Clive Cowdery, who earned a fortune cutting deals that consolidated the U.K. life insurance industry, is making a foray into the U.S. by buying a business from Allstate Corp. for $600 million (394 million pounds). Resolution Life Holdings Inc., a …
Hoping to gain the high ground in an escalating war of words over Obamacare, the U.S. administration on Thursday forecast sharply lower than expected insurance costs for consumers and small businesses in new online state healthcare exchanges. A report by …
India has extended a temporary approval to Iranian underwriters Kish P&I Club and Moallem Insurance Co for covering container and tanker vessels calling at Indian ports, in a move that should clear a backlog of non-oil shipments. The three-month extension …
The Federation of European Risk Management Associations (FERMA) announced that it has told the European Commission that “any new insurance solutions for catastrophe risks should be market based and respect freedom of choice for company insurance buyers.” FERMA made the …
French reinsurer SCOR Group announced that “the June flood event in Alberta, which resulted in mass evacuations of people from their homes and major disruption to the Central Business District of Calgary, may ultimately become the largest insured loss in …
The UK’s Financial Conduct Authority (FCA) [the successor to the FSA] has fined Swinton Group Limited, one of the country’s largest insurance retailers, £7,380,400 [$11.215 million] for mis-selling. After an investigation the FCA said it had “found that Swinton’s aggressive …
A Missouri appeals panel says it agrees with a lower court ruling that said a Kansas gun store is protected from lawsuits in a 2007 fatal shooting at a Kansas City mall. The Kansas City Star reports the appeals court …
Independent wholesaler All Risks Ltd. named Rick McDonough and his West Coast production team to All Risks’ San Francisco location. In addition to McDonough, the brokerage team leader, joining the office are brokers Shawn Chummar, Yvonne McNamara, Teresa Muston and …
Connecticut Insurance Commissioner Thomas Leonardi today announced that Connecticut-based insurance companies will now be required to complete the annual Climate Risk Survey that was initially adopted in 2009 as a voluntary report by the National Association of Insurance Commissioners (NAIC). …
The Hanover Insurance Group, Inc. has expanded its healthcare industry options with an increased appetite and capabilities for the rapidly growing areas of the healthcare industry, including allied healthcare centers and home healthcare and medical equipment. The company also will …
