Overall, Latin American insurance companies are working to improve underwriting results and improve performance, says a report released by Standard & Poor’s Ratings Services titled, “The Evolution Of Profitability In The Latin American Insurance Industry.” “In spite of challenges in …
Standard & Poor’s Ratings Services has issued a new, and quite positive, report – “Top 50 Latin American Insurers Show Improving Fundamentals.” The rating agency cited “the growing economies, increased number of countries with single-digit inflation rates, low interest rate …
Royal & Sun Alliance Insurance Group PLC announced the acquisition of Chile’s leading general insurance business Compañia de Seguros Generales Cruz del Sur S.A. and its Argentinean sister company La República Compañía Argentina de Seguros Generales S.A. for $119 million …
OneBeacon Insurance Group in Boston has completed the sale of National Farmers Union Property and Casualty Company subsidiary to QBE Insurance Group as planned for approximately $142 million. The transaction included NFU’s wholly owned United Security Insurance Company subsidiary. OneBeacon …
OneBeacon Insurance Group in Boston has agreed to sell its National Farmers Union Property and Casualty Company (NFU) subsidiary to QBE Insurance Group for approximately $142 million, subject to adjustment based on closing book value. The transaction includes NFU’s wholly …
Veronica Hall, an associate agent with Maiden Financial in Martinsburg, W. Va., has opened what she thinks is West Virginia’s first insurance agency catering to Hispanic clients. Hall said she didn’t intend to work in the insurance industry and didn’t …
Veronica Hall, an associate agent with Maiden Financial in Martinsburg has announced the opening of what she thinks is West Virginia’s first insurance agency catering to Hispanic clients. Hall said she didn’t intend to work in the insurance industry and …
MetLife, Inc. and Citigroup Inc. today announced an agreement for the sale of Citigroup’s Travelers Life & Annuity, and substantially all of Citigroup’s international insurance businesses, to MetLife for $11.5 billion, subject to closing adjustments. Combining Travelers Life & Annuity …
Fitch Ratings has lowered the insurer financial strength (IFS) rating on Exporters Insurance Company Ltd., a Bermuda-based group captive insurer that focuses on trade credit insurance, to ‘A-‘ from ‘A’. Fitch, however, assigned a stable outlook to the new rating. …
In a joint announcement, datelined Chicago and Sao Paulo, Brazil, Aon Corp. announced the formation of Aon Affinity Latin America. “The organization will be headquartered in Sao Paulo, Brazil, where Aon has an established presence in the affinity marketplace through …
