Australian insurance and financial services group Colonial confirmed that it was looking for a buyer/merger partner for its U.K. insurance, pensions and lending business, estimated to be worth around £315 million ($510 million). Insurance and real estate group, Countrywide Assured …
XL Capital Ltd. announced today that net operating earnings for the 4th quarter 1999 earnings will be reduced by $125 million, or $0.97 per share, after tax as a result of the impact of losses from two major windstorms which …
Confirming previous estimates, the Federation Francaise de Societes d’Assurance reported Monday that over 3 million damage claims had been filed as a result of the storms which hit France at the end of December. Resulting damages covered by insurance are …
Allied Dunbar, the life insurance unit of Allied Zurich Plc, a part of the Anglo-Swiss group, Zurich Financial Services, announced today that it had agreed to purchase Abbey Life from its current owner Lloyd’s TSB, the U.K.’s largest bank. Allied …
Quotesmith.com, on online provider of insurance services, has started offering instant downloadable applications to accelerate the underwriting process for its customers and participating carriers. The service offers instant download of all state-specific and company-specific term life insurance applications and is …
The number of independent property/casualty insurance groups increased from 8 percent to 10 percent in 1999, according to a study by A.M. Best Co. Best expects one-third of the remaining groups to lose what it calls “operating autonomy” by 2005. …
Crum&Forster announced that De’Andre Salter joined the company as director, Management Protection, a newly formed division of the Fairfax Holding-owned p/c carrier. Salter will be responsible for the strategic direction of the division. The new division was created in response …
An Alaska Airlines MD-83 jetliner that originated in Puerto Vallarta, Mexico, and was headed for San Francisco and Seattle, crashed in the Pacific Ocean at 4:36 p.m. PST Monday. On Tuesday morning, search crews said hope of finding survivors was …
PST At a regular meeting today the board of directors of The St. Paul Companies increased the regular quarterly dividend from $.26 per share to $.27 per share, payable April 17, 2000, to shareholders of record as of the close …
According to a report by Reuters News Agency, the Brazilian Insurance Federation can only verify about 70 percent of the claims received by local insurers concerning lost or stolen vehicles. A record 353,000 cars were reported stolen in the country …
