Credit Suisse Group is selling its large multi-corporate insurance business to Bermuda-based financial services group XL Capital Ltd for $600 million. The move will reportedly allow Credit Suisse’s Swiss-based international insurer, Winterthur, to focus on private non-life clients and small …
British insurer CGNU Plc will take on an additional cost of $200 million in its purchase of CGNU due to amendmen6ts to the sale of its U.S. general business to White Mountains Insurance Group Ltd. CGNU said in September it …
The latest sigma study from Swiss Re provides a detailed overview of Central and Eastern European insurance markets with an analysis of the latest developments in life and non-life insurance in 27 countries, including the CIS, and on progress among …
Prudential PLC has appointed Mark Wood as chief executive of the company’s UK and European Insurance businesses effective June 21. At that point Wood, 47, will take over responsibilities from chairman and executive director of Prudential Europe Keith Bedell-Pearce, who …
Some Massachusetts Mutual Life Insurance Co. policyholders want to force the Springfield firm to follow in John Hancock’s footsteps and go public the Boston Herald reported today. “We just think it’s time the owners reclaim their rightful role as owners …
A bill designed to protect builders and subcontractors from excessive liability when their homes or commercial properties are found to have construction defects is being supported by insurers, homebuilders and the Colorado plaintiffs’ bar association. H.B. 1166 – introduced in …
The Alliance of American Insurers, based in Downers Grove, Ill., along with several other insurance groups, filed an amicus curiae brief Feb. 15 with the California Court of Appeal in Basich v. Allstate Insurance Co. The Alliance argues that SB …
On Feb. 14, lawmakers, insurers, employers and others gathered in Sacramento to discuss the troubled state of California’s workers’ compensation market. The Assembly Insurance Committee Hearing on Workers’ Compensation was chaired by Assemblyman Thomas M. Calderon, with the goal of …
If global warming is not halted over the next several years, massive flooding, disease and drought could hit countries around the world according to a U.N. scientific team. On Monday, the scientists said they foresaw glaciers and polar icecaps melting, …
Argonaut Group Inc. has announced its plans to purchase the shares of North Pointe Financial Services Inc. and Hermitage Insurance Co., two subsidiaries of Queensway Financial Holdings Ltd. The letter of intent also contemplates a possible purchase of the shares …
