Lloyd’s Chairman Lord Levene welcomed His Excellency Lee Hsien Loong, Prime Minister of Singapore, and a host of senior executives from across the insurance market, government and business at a dinner held in the Merchant Taylors’ Hall in London on …
CIGNA International has extended its expatriate benefit service through the expansion of its “CIGNALinks(R)” chain to Hong Kong, China, Taiwan, Spain and five countries in the Middle East – the Kingdom of Saudi Arabia, the United Arab Emirates, Bahrain, Qatar, …
Australian conglomerate Wesfarmers Limited has made a conditional cash offer of A$4.50 (US$3.434) per share for the entire issued capital of OAMPS Limited, the country’s largest publicly-owned insurance broker. The offer values OAMPS at A$700 million (US$534 million). The Company’s …
A comprehensive study of property and casualty insurance companies in North America, Western Europe and Australia has determined that the top line is more often the bottom line than previously thought. Bain finds that the revenue growth holds the strongest …
Towers Perrin has named Steve Taylor-Gooby as managing director for its Tillinghast business. In his new role, Taylor-Gooby will assume responsibility for establishing overall strategic direction, key investment priorities and positioning for Tillinghast’s global organization. He was previously the Global …
Progressive Drive, Homesite Drive Insurance from Progressive signed a joint marketing agreement with Homesite Insurance Group. The agreement paves the way for a test that will allow selected Drive agents in Ohio, Pennsylvania and Oregon to provide their Drive auto …
Progressive Drive, Homesite Drive Insurance from Progressive, a writer of auto insurance through independent agents and brokers in the United States, signed a joint marketing agreement with Homesite Insurance Group, a national provider of home insurance products. The agreement will …
Insurance Australia Group Limited has released its earnings figures for the fiscal year 2006, which ended June 30. Overall profit for the year was A$862 million (US$655 million) compared to A$928 million (US$705 million) for 2005, a 13 percent drop. …
A.M. Best has affirmed the financial strength rating (FSR) of “A++” (Superior) and the issuer credit rating (ICR) of “aa+” for Koelnische Rueckversicherungs-Gesellschaft AG (Cologne Re), the German-based subsidiary of Berkshire Hathaway’s General Re (See related ratings article in National). …
France’s AXA Group has appointed Philippe Donnet to the position of AXA Group Regional CEO – based in Singapore – to oversee AXA’s principal insurance businesses in the Japan & Asia-Pacific region, effective October 1. The appointment confirms AXA’s intention …
