The Bank of Beijing, which is 16 percent owned by the Netherlands ING Groep NV, said on Tuesday it is in talks to buy a 50 percent stake in one of ING’s life insurance ventures in China from the venture’s …
W. R. Berkley Corp. announced the formation of Berkley Underwriting Managers Canada, Ltd. The new unit is based in Toronto and will offer a wide range of specialty casualty commercial insurance products, including general liability, products liability and other commercial …
BFL Canada and Lockton announced an alliance to serve clients in North America. BFL Canada is the country’s largest independent commercial insurance broker. Lockton is the world’s largest privately held insurance broker. Executives of both companies stated that the alliance …
Speculation Abounds as AIG Readies to Sell Off Assets For the moment, giant American International Group (AIG) lives on government life support, for which it’s paying 850 basis points (8.5 percent) over LIBOR, effectively 11.4 percent, on an $85 billion …
Shockwaves from the global credit crisis spread on Thursday, threatening industry and jobs worldwide and putting pressure on the U.S. Congress to finish up a $700 billion bailout of the U.S. financial sector. The fate of the rescue plan, passed …
Legal malpractice claims related to real estate are up approximately four percentage points according to the just-released American Bar Association study of legal malpractice claims for 2004-2007 compared to the previous study covering 2000-2003. As real estate values have fallen …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Munich Reinsurance Company and its subsidiaries. Best also affirmed the debt ratings of “a+” on £300 million ($551 million) …
Richard Ford, chief examiner of the Alabama Department of Insurance since 1993, accepted election as president of the Society of Financial Examiners at the organization’s recent annual meeting in Nashville, Tenn. At the Department of Insurance, Ford directs the efforts …
Marsh’s London office announced the appointment of William Diaz as head of Marsh Client Technologies, “a newly formed unit that comprises MarshConnect, the firm’s global client technology interface, and CS STARS.” Diaz will work with Marsh’s clients and the firm’s …
Woodland Hills, Calif.-based C.M. Meiers Co. Inc. has named Greg Jones managing director for the production insurance division of CMM Entertainment, a division of C.M. Meiers Co. Inc. A 28-year veteran of the insurance industry, Jones began his career in …
