PartnerRe Ltd. announced that its Board of Directors has approved a new share repurchase authorization up to a total of 7 million common shares, effective immediately. “This replaces the prior authorization of 8 million common shares announced by the Company …
A special report from A.M. Best concludes that “robust earnings reports mask challenges ahead for the global reinsurance industry: a convergence of market pressures, low interest rates and tightening financial and market regulations that could impact the industry’s capital. “These …
Australia’s competition regulator has again blocked National Australia Bank’s $12 billion bid for AXA Asia Pacific, dealing a blow to NAB’s 9-month efforts to cement its dominance in the world’s fourth-largest wealth management market. The ruling sent AXA Asia Pacific’s …
Aon Benfield has appointed Mike Van Slooten as head of the International Research team, which monitors and analyzes reinsurers and market trends. He will be responsible for “organizing market security and research activities in the international re/insurance markets and managing …
Wylie Insurance of Modesto, Calif., has joined The Iroquois Group. According to agency principal Alisa Bierria-Wylie, Wylie Insurance was founded in 2007 and offers auto, home, life, health, commercial and retirement planning products. “I felt a need to diversify the …
Pasadena, Calif.-based Bolton & Co. has joined Benefit Advisors Network (BAN), a national network of independent benefit advisory and consulting companies. To be admitted to BAN, firms go through a screening process that focuses on industry knowledge, ethics, business acumen …
Car booster seats have made strides in ensuring a proper fit for children in the back seat, according to a review by the insurance industry. The Insurance Institute for Highway Safety gave its top marks to 21 of 72 booster …
With a letter sent out a few weeks ago, Explorer Insurance announced that it will no longer write private automobile policies in Florida because there is too much fraud. “The company is taking this action in light of poor ongoing …
Greg Cushard has joined Lockton in San Francisco as a vice president and producer, addition of an energy and transportation practice in that office. Cushard has held business development and management roles during his career, and has experience with energy …
The Surplus Line Association of California has processed $1.9 billion in premium for the first six months of 2010, a decrease of 15.5 percent compared to the same period in 2009. The total number of policies filed with the SLA …
