E-Surety.net, an Orlando-based software development company, will debut its fully interactive bonds site at the Insurance Online show tomorrow in Miami. The company’s system allows users to apply, pay, underwrite and issue or reject bonds via the Internet. For states …
Wausau Insurance will sell its business benefits until to an investor group headed by Wausau Insurance Vice President Fred Moore, creating a stand-alone company. The sale will allow Wausau to focus on its main business, workers’ compensation. The benefits unit …
Texas governor and Republican presidential candidate George W. Bush unveiled a “peace of mind” insurance plan Wednesday to help fight the cost of long-term health care. The plan calls for a tax exemption of $2,750 for each elderly spouse, relative …
Electronic Data Systems (EDS), the world’s No. 2 computer services provider based in Plano, Texas, and insurance software company Policy Management Systems are continuing talks about a deal worth as much as $700 million. In April, EDS informally offered to …
British insurance group CGU expects to sell its U.S. insurance business to one of about 10 potential buyers by year’s end. The company will continue accepting offers of interest through May, narrowing the number that will go through due diligence …
International technology giant ABB confirmed that Standard & Poor’s rating service has upgraded the “insurer financial and counterparty credit strength ratings” of its insurance subsidiary, Sirius International Corp., from A+ to AA-. ABB said the upgrade was in recognition of …
Four Swiss insurance companies have pledged a total of $50 million to a Holocaust fund set up by Swiss banks in 1998 after negotiations with representatives of survivors and their descendants. Swiss Re, Helvetia Patria, Rentenanstalt and Baloise agreed to …
AFLAC Japan, a member of AFLAC Inc. group of companies, announced plans to start an on-line insurance company in partnership with NTT Communicationware Corp. Ltd. “The new venture, to be called aflacdirect.com, will begin operations in July. It will be …
Bermuda based XL Capital Ltd announced increases in 1st quarter revenues from $209.8 million in 1999 to $223.8 million this year.”GAAP operating income for the first quarter of 2000 was $150.8 million, or $1.19 per share, compared with $144.1 million, …
Keith Rayment, an expert witness called by Lloyd’s to testify on its behalf, strongly disagreed with one of the key allegations made by Names in the ongoing Jaffray case in London – that Lloyd’s concealed material facts concerning the extent …
