The American Insurance Association has issued a statement, which points out several instances of a “disconnect between the continued significant global insurance capacity and a strong demand for insurance products that is often created by protectionist barriers in emerging markets.” …
American International Group is selling part of its stake in AIA Group to raise about $6 billion to help the U.S. insurer repay a huge federal government bail-out. AIG is looking to place some 1.7 billion AIA shares in a …
The long-awaited implementation of the Free Trade Pact between the Republic of Korea, or South Korea, and the U.S. (KORUS) is scheduled to go into effect on March 15. The date will see the conclusion of negotiations that began in …
The Oregon House Judiciary Committee on Monday tabled HB 4136, a bill its detractors said would have imported “the legacy of bad faith litigation” from neighboring states into Oregon. A handful of insurance trade associations urged the committee to reject …
American International Group Chairman Steve Miller said on Thursday the bailed-out insurance company may eventually want to buy a life insurer outside the United States, including possibly a larger stake in the spun-off Asian unit AIA Group Ltd. as confidence …
The assets of Pullman, Wash.-based Associated Independent Agencies Inc. (AIA) have been acquired by Headquartered in Chicago, Ill.-based Hub International Ltd (Hub). Terms of the deal were not disclosed. The AIA operation will become part of Hub International Mountain States …
AIA Group Ltd, Asia’s No.3 insurer, said growth accelerated in the third quarter, with its value of new business rising 53 percent as strong performance in markets such as Malaysia helped boost earnings. The insurer’s value of new business (VONB) …
The insurer group, American Insurance Association, has hired Ron Jackson to serve as its southeast region assistant vice president for state affairs. Jackson currently is the assistant commissioner for the Georgia Office of Insurance and Safety Fire Commissioner. He also …
Britain is probing investment banks over insurer Prudential Plc’s failed $35.5 billion bid for rival AIG’s Asian business, AIA, last year, two people familiar with the matter said. The probe, ordered by the Financial Services Authority (FSA), would examine the …
The American Insurance Association (AIA) announced it testified in favor of legislation in Kansas — House Bill 2119 — that would prohibit municipalities from adopting accident response fees or “crash taxes.” AIA’s testimony was presented by Brad Smoot, AIA’s Kansas …
