Hannover Re, the world’s fourth biggest reinsurer, said second-quarter profit rose 29 percent, beating analysts’ estimates, helped by higher investment income. Net income advanced to €186.3 million ($247.9 million) from €144 million [$191.5 million] a year ago, the Hanover, Germany-based …
New York City prep school Horace Mann sued units of American International Group Inc. saying they refused to defend and indemnify the school for damages stemming from sex-abuse claims by former students against teachers. The Bronx school sued AIG’s Granite …
With the Oct. 1 date for enrollment in the health insurance exchanges being created by Obamacare less than two months away, a war of numbers has been escalating. Health insurance will cost way less. Or it will cost way more. …
Medicare patients receive more diagnostic tests and emergency department referrals when treated by physicians who worry more about malpractice liability, regardless of whether states have adopted common malpractice tort reforms. According to a study by the Center for Studying Health …
A group including former U.S. insurance magnate Maurice “Hank” Greenberg and an Abu Dhabi sovereign fund have agreed to buy a prominent Tokyo office building for $1 billion, the biggest property deal in Japan since February, people with direct knowledge …
Major League Baseball’s Washington Nationals sued an insurance company for $1 million for declining to provide crime insurance coverage for an alleged fraud scheme involving a team executive linked to the signing of a player who was four years older …
Ownership of the insurance broker Hub International is being passed from one private equity firm to another. Funds advised by Hellman & Friedman will buy a majority stake of the Chicago company in a deal that values Hub at $4.4 …
Ebix Inc. said allegations that it was involved in money laundering were false, after its shares tumbled on a Bloomberg report that federal investigators were reviewing the insurance software maker’s cross-border financial transactions. A former Ebix executive was asked by …
The IMA Financial Group Inc. named Stacie Martinez its human resources manager. Martinez will be a part of the IMA Financial Group human resources team that leads human resource functions for IMA and its subsidiaries, which are located in Dallas, …
Wells Fargo Insurance named Alan Boring senior vice president and managing director for its Sherman Oaks, Calif. office. Boring will lead the office’s business development, client service and sales, and cross-sell strategy for the company’s regional insurance operations. Based in …
