Confirming the plans revealed last month, Bermuda’s PartnerRe said that it had reached agreement on the terms for the acquisition of its U.S. subsidiaries, PartnerRe Life Insurance Co., Republic Vanguard Life Insurance Co., Investors Insurance Corp. and Investors Marketing Group, …
Marsh & McLennan Securities, the specialized investment banking subsidiary, of the world’s largest insurance broker, has released “Issues in the Pricing of Catastrophic Risk,” a report which examines the “pricing of capital market instruments in catastrophic events.” The principle author, …
Very few agencies tell short stories about agency management systems. It’s usually more of a trial-and-error tale that includes a series of purchases, regret and, in many cases, a happy ending that is contingent on finally finding the product right …
• About one-quarter of all p/c policies for homeowners will be sold online by 2003. • Online insurance sales are expected to reach $4.1 billion in 2003 and grow to $6.3 billion by 2006. • An estimated 40 percent of …
Sure, independent agencies offer a choice of markets. That’s a nice benefit. But it also means you must key in customer information more than once in different formats and screens to accommodate the various companies. Add to that the agency …
“You’ve got to go to this conference, you can’t miss it,” IIAA vice president-public affairs Jeff Myers told me repeatedly. So, on April 30 I hopped on a red-eye flight to attend the Independent Insurance Agents of America National Legislative …
It began back in March, when lawmakers demanded that California Insurance Commissioner Chuck Quackenbush appear at an April 27 hearing and produce confidential reports his office prepared on the handling of Northridge earthquake claims. Now, seven weeks later, Quackenbush is …
An Oregon House Interim Committee heard testimony on April 27 with respect to what is perceived by a number of insurance industry analysts and major trade organizations as a state of deterioration in the workers’ compensation marketplace in that state. …
A.M. Best assigned a group financial strength rating of “A++” to Stamford, Connecticut-based General Reinsurance Corp., and its core affiliated property/casualty and life/health insurance and reinsurance companies worldwide. Best cited the group’s exceptional balance-sheet strength, above-average operating profitability and leadership …
The “AA+” long-term counterparty credit and insurer financial strength ratings on Zurich Insurance Co. were affirmed by S&P. The affirmation comes in the wake of the Switzerland-based company’s announced intention of simplifying its dual Anglo-Swiss holding company structure into a …
