Bailed-out insurer American International Group will sell off its stake in MetLife Inc. months earlier than expected, accelerating its repayment of the U.S. government and giving MetLife more control of what had been an overhang for its shares. AIG’s bailout …
Zurich Financial Services Group announced that it has “closed the sale to Unnim of its 50 percent stakes in the life and general insurance bancassurance companies CaixaSabadell Vida, S.A. de Seguros y Reaseguros and CaixaSabadell Companyia d’Assegurances Generals, S.A., jointly …
Crawford & Company announced that it has successfully completed its acquisition of Studio Bolton & Associati s.r.l., first announced in November 2010. Studio Bolton is a leading specialist liability adjusting and claims handling company in Italy, with more than 35 …
Swiss Re has announced that, based on current information, it provisionally estimates its claims cost from the earthquake in New Zealand on February 22nd to be approximately $800 million, net of retrocession and before tax. “The total insured claims for …
Global food prices are likely to keep rising as production struggles to match demand and extreme weather events become more frequent, a climate-change advisor to the Australian government said on Wednesday. Ross Garnaut told an agricultural outlook conference that more …
“The decision by the European Court of Justice (ECJ) to ban the use of gender in insurance policies from December 2012 is disappointing news,” states a bulletin from the Association of British Insurers (ABI). The UK’s insurance industry “has fought …
Lloyd’s insurer Kiln and international broker Lockton have teamed up to offer cyber insurance to small- and medium-sized online retailers. “The security and privacy cover is being made available to members of the e-retailers association Interactive Media in Retail Group …
Carolina Casualty Insurance Co. has extended All Risks, Ltd.’s binding authority nationwide, effective March 1, 2011. All Risks, Ltd. has the authority to write trucking risks nationwide with a fleet size of eleven or more power units with exception of …
Ohio Lieutenant Governor and Department of Insurance Director Mary Taylor named Jillian Froment the department’s chief administrative officer. Froment is responsible for the day-to-day operations of the department’s fiscal, human resources, information technology, communications and consumer affairs divisions. Froment most …
Allied American Underwriters (AAU), a national program manager and subsidiary of USG Holding/USG Insurance Services, has added Pamela King as an underwriting assistant in Louisiana. King developed her career throughout 19 years of service primarily dedicated to First Premium Insurance …
