The UK’s Royal & Sun Alliance Insurance Group has signed an agreement to acquire 50 percent of GD II – Global Direct Insurance Investments B.V. (GDI), a joint venture with Direct Insurance Financial Investments Ltd. (DIFI), “to access the fast …
Cadence, Strategic Independent Agents Alliance Cadence Insurance Services of Colorado Springs, Colo., became a member of the Strategic Independent Agents Alliance, a network of independent insurance agencies. Cadence Insurance Services joined the ICA Agency Alliance Master Agency network in Colorado …
The ACE European Group has opened two new offices in Budapest, Hungary and Prague, Czech Republic, as part of its expansion plan for Central and Eastern Europe. Peter Dudas will head ACE’s Hungarian operation as General Manager for the country. …
The UK’s Aviva Group announced that its Polish operation, Commercial Union Poland, will enter the country’s direct motor insurance market. Aviva noted that the “burgeoning growth in car ownership and the population’s rapidly rising levels of disposable income,” has created …
Germany’s Allianz, which has been steadily expanding its activities in Eastern Europe, is now realizing strong results from its ventures. Revenues from Central and Eastern Europe in the first quarter of 2007 reached €1.06 billion ($1.435 billion), compared to €838 …
Italy’s Generali Group has concluded an agreement with PPF Group N.V., an international financial group, headquartered in Amsterdam, Netherlands, which is 95 percent controlled by Petr Kellner, a Czech entrepreneur with a strong track record of success. PPF Group in …
Testifying before the United States Senate Committee on Commerce, Science and Transportation on April 11, Arkansas Insurance Commissioner Julie Benafield Bowman, told lawmakers that insurance regulators have the dual responsibility of ensuring the solvency of insurance companies, and making sure …
Testifying before the United States Senate Committee on Commerce, Science and Transportation on April 11, Arkansas Insurance Commissioner Julie Benafield Bowman, told lawmakers that insurance regulators have the dual responsibility of ensuring the solvency of insurance companies, and making sure …
Arkansas Insurance Commissioner Julie Benafield Bowman testified before the United States Senate Committee on Commerce, Science and Transportation on April 11 on the overall state of the property/casualty insurance market and its regulatory landscape. Speaking in support of state-based insurance …
The Board of the Bermuda-based Catlin Group Limited has proposed the appointment of Kenneth Goldstein and Alton F. Irby III as Independent Non-Executive Directors of the Company. The appointments are subject to approval by shareholders at the Company’s Annual General …
