Insurance and financial services organization Starr Companies has named Jeffrey Hayman as the new president of its international insurance operations. In his new role, Hayman will oversee the overall growth, profitability, distribution, ...
Tags: Starr Companies, Jeffrey Hayman, president, insurance
Banco BTG Pactual has received approval from the Brazilian insurance and reinsurance regulator, SUSEP, to establish an insurance operation in the country. The company, earlier this year, planned to invest $24m to launch a new insurance ...
Tags: BTG Pactual, approval, Insurance Operation, Brazil
If you don't know, you need a better connection to your company's risk managers, who measure risk by what can be insured and what it costs to do so. While the measurement of operational risks is still a bit of a puzzle for CSOs, risk ...
Tags: TCOR, CSOs, risk managers, total cost of risk
Oneida Financial, a unit of Oneida Savings Bank, has signed an agreement to acquire New York-based McMahon, Fenaroli and White insurance agency. Oneida Financial provides insurance and risk management service activities through Bailey & ...
Dutch insurer ING has inked an agreement with Pacific Century Group (PCG) to dispose of its underwriting business units in Hong Kong, Macau and Thailand for a combined consideration of $2.14bn (€1.64bn) in cash. Its insurance ...
Tags: ING, PCG, underwriting business
Germany based insurer Allianz is likely to merge its two operations in Belgium (including Luxembourg) and Netherlands, in a bid to boost its footprint in the Benelux region. The integrated entity will be named as Allianz Benelux and ...
International insurance brokerage Arthur J Gallagher & Co has purchased Michigan based Charter Lakes Marine Insurance Agency, in a bid to boost its marine insurance operations in the region. Terms and conditions of the deal have not been ...
Tags: Charter Lakes Marine Insurance Agency, marine insurance, insurance, deal
The Netherlands based underwriter Aegon will purchase Ukraine based insurer Fidem Life, further boosting its capabilities in the developing Central and Eastern European market. Aegon has been trading in the region since 1992 and presently ...
Property and casualty insurer ACE has inked a definitive agreement to purchase Fianzas Monterrey in Mexico from New York Life Insurance Company for nearly $285m in cash. Commenting on the deal, ACE chairman & chief executive officer Evan ...
Tags: property insurer, casualty insurer, ACE, life insurance, health insurance
Mitchell, a Property & Casualty (P&C) claims and Collision Repair industries solution provider has selected Greg Gaughan as the vice president and general manager of Mitchell NHQ Negotiation Services division. Recently, Mitchell bought ...
Tags: Mitchell, property&casualty claims, Greg Gaughan, vice president
Myanmar has finally opened its insurance sector for private underwriters to set up their insurance operations in Myanmar, which was officially closed for them since 1963, after nationalization of 78 foreign insurance companies previously ...
Tags: Myanmar, Private Insurance, nationalization
American International Group (AIG) has reported 27% rise in net income attributable to AIG, which was $2.3bn for the second quarter of 2012, compared to $1.8bn during the same period last fiscal. For the latest quarter period, the ...
Tags: American International Group, net income, operating income
Switzerland based life insurer Zurich Insurance has unveiled a wide range of comprehensive travel insurance products which the company claims to be ideal to meet the specific needs of UAE residents. The suite of policies includes four ...
Tags: life insurer, Zurich Insurance, travel insurance products, insurer
Bermuda-based reinsurance specialist Validus Holdings has appointed Mahmoud Abdallah to its board of directors with immediate effect, expanding the board to ten members. Validus chairman and chief executive officer Ed Noonan said: ...
Tags: reinsurance specialist, Validus Holdings, Mahmoud Abdallah
US based diversified conglomerate Berkshire Hathaway has agreed to acquire Spain based Caixabank's life insurance operation, VidaCaixa, in a deal valued at EUR600m. The seller will get EUR524m pretax gain following the completion of ...
Tags: Berkshire Hathaway, acquire, life insurance, Spain, insurance operations