issues unchanged. The S&P/TSX Venture Composite Index closed down 1.31 at 697.00 /T/ Most Active Issues by Volume Volume Name Symbol Close Change
• Fairfax Announces Acquisition of Additional Units of Jazz Air Income Fund
  TORONTO, ONTARIO--(Marketwire - Dec. 24, 2008) - Fairfax Financial Holdings Limited (TSX:FFH)(NYSE:FFH) announced today that it has acquired, through its subsidiaries, 300,700 units of Jazz Air Income Fund, bringing its total holdings in the Fund to 15,316,900 units or approximately 12.47% of the total units outstanding. The units were purchased through the facilities of the Toronto Stock Exchange for investment purposes. Fairfax continually reviews its investment alternatives and may purchase additional units of Jazz Air Income Fund from time to time in accordance with applicable laws.
• TSX Venture Exchange Closing Summary for December 23, 2008
  VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 23, 2008) - The following report is available on tsx.com at the following web page: http://www.tsx.com/en/news_events/media_kit.html Trading was very heavy on a volume of 259.7 million shares worth 26.1 million dollars. There were 416 advances, 404 declines and 718 issues unchanged. The S&P/TSX Venture Composite Index closed up 6.29 at 698.31 /T/ Most Active Issues by Volume Volume Name Symbol Close Change
• 1ST Constitution Bancorp Completes Sale of $12 Million in Fixed Rate Cumulative Perpetual Preferred Stock and Common Stock Warrant to the U.S. Treasury
  

  CRANBURY, NJ--(Marketwire - December 23, 2008) - 1ST Constitution Bancorp (NASDAQ: FCCY), the holding company for 1ST Constitution Bank, is pleased to announce that it closed a sale to the U.S. Treasury of 12,000 shares of Fixed Rate Cumulative Perpetual Preferred Stock, Series B, of 1ST Constitution Bancorp for $12 million in cash and issued a warrant to the Treasury to purchase 200,222 shares of 1ST Constitution Bancorp common stock. 1ST Constitution was chosen as one of the stronger community banks to participate in the U.S. Treasury Department's TARP Capital Purchase Program. On December 11, 2008, 1ST Constitution was advised by the Treasury that 1ST Constitution's application under the program was preliminarily approved by the U.S. Treasury on December 8, 2008. 1ST Constitution intends to use the proceeds from this sale for general corporate purposes which include utilizing the additional capital to grow the le

• Smithtown Bancorp Approved by U.S. Treasury for Capital of $37.8 Million
  

  SMITHTOWN, NY--(Marketwire - December 23, 2008) - Smithtown Bancorp (NASDAQ: SMTB), the parent holding company for Bank of Smithtown, has been approved by the United States Treasury for the Treasury to purchase up to $37.8 million of preferred shares pursuant to the TARP Capital Purchase Program. If the Company chooses to accept the offer and issues the shares, the shares would be non-voting, with a 5% annual dividend for the first five years, together with the other attributes and conditions as set forth in the Treasury's program.

• Callidus Software Recognized With "Positive" Rating From Leading Analyst Research Firm
  

  SAN JOSE, CA--(Marketwire - December 23, 2008) - Callidus Software Inc. (NASDAQ: CALD), the leader in Sales Performance Management (SPM), today announced that it received a "positive" rating in the latest North American MarketScope for Insurance Incentive Compensation Management (ICM) Applications(1) by Gartner, Inc. (NYSE: IT), the world's leading information technology research and advisory company.

• TSX Venture Exchange Closing Summary for December 22, 2008
  VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 22, 2008) - The following report is available on tsx.com at the following web page: http://www.tsx.com/en/news_events/media_kit.html Trading was very heavy on a volume of 292.5 million shares worth 42.1 million dollars. There were 287 advances, 487 declines and 716 issues unchanged. The S&P/TSX Venture Composite Index closed down 7.02 at 692.02 /T/ Most Active Issues by Volume Volume Name Symbol Close Change
• NexgenRx Announces Issuance of Shares in Payment of Quarterly Debenture Interest
  TORONTO, ONTARIO--(Marketwire - Dec. 22, 2008) - NEXGENRX INC. ("NexgenRx" or the "Company") (TSX VENTURE:NXG) announces that it has issued 265,937 common shares, at a price of $0.15 per share, in lieu of cash payment of interest accrued on the $2,000,000 of convertible debentures issued in October 2007. The foregoing shares are subject to hold periods in accordance with applicable securities laws, which will expire on April 23, 2009. It is at the discretion of the Corporation to issue shares in lieu of cash as payment of interest on the convertible debentures.
• ETM Launches Learning Portal
  

  Self-Paced Learning Online Reduces Training Time and Cost, Accelerates ROI

• Brown & Brown, Inc. Announces the Asset Acquisition of Insurance 1, Inc.
  

  DAYTONA BEACH, FL and TAMPA, FL--(Marketwire - December 22, 2008) - C. Roy Bridges, Regional Executive Vice President of Brown & Brown, Inc. (NYSE: BRO), Tommy Huval, responsible for Brown & Brown, Inc.'s operations in Louisiana and other southeastern states, and James "Jimmy" Bradford, Brian Duke and Martin Heyman, principals of Insurance 1, Inc., of Alexandria, Louisiana, announce the asset acquisition of Insurance 1, Inc. by a subsidiary of Brown & Brown, Inc.

• SCOR receives Life Retakaful licence
  

  PARIS--(Marketwire - December 22, 2008) - Press Release

  22 December 2008

  For further information please contact:

  Beat Werder +33 (0)1 46 98 71 39

  Chief Communications Officer

  Marco Circelli +44 (0) 207 553 8106

  Head of Investor Relations

  SCOR receives Life Retakaful licence

  The Labuan Offshore Financial Services Authority (LOFSA) has granted SCOR Global Life an operating licence to provide Retakaful reinsurance products complying with the principles of Islamic finance. LOFSA also granted SCOR Global Life a conventional (i.e. "Non-Takaful") Reinsurance licence. The new entity will be called SCOR Global Life SE, Labuan Branch.

• TSX Venture Exchange Closing Summary for December 19, 2008
  VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 19, 2008) - The following report is available on tsx.com at the following web page: http://www.tsx.com/en/news_events/media_kit.html Trading was very heavy on a volume of 236.0 million shares worth 26.8 million dollars. There were 369 advances, 412 declines and 689 issues unchanged. The S&P/TSX Venture Composite Index closed down 1.41 at 699.04 /T/ Most Active Issues by Volume Volume Name Symbol Close Change
• Bridge Bank Establishes the Bridge Bank Chair at San Jose State University
  

  SAN JOSE, CA--(Marketwire - December 19, 2008) - Bridge Capital Holdings (NASDAQ: BBNK), whose subsidiary is Bridge Bank, National Association, today announced that it has established a term academic chair at the Center for Banking and Financial Services in the College of Business at San Jose State University. In recognition for providing resources for the advancement of the educational mission at San Jose State, the term academic chair has officially been named the 'Bridge Bank Chair for Banking and Financial Services.'