The UK’s Chartered Insurance Institute (CII) announced that, as “part of its long term drive to promote greater levels of professionalism and ethical behavior in insurance and financial services,” it “has published the first of an important series of studies …
Federal investigators are focusing their attention on three employees at American International Group Inc.’s financial products unit amid a probe into derivatives contracts that nearly destroyed the insurance giant, according to a report in The Wall Street Journal. In a …
Officials from three states of the Gulf Coast are meeting this week to discuss preparations for hurricane season. The 2009 Gulf States Hurricane Conference is being held Wednesday through Friday at the Coast Coliseum and Convention Center in Biloxi with …
Bermuda-based Montpelier Re Holdings Ltd. reported operating income of $47 million (or $0.54 per share) for the quarter ended March 31, 2009, compared to $28.2 million for the same period of 2008. Comprehensive net income was $51 million (or $0.59 …
ACE Limited reported from its Zurich headquarters that net income for the quarter ended March 31, 2009 was $567 million, or $1.69 per share, compared to $377 million, or $1.10 per share for the same quarter last year. Income excluding …
U.S. life insurers, weakened by the global financial crisis, are in for mergers and regulators will not shy away from playing matchmaker to deal with weak companies, Eric Dinallo, New York’s insurance superintendent, said Tuesday. Deals could happen in other …
Insurance broker Hub International Limited is selling some of its Florida wholesale and specialty insurance business back to a previous owner. Hub said it is selling Hub International Florida, including wholesaler ABCO Insurance Underwriters and ABCO Premium Finance, in addition …
Marsh has issued an extensive bulletin, which outlines the risk and insurance implications for businesses arising from the possible pandemic of the “Swine” or “Mexican” flu. The bulletin noted that the news media had reported “confirmed cases of Swine Flu …
While the economic crisis and the growing swine flu menace have become the biggest immediate concerns for countries around the world, climate change remains the greatest long term threat. Its impact will continue to be felt long after the economy …
Dallas-based Gainsco announced that beginning in May it will be offering high-quality, minimum-limits auto insurance in the state of Georgia. MGA Insurance Company Inc., which markets its policies and services using the trade name Gainsco Auto Insurance, will add Georgia …
