Swiss Re’s Admin Re unit has agreed to acquire individual and group pension and related annuity policies from HSBC Life (UK) Limited. Swiss Re said the transaction is scheduled to close in the second half of 2015.” The agreement concerns …
U.K. insurers should have a cap placed on the cost of replacement cars for drivers at fault for accidents to help reduce insurance premiums, the country’s Competition and Markets Authority said in a draft opinion today. Insurers should give consumers …
Validus Holdings Ltd., the Bermuda- based reinsurer, is near an agreement to acquire specialty insurer Western World Insurance Group, people familiar with the matter said. Validus could announce a deal valuing Western World at more than $600 million later this …
A St. Louis County construction company faces more than $100,000 in fines after a federal agency investigating a serious workplace injury found multiple safety violations. The federal Occupational Safety and Health Administration says it found 11 workplace violations at Gershenson …
Ironshore International’s Pembroke Managing Agency Limited through its Lloyd’s Syndicate 4000 (Pembroke) has introduced insurance coverage for passengers and participants in sub-orbital space flights. Pembroke’s product provides cover for personal risk exposure of death, serious injury, and associated medical expenses …
Validus Holdings Ltd., the Bermuda- based reinsurer, is near an agreement to acquire specialty insurer Western World Insurance Group, people familiar with the matter said. Validus could announce a deal valuing Western World at more than $600 million later this …
Wall Street could count on Eric Cantor to take its side in the U.S. Congress. It won’t have the same luck with a top lawmaker in line to replace him. House Financial Services Committee Chairman Jeb Hensarling, who twice voted …
The California Public Utilities Commission wants the insurance industry to get off its duff and start creating some products to offer to ridesharing drivers. A proposal issued by CPUC on Tuesday further defines ridesharing or transportation network companies and activities …
Under new laws signed by Gov. Jay Nixon, Missourians now have more paperless options when receiving policy information from their insurance companies, and commercial property owners will see expanded insurance protections, the Missouri Department of Insurance announced. House Bill 1079 …
The vendor operating Connecticut’s health insurance marketplace call center took responsibility Monday for an employee leaving behind a backpack containing personal information of hundreds of clients outside a downtown Hartford deli, saying it was an inadvertent mistake and the worker …
