The Alliance of American Insurers filed comments with the Arizona insurance department regarding proposed amendments to the state’s insurance holding company law that would require insurers that are part of holding companies to file biographical information on officers and directors, …
Carl Icahn’s High River Limited Partnership said has again extended its deadline to purchase up to $40 million in bonds of ailing insurance company Reliance Group Holdings Inc. Icahn has extended the offer to Feb. 20 from the previous expiration …
American International Group is on the lookout for acquisitions both in the United States and overseas, according to a statement made by Chairman Maurice Greenberg during a meeting with analysts and money managers that also was open to limited public …
The Federal Reserve Board has approved the MetLife’s application for bank holding company status and its acquisition of Grand Bank, N.A. of Kingston, New Jersey. The Board also has approved MetLife’s request for financial holding company status. MetLife signed a …
Fitch has made several minor revisions to its methodology for insurance industry debt ratings. The new standards are discussed in the recently published criteria report titled ‘The Relationship Between Insurer Financial Strength and Debt Ratings’. A complimentary copy is available …
French reinsurer SCOR S.A. has reported a 14.5 percent increase in premium volume to 3.5 billion euros ($3.30 billion) in 2000. Prior to publication of its complete annual results in March, the Paris-based group announced Monday that its life, accident …
Prudential expects to cut 2,000 sales jobs in Great Britain over the next year in a restructuring of its direct sales force in the UK. The company is reportedly shifting its focus from a large direct sales force to alternative …
American Re has appointed three senior executives who will further accelerate the company’s move into writing business through reinsurance intermediaries. Richard J. McConnell has joined the Brokered Group as its chief financial officer and senior vice president. Prior to joining …
The Pennsylvania Insurance Fraud Prevention Authority released its annual statistics. The IFPA funds 13 law enforcement units throughout the commonwealth using assessments on insurance companies. Without spending one cent of taxpayer money, the IFPA has had an undeniable impact on …
A bill designed to protect information gleaned from the internal audit process of insurance companies was recently introduced in the Vermont legislature. H.B. 191, introduced by Reps. Hube and Crawford, defines self-audit information as any data resulting from voluntary, internal …
