While wealth management is fairly advanced in the U.S., the funding of pensions will increasingly move from public to private pension providers for the rest of the world. Becoming more proficient at managing enterprise risk and deploying capital will also …
Stating there had not been enough trades on the durum futures market to calculate a price, The Federal Agriculture Department is asking a judge to throw out a lawsuit filed by farmers who claim the government unfairly stopped offering insurance …
Three Ohio business groups are asking the state Supreme Court to affirm that the policy provisions and intent of two parties entering into a contract should not be usurped by judicial decisions rendered years after the contract was initiated. The …
While NASCAR and CART may dominate the sport of auto racing in the U.S., the rest of the world watches Formula 1. This no doubt influenced Allianz AG to sponsor the BMW Williams F1 Team during the 2002 season. The …
XL Capital Ltd is posting on its Internet site a full transcript of remarks made by Henry C.V. Keeling, Chief Executive of Reinsurance Operations and President and Chief Executive Officer of XL Re Ltd, during a previously announced investment conference …
A.M. Best Co. assigned an initial financial strength rating of A- (Excellent) to Goshawk Reinsurance Limited (Goshawk Re), the recently established Bermuda-based subsidiary of the U.K.’s Goshawk Insurance Holdings plc (GIH). GIH is listed on the London Stock Exchange and …
The New York subsidiary of national insurance intermediary Brown & Brown announced that it has acquired the business of Virgil N. Sestito, a sole proprietor doing business as Sestito Insurance Agency, of Rome, New York, effective January 1, 2002. Sestito, …
Germany’s Allianz AG has elected to become part of the World Trade Center dispute by joining Swiss Re and Chubb Corp. in seeking to have the destruction of the twin towers declared “one occurrence,” rather than two. As detailed in …
SAFECO is stepping up to the plate to bring a little big-league magic to youth baseball organizations around the country. In partnership with local insurance agents and advisors, the Seattle-based company will contribute $1 million over the next two years …
The Alliance of American Insurers has questioned the legality of recently adopted privacy regulations in New Mexico. “Earlier this year, the New Mexico Legislature directed the superintendent of insurance to adopt rules governing the privacy of ‘nonpublic personal information of …
