Lloyd’s Chairman Lord Levene will tonight outline a four-point plan to restore confidence in the insurance industry. Speaking to business leaders in Philadelphia at the Risk and Insurance Management Society conference, Levene will call for the insurance industry to eliminate …
Connecticut Governor M. Jodi Rell and MetLife Chairman and Chief Executive Officer Robert H. Benmosche today announced an agreement to keep 1,310 jobs in Hartford following the acquisition by MetLife of Travelers Life & Annuity. The announcement comes after three …
Joe Plumeri, chairman and chief executive officer of Willis Group, the global insurance broker, will deliver the keynote address at the 2005 Risk and Insurance Management Society annual conference today in Philadelphia. Citing the months of investigations and questions over …
Zurich Financial Services Group announced that it has signed an agreement to sell a 10 percent stake of South African Eagle Insurance Company Limited (SA Eagle), a majority-owned subsidiary, to Royal Bafokeng Finance (RBF), a company wholly-owned by the Royal …
Ireland’s FINEOS Corporation, a provider of banking and insurance software, announced that Ireland’s information and communications technology (ICT) industry has named the company as “Vendor/Manufacturer of the Year” at the ICT Excellence Awards 2005. The award was presented to FINEOS …
ACE USA, the U.S.-based retail operating division of The ACE Group of Companies, announced that its International & Specialty Group, in conjunction with ACE Professional Risk, has launched a new first party network risk insurance product – ACE Digital DNA(SM) …
The U.K.’s Chaucer Insurance, a leading Lloyd’s insurer, has reportedly broken off talks aimed at acquiring another U.K. company, auto insurer Highway for around £87 million ($165 million). Reuters cited Chaucer management sources as indicating that the two had failed …
In the wake of the investigations targeting the world’s dominant brokers – Marsh & McLennan, Aon, and to a lesser extent Willis – an opportunity has opened for a new entrant in the field. According to a report from the …
I have a bone to pick with the insurance industry. Why is an industry that loses billions on cat losses every year so hot under the collar about dogs? You don’t have to be a poodle to know that with …
The Los Angeles office of Crouse & Associates has hired Shawn Hecker as a surplus line broker/underwriter. He will be responsible for building a book of construction business. Hecker has more than 10 years of experience in the insurance industry. …
