For a chunk of change, a piece of the rock will be the next home of the New Jersey Devils. Prudential Financial Inc. and the NHL team announced the company will pay $105.3 million over 20 years to call the …
An Indiana-based insurer is pulling out of West Virginia, saying regulatory action taken against it by the state forced the decision. Medical Savings Insurance of Indianapolis notified customers this month that it will not renew their policies, the Charleston Gazette …
Deloitte & Touche USA LLP’s insurance industry group reported that Howard Mills, who served as superintendent of the New York State Insurance Department from 2004 to 2006, has joined the organization as chief advisor with its insurance industry group, working …
Indiana-based insurer is pulling out of West Virginia, saying regulatory action taken against it by the state forced the decision. Medical Savings Insurance of Indianapolis notified customers this month that it will not renew their policies, the Charleston Gazette reported …
Even as the Mississippi attorney general negotiates a potential settlement with State Farm Fire & Casualty Co., an eight-person jury began hearing opening statements Tuesday in one of hundreds of insurance lawsuits filed by policyholders after Hurricane Katrina. By seating …
U.S. Rep. Gene Taylor has called for a congressional investigation into the post-Hurricane Katrina practices of private insurance companies. Taylor, D-Miss., made the announcement Monday at a public forum in Ocean Springs. “This is going to be a fight,” Taylor …
Paolo De Martin, CFO of Converium, speaking at the Cheuvreux Insurance Conference in Paris, stressed the Company’s commitment to “future value drivers” and its approach to “integrated asset & liability management.” He presented Converium’s “rebalancing” of approximately $6 billion as …
Following the successful launch of their joint venture life insurance operations, France’s AXA Group and India’s Bharti Enterprises have signed a preliminary agreement to establish a joint Indian P/C insurer. Bharti will have a 74 percent stake, with AXA holding …
The UK-based ArmorGroup International plc, a provider of protective security services, announced the acquisition of Neil Young Associates (NYA), a leading specialist kidnap and extortion consultant, for a maximum consideration of £1 million ($1.94 million). Neil Young (presumably no relation …
Tony Markel, president and COO of Markel Corporation, has expressed his satisfaction at the progress Lloyd’s has made and the London market’s current strong financial condition. In a comment on the Lloyd’s web site (www.lloyds.com) Markel said he was “amazed” …
