Holland’s ING Group posted a rise in operational net profit of 8.4 percent to 3.304 billion euros ($2.9 billion) compared to the same period last year. It also announced an agreement between ING Canada and Zurich North America Canada to …
Arch Capital, which has extensively restructured its operations over the past year, announced that its after tax operating income for the 3rd quarter, excluding net realized investment gains and losses and equity in net income of investees, was $465,000. Including …
A recent study by J.D. Power and Associates has ranked the Erie Insurance Group highest in customer satisfaction for homeowners insurance. Erie’s announcement noted that the study found the company performed especially well in being easy to contact, the courtesy …
Latin American Re has adopted the global brand name of its parent company XL Re Ltd., renaming itself as XL Re Latin America Ltd. (XL Re LA). The move follows XL Re’s acquisition last year of Risk Capital Holdings’ (Now …
The conversion of illegal funds into legitimate accounts and investments, commonly known as “money laundering,” is a growth business. According to the International MonetaryFund, money laundering could account for 2 percent of global Gross Domestic Product. Based on 1996 figures, …
Liberty Mutual Group is adding to its operations in Spain by purchasing Royal & Sun Alliance’s property and casualty and life insurance operations in the country. The purchase will expand Liberty Mutual Group’s Spanish base, which began when its subsidiary …
Fireman’s Fund Insurance Company announced it has liberalized its Scheduled Valuable Possessions coverage to afford affluent clients greater convenience and extra protection without extra cost when insuring valuables, such as jewelry, fine art, collectibles, silver and the like. According to …
A new report from international financial analysts Standard & Poor’s sees substantial growth potential in Latin America and analyzes the prospects of the region’s 50 largest insurers. Highlights of the report show that insurance markets in the region account for …
Thomas W. Harvey, President and CEO of Assurex, the network of independent risk management and commercial insurance brokerages, warned that U.S. firms doing international business were inadequately covering the dangers to their employees from kidnappings and ransom demands, by not …
ACE International, the global operations arm of Bermuda’s ACE Ltd., announced plans to open a new regional headquarters in Sao Paulo, Brazil, headed by Acacio Queiroz, to serve the company’s Latin American clients. The new office, which is expected to …
