The Bermuda-based Everest Re Group, Ltd. will release its Second Quarter 2008 earnings after close of trading on the NYSE today, Monday July 21, 2008. A conference call discussing the results will be held at 8:30 a.m. Eastern Time on …
Employers Holdings Inc., a provider of workers’ compensation insurance to small, U.S. businesses based in Reno, Nev., will review the company’s second quarter 2008 financial results during a conference call and webcast Friday, Aug. 8, 2008, at 10:30 a.m. PDT. …
Northbrook, Ill.-based Allstate Insurance Co. has agreed to settle an insurance case involving a Hawaii man that had attracted national attention over the insurer’s refusal, and eventual agreement, to provide key documents on how it evaluates and pays claims. The …
Large regional insurance brokers won’t be immune from the cyclical downturn hitting many sectors of the insurance industry. Although geographic and product-line diversification will offer some protection from the insurance slump and a few brokers report success in negotiating higher …
Flooding from a creek caused more than $100 million in damage last month to a research and development center for the diesel engine maker Cummins Inc. But the center should return to full operations, thanks to around-the-clock repair work since …
Back-office firm WNS (Holdings) Ltd said it acquired insurer Aviva’s business process offshoring (BPO) business for about $228 million, a deal that will give the company $1 billion worth of outsourced work over a period of eight years. WNS also …
John Charman, chief executive of Bermuda-based Axis Capital says insurers are caught between softening policy rates and volatile investment markets, a situation he expects to hurt returns. “You could make the case that this is the perfect storm — where …
In a twist to a scandal that has rocked the insurance industry over the last several years, a New York appeals court has ruled that contingent commissions paid out by Boston-based Liberty Mutual Group Inc. are not illegal. The ruling …
In a twist to a scandal that has rocked the insurance industry over the last several years, a New York appeals court has ruled that contingent commissions paid out by Boston-based Liberty Mutual Group Inc. are not illegal. The ruling …
New Chief Sees ‘No Sacred Cows’ in Turnaround Plan; Ready to Divest of Non-Insurance Holdings American International Group, the world’s biggest insurer [by capitalization], replaced CEO Martin Sullivan on June 15, after it suffered two quarters of record losses from …
