Turkey holds strategic significance for insurer Mapfre in its plans to expand into East Europe and the Middle East, the chairman of the company said in remarks in Istanbul. Antonio Huertas confirmed his company’s long-term commitment to Turkey and the …
Continuing its repositioning as a specialty insurer, OneBeacon Insurance Group Ltd. is selling its runoff business to an affiliate of Armour Group Holdings Limited. OneBeacon said it will transfer to Armour certain legal entities within the OneBeacon group, which will …
Auto lender Ally Financial, which is 74 percent-owned by the U.S. government, will sell its Mexican insurance business to insurance and reinsurance company ACE Ltd for $865 million in cash as it looks to focus on its U.S. operations. Ally, …
Chinese insurance intermediary CNinsure Inc. is setting up CNinsure Sales Service Group Company Limited, which it said is the first insurance sales service group company in China. The new group will officially launch CNinsure’s new product, Palm Tablet. Palm Tablet …
Independent insurance broker network BrokersLink has added 13, bringing its total to 70 in almost 100 countries, managing premium volumes in excess of $14 billion from 300 offices globally, the company said. The network has also expand into a number …
The Hartford Steam Boiler Inspection and Insurance Company (HSB), part of Munich Re, has introduced a new concept in homeowners insurance, HSB HomeWorks, which combines breakdown coverage for home equipment systems, appliances and electronics with a suite of home energy …
Specialty property casualty insurer Philadelphia Insurance Companies has named Scott Bayer as senior vice president of Excess and Surplus Lines and promoted Tony Angelo to regional vice president for the Southeast. In his new role, Bayer will manage the company’s …
Financial performance of technology companies is tied to certain “red zone” risks, critical non-financial risks where a company must take action to become adequately prepared. These critical non-financial risks include business decline due to economic conditions, hiring and retaining employees, …
Once again, Insurance Journal is polling its readers asking for their thoughts on today’s agency errors and omissions market. Don’t miss your chance to find out what’s been going on with insurance agents’ errors and E&O insurance. The DEADLINE to …
Insurance brokerage and risk management firm Integro has appointed Managing Principal Anne Anderson as head of the firm’s New York City office.Anderson has more than 25 years experience in risk management account design, placement and service implementation. At Integro, which …
