The Allstate Corp. said it will cut approximately 3,800 jobs in claims, sales, service and support functions as part of its continuing plan to grow its property/casualty market share. The layoffs will affect about eight percent of the insurer’s 45,780 …
The Hanover Insurance Group, Inc. has launched Hanover Prestige – a high-value personal lines market for home, auto and condominiums. Hanover Prestige offers insurance protection, high-quality care and service, along with flexibility and choice for customers with broader asset protection …
ACE’s $28.3 billion purchase of Chubb will create a major disruption in the luxury insurance market. When the integration of the two insurers is complete, the new company is anticipated to control approximately $6 billion of annual premiums on personal …
The personal lines insurance sector maintains a stable outlook in the face of a highly competitive environment, 2011 catastrophe losses and sluggish economic conditions, according to a report from Moody’s Investors Service. “Going forward,” said Assistant Vice President Enrico Leo, …
