The chief executive of a company allegedly selling fraudulent health insurance says he is fully cooperating with the Illinois Department of Insurance to resolve the matter. Donald Chew, president and CEO of ReAssurance Health, says he has turned over all …
Indian financial services firm Reliance Capital is in talks with potential partners to sell up to 26 percent in its general insurance business though a deal may be at least six months away, its chief executive told reporters late on …
UK motor [auto] insurance premiums “have continued to rise in 2011, with some drivers facing price increases of up to 50 percent,” according to findings of the annual UK Motor Market Review by Willis Re. It also noted a significant …
AXA SA and Assicurazioni Generali SpA are among bidders shortlisted for HSBC Holdings Plc’s planned sale of its general insurance business, sources familiar with the matter told Reuters. HSBC, Europe’s biggest bank, launched the sale in September in a deal …
A new sigma report, “Product innovation in non-life insurance,” from Swiss Re underscores the conclusion that there’s “much more to innovation in non-life insurance than people think.” In effect the report stresses that, “although a changing environment continuously forces the …
Reliance Industries has mutually agreed to end negotiations with Bharti Enterprises to buy its stakes in two insurance joint ventures with France’s AXA, the two Indian companies said on Friday. Reliance said the negotiations to acquire Bharti’s 74 percent stakes …
The United States criticized China on Monday for failing to fulfill World Trade Organization commitments to open its financial services market, while the European Union and Japan pressed for answers on specific areas of Beijing’s regulations. “While we welcome China’s …
Nearly all of the proposed questions for Massachusetts’ 2012 state ballot have been given preliminary approval. Attorney General Martha Coakley certified Wednesday 23 of the 31 initiative petitions filed with her office last month, allowing them to move on to …
As flooding from Hurricane Irene caused heavy damage in New Jersey, federal officials report almost 230,000 property owners in the state have flood insurance. Flooding is not covered by homeowners insurance but by special flood policies purchased through the Federal …
