Munich Re has dropped its medium-term earnings per share goal and declined to give a profit forecast for 2009 amid financial market turmoil. “For 2009 and 2010… the investment result will be well below the long-term target of 4.5 percent. …
MetLife Auto & Home announced the appointment of San Diego resident Rodrigo Sebastiani to the position of regional sales manager, overseeing the company’s growth plans in the San Diego market. Sebastiani has more than 28 years in the insurance industry. …
Seattle-based Torrent Technologies Inc. has created a new subsidiary, Torrent Insurance Services LLC, to be based in Kalispell, Mont. In conjunction with TIS, the company has created another subsidiary, Torrent Government Contracting Services LLC, based outside of Washington, D.C. TIS …
The American Insurance Association (AIA), National Association of Mutual Insurance Companies (NAMIC) and Property Casualty Insurers Association of America (PCI) are reaching out to Oregon legislators to highlight what it calls the “dangers” of HB 2791, which the associaitons believe …
Giant insurance broker Brown & Brown Inc. has acquired an Indiana-based agency with $1.3 million in revenues. Brown & Brown acquired the assets of One Source Insurance, Inc. of Noblesville, which sells individual and group life, health, and other employee …
Paula Rosput Reynolds has a job that would daunt some of the most experienced Wall Street veterans — restructuring American International Group Inc. by selling assets in the midst of a severe credit crunch. Reynolds, 52, was appointed AIG’s chief …
The British American Business Council of Orange County, Calif., (BABC-OC) recently appointed John Kuykendall as president for 2009. Kuykendall is a long-time member of the Southern California business community and president and owner of Benefit Solutions Co., a local insurance …
American International Group Inc., whose $61.66 billion quarterly loss was the largest ever for a U.S. company, has been sued for securities fraud by former Chief Executive Maurice “Hank” Greenberg. Greenberg, the insurer’s largest individual shareholder, accused AIG of overstating …
Standard & Poor’s Ratings Services has placed its ‘BBB-‘ counterparty credit rating on Max Capital Group Ltd. on CreditWatch with positive implications following the company’s announcement that it will merge with IPC Holdings Ltd., a leading provider of property catastrophe …
The Connecticut Insurance Department says it recovered nearly $3.1 million on behalf of consumers last year – on par with previous year’s recoveries from resolving consumers’ disputes and complaints. “We are here to help, and I think this demonstrates that …
