Nuts & Bolts: INAMAR, the marine marketing and underwriting division of ACE USA, launched a new insurance program designed exclusively for the owners of personal watercraft. The INAMAR PWC program is available to all agencies appointed by ACE for recreational …
New Orleans-based Pan-American Life Insurance Company announced that Suzanne Jurenek is the company’s new sales director for U.S. Life Sales. As director of U.S. Life Sales, Jurenek works with MGAs and producers to generate life, annuity and disability sales in …
Claiming that progress is already underway toward building a stronger, national, state-based system of insurance regulation, the National Association of Insurance Commissioners (NAIC) told the Senate Committee on Banking, Housing and Urban Affairs that any establishment of a federal oversight …
At least 9 persons were reported to have died on the Caribbean Island of Grenada, following a direct hit from Hurricane Ivan. A report from the BBC, delayed because of damage to communications facilities, said that 90 percent of the …
Hurricane Ivan continued its destructive path through the Southeastern Caribbean yesterday, pummeling Grenada, Barbados and Tobago with 120 mph (195km/hr) winds before moving back over open water. No deaths have so far been reported, but property damage has been severe …
Boston-based Liberty Mutual Group will further expand its Latin American insurance business with the purchase of the insurance operations of AGF Allianz Chile S.A., a unit of France’s AGF, which is in turn a division of Germany’s Allianz AG. The …
INAMAR, the marine marketing and underwriting division of ACE USA, has announced the launch of a new insurance program designed exclusively for the owners of personal watercraft (PWC). The INAMAR PWC program is available to all agencies appointed by ACE …
Liberty Mutual Group announced that it has concluded the acquisition process by its Spanish subsidiary, Liberty Insurance, of MetLife’s Spanish operations, including its non-life subsidiary, Genesis Seguros Generales, S.A., and its life subsidiary, Seguros Genesis, S.A. The companies offer auto …
Boston-based Liberty Mutual Group announced that its subsidiary, Liberty International, has signed an agreement to acquire Winterthur’s Portuguese business units and branch offices, including its subsidiary companies Companhia Europeia de Seguros and Winterthur Pensoes. The terms of the deal were …
Swiss Re has released its latest “sigma” study, which examines the insurance industry in Latin America emphasizing the growth potential of the region, but warning of the necessity to increase profitability. Sigma 2-2002 cited three main areas “impacting the Latin …
