U.S. Treasury Expects $6.3 Billion from AIG’s MetLife Sale March 3, 2011 By David Lawder and Ransdell Pierson American International Group Inc. sold $9.6 billion worth of MetLife Inc. shares on Wednesday, producing gross proceeds of about $6.3...
State Farm Posts $1.8 Billion Net Income for 2010 Despite Underwriting Losses March 3, 2011 State Farm reported $1.8 billion in after-tax net income in 2010, compared with $800 million in 2009. The improvement “was...
UPDATE – Treasury Expects $6.3 Billion from AIG’s Metlife Share Sale March 3, 2011 By David Lawder and Ransdell Pierson American International Group sold $9.6 billion worth of MetLife Inc shares on Wednesday, producing gross proceeds of about $6.3 billion...
Maritime General Agency Rebrands, Consolidates All Entities March 3, 2011 Maritime General Agency announced its newly formed business identity, which it said “combines three niche marine insurance underwriting facilities: Maritime...
Best Comments on Impact of Christchurch Earthquake on New Zealand P/C Insurers March 3, 2011 A.M. Best’s London office announced that it “has begun to assess the financial impact of the Feb. 22, 2011 Christchurch...
Markel Appoints James to North American Property Treaty Reinsurance Team March 3, 2011 Specialist insurer Markel International has appointed Nick James to its specialty division as a class underwriter in US and Canada...
Tokio Millennium Re Receives Authorization for Australia March 3, 2011 Bermuda-based Tokio Millennium Re Ltd. (TMR), a subsidiary of Japan’s Tokio Marine & Nichido Fire Insurance Co., Ltd., announced that...
Lloyd’s Market Association Issues Statement on Middle East Unrest March 3, 2011 The Lloyd’s Market Association has issued the following statement concerning the wave of political protest and demonstration that have been...
JLT Sets up Japan Subsidiary March 3, 2011 UK-based international broker JLT Group announced that it has established JLT Holdings Japan “through an equity transfer arrangement.” JLT said...
Tennessee Bill Would Tighten Workers’ Compensation Eligibility March 3, 2011 By Michael Adams The Tennessee Legislature is considering a number of changes to its workers’ compensation law that are designed to tighten the...