Swiss Re New Markets and Ambac Assurance Corp. have teamed up to provide $290 million in financing to the Arby’s restaurant chain, best known for its roast beef sandwiches. In an innovative structuring for the placement of the triple-A rated …
Holland’s ING became the latest big global insurance group to announce the formation of a joint venture with Indian partners in order to enter India’s insurance market. ING will hold a 26 percent interest, the maximum permitted under Indian regulations, …
AGF, the French subsidiary of Germany’s Allianz, has acquired a 25 percent stake in U.K. based maritime insurance manager Tindall Riley Marine for an undisclosed amount. TRM, one of six major marine mutual insurance groups, manages operations for the Britannia …
IBA West Past President Marv Kristan died at his Indian Wells home Wednesday, Nov. 29, 2000 from complications due to cancer. He was 79. Kristan had been suffering from cancer and other ailments for the past year. A memorial service …
Jim Yates, president of Santa Ana-based Yates & Associates Insurance Services, has agreed to accept an out of court settlement in the lawsuit against Newport Beach-based R.E. Chaix & Associates Insurance Services. The amount and terms of the settlement were …
Irvine, Calif.-based Superior Access Insurance Services announced the addition of instant quoting earthquake coverage to its website, superioraccess.com. The new online earthquake program includes three earthquake products including superior, standard and condo policies, and the one-page application provides online, underwritten …
Penn National Insurance has launched PennConnect, a series of web-based services that provide fast customer service tools to the company’s 1,200 independent agencies, accessed through the company’s website, www.pennnationalinsurance.com. Using PennConnect, an agent can take a customer’s inquiry, research the …
Syndicated television news magazine “Inside Edition” reported Monday that State Farm is buying wrecks, fixing them and putting them back on the road with clean rather than salvage titles. According to a news release about the program, “more than a …
USAA and The Hartford Financial Services Group have aligned to offer insurance protection to USAA members who own small businesses. Known as the USAA Business Insurance Program, the new exclusive alliance replaces the USAA General Agency’s previous small business insurance …
A South Dakota grand jury indicted a man late last month for filing a false insurance claim. The grand jury charged Steven Fideler, 45, with one count of filing a false insurance claim and one count of manufacturing a false …
