Canadian insurer Sun Life Financial Inc. said Wednesday it would sell its reinsurance business to Warren Buffett’s Berkshire Hathaway after months of looking for a buyer for the profitable unit. Sun Life did not disclose sale terms for the business, …
Willis Group Holdings announced that it has secured the biggest office letting in Birmingham’s Jewellery Quarter this year at the landmark 40 St. Paul’s Place. Willis Group Chairman and CEO Joe Plumeri officiated at the opening ceremonies yesterday. Willis noted …
A deer crashed through a window at a New Jersey veterinarian’s office. Staff, clients and pets escaped without injury when the buck came through Family Pet Hospital in Mount Olive Township Tuesday. Dr. Sue Bliesath told The Daily Record of …
Zurich Financial Services Group announced key appointments within its General Insurance (GI) segment, which, it said, were “related to the ongoing review of the GI business, which is part of a Group-wide initiative to clarify accountability, focus on responsibility and …
ACE UK announced the appointment of Ruth Polyblank as UK & Ireland Marketing and Communications Manager. She will report to Richard Pryce, President of ACE UK, and will be responsible for providing strategic oversight for marketing and communications within the …
A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A (Excellent) and issuer credit rating (ICR) of “a+” of UK-based Travelers Insurance Company Limited (TICL), both with stable outlooks. TICL is expected to “maintain excellent …
A South Florida attorney says his client will get $650,000 after a dancer’s platform shoe shattered his eye socket at a strip club. Attorney Lake Lytal III said the Cheetah club’s insurance company agreed earlier this month to pay Michael …
ACE Global Markets (AGM) announced key appointments as part of a restructuring of its Marine team in London, as follows: Mike Reynolds has been promoted to Class Underwriter for the Marine Hull and Marine Liability Account. Mike was formerly Deputy …
A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A+’ (Superior) and the issuer credit rating (ICR) of “aa” of UK-based FM Insurance Company Limited (FMI), both with stable outlooks. The affirmation of the ratings …
It’s cash-rich, led by a CEO with political aspirations, and was last year’s top S&P 500 performer. Pressured by soft pricing and slow premium growth, (re)insurer XL Group is also undervalued, analysts say, and a prime target for a bidder …
