The Norwegian government continued to voice opposition to the $2.3 billion bid by Finland’s Sampo to take over Storebrand, Norway’s largest insurer. According to a report in London’s Financial Times, a meeting between Norway’s Finance Minister, Karl-Eirik Schott-Pedersen, and Sampo …
Holland’s AEGON N.V. announced that it will issue 55 million new ordinary shares, thereby increasing its capital by around 4 percent, in order to raise an estimated $1.5 billion “to finance the acquisition of the Direct Marketing Services operations of …
Germany’s Allianz posted a 6 percent rise in gross premiums written in the first quarter of 2001 to € 20.6 billion ($17.6 billion), reflecting contributions from acquisitions and a 7.9 percent increase in p/c premiums to € 13 billion ($11.1 …
Stockholders for Conn.-based CyberOpticLabs Inc. gave their approval to a change in the company’s name to Cordia Corporation. Cordia Corp., a publicly-traded company which develops and offers industry specific applications, solutions and services, has its main concentration in the insurance …
Maine Governor Angus King signed into law a financial services privacy bill (LD 1640), which is, according to the American Insurance Association (AIA), consistent with the federal privacy regulations in Title V of the Gramm-Leach-Bliley Act (GLBA). James T. Harrington, …
Insurance Marketing Communications Association (IMCA) and Life Communicators Association (LCA) announced today that their organizations will hold a joint conference in Toronto, Canada, in June 2002. Both non-profit associations provide educational and professional development opportunities for communicators in insurance and …
Legislation that would provide Superfund liability protection for small-businesses that disposed of municipal solid waste before April 1, 2001 recently passed the U.S. House of Representatives. According to Julie Gackenbach, the National Association of Independent Insurers (NAII) director of Government …
Cumberland Technologies Inc., surety automation vendor and owner of Cumberland Casualty & Surety Company, and AMS Services, Inc., a developer of agency management systems, announced the integration of the Bond-Pro® surety automation system with the Sagitta Browser management system. For …
Symons International Group, Inc., a nonstandard automobile insurer, and Acceptance Insurance Companies Inc. signed a definitive agreement for American Agrisurance® and other Acceptance affiliates to purchase the crop insurance assets of IGF Insurance Company, the nations fifth largest crop insurance …
MIMS International and Philadelphia Insurance Companies joined Big “I” Markets, offering miscellaneous professional liability insurance that agents can provide to clients through the online technology conduit. The new coverage-the latest addition to the Big “I” Markets portfolio of specialty, niche, …
