The Navajo Nation Council is scheduled to consider a bill next week that proposes borrowing up to $4 million from the tribe’s insurance commission to supplement the emergency management budget. A similar version of the bill was considered by the …
The UK’s Lloyds Banking Group is selling its 70 per cent stake in online insurer esure, to a management buyout vehicle to be called esure Group Holdings Ltd. The esure Group is led by the company’s chairman Peter Wood. It …
The Wyoming Legislature has given its first approval to a bill that would prohibit the use of electronic wireless communication devices for sending text or electronic mail messages while driving. Senate File 20 is sponsored by Sen. Floyd Esquibel, D-Cheyenne, …
Bermuda-based PartnerRe Ltd. Has announced organizational changes, following the acquisition of PARIS RE. The Company said it would “maintain its existing business unit-based operating structure, consisting of three major operating units – PartnerRe North America (formerly known as PartnerRe U.S.), …
Shares in Italy’s top motor insurers could become more attractive this year because of the likely success of tariff [premium] increases in a market where rivalry from online and bank sales is still weak. Fund managers plan to increase their …
Bermuda-based AXIS Capital Holdings Limited announced the formation of a renewable energy team within its AXIS Insurance business. The team is based in London, and will “insure and assess risks for renewable energy producers and distributors, including: wind turbines, biofuel …
Insurer Liberty Mutual Group says it will spend $300 million to expand its global headquarters in Boston, a move that’s expected to add 600 new full-time jobs for the insurer. The insurer already has more than 2,500 employees in its …
Gamal Codner has joined Atlanta-based insurance agency Tanner, Ballew and Maloof, Inc. as a vice president and account executive. Codner had previously been a commercial account executive with the Leavitt Group. At TBM, he will be involved with new risk …
A.M. Best Co. has upgraded the issuer credit rating to “bbb+” from “bbb” and affirmed the financial strength rating of’ B++’ (Good) of Panamanian insurer Compania Internacional de Seguros S.A (CIS)., and has revised its outlook on both ratings to …
American International Group Inc. turned down JPMorgan’s attempts to get in on the estimated $10 billion Hong Kong IPO of its Asian life insurance unit, sources involved with the deal said on Friday, in a snub partly stemming from soured …
