Massachusetts Commissioner of Insurance Nonnie S. Burnes has approved the acquisition of Commerce Insurance Co., principal subsidiary of The Commerce Group of Webster, Mass., by the Spanish insurance company Mapfre, S.A. The approval will allow Mapfre, one of the largest …
Dresdner Bank stayed in the red in the first quarter after writing down €845 million ($1.3 billion) on structured finance investments, keeping it in the spotlight as parent Allianz works to split it in two. Dresdner posted a quarterly operating …
BB&T Insurance Services, Union Bank of California Raleigh, N.C.-based BB&T Insurance Services reached an agreement with Union Bank of California North America to purchase its San Diego-based insurance subsidiary, UnionBanc Insurance Services Inc. The acquisition would expand BB&T’s insurance operation …
The destruction of the orange sedan with its slapdash paintwork may have been intentional but it was far from wanton. It was all part of Volvo’s bid to create an injury-proof car by 2020. While that vehicle of the future …
Willis Group Holdings Ltd. reported a drop in net income for the first quarter, but said revenues from commissions and fees grew. Net income for the third largest insurance broker was $166 million, or $1.16 a share, down from $169 …
Zurich Financial Services Group announced that it has signed agreements to acquire a 50 percent stake in Spain’s Caixa d’Estalvis de Sabadell’s life and general insurance companies, CaixaSabadell Vida, S.A. de Seguros y Reaseguros (CSV), founded in 1988, and CaixaSabadell …
Royal Bank of Scotland’s insurance arm offers a once-in-a-lifetime opportunity for buyers to scoop up a key share of the UK market just as it begins to show signs of recovery, and suitors are already eyeing the unit. Financial pressures …
Confident bosses turn deaf ear to new ideas when they are feeling the power of their position, new research suggests Powerful people have confidence in what they are thinking. Whether their thoughts are positive or negative toward an idea, that …
Confident bosses turn deaf ear to new ideas when they are feeling the power of their position, new research suggests Powerful people have confidence in what they are thinking. Whether their thoughts are positive or negative toward an idea, that …
Half a century after the launch of the notorious morning sickness pill thalidomide, its surviving victims are demanding €4 billion ($6.3 billion) in compensation from the German government and the drug’s maker. A newly formed group, the International Contergan Thalidomide …
