PartnerRe, a provider of reinsurance services, has appointed Egbert Willam to its Board of Directors to serve on it’s Audit and Nominating and Governance Committees, effective from 01 June 2012. Willam, who is the founder and ...
Tags: PartnerRe, reinsurance service, reinsurance, insurance, insurance product
Williamsville-based Stahlka Agency has acquired Western New York practice of Historic Square Insurance Agency and following the acquisition, Stahlka's existing Orchard Park office will be merged with Historic Square's office in Orchard ...
Tags: Stahlka Agency, acquisition, merge, Historic Square, insurance
UK Financial Services Authority (FSA) has penalized Sun Life Assurance Company of Canada (UK) (SLOC UK) 600,000 pounds for poor management of its 1.2bn pounds with-profits business. The market watchdog claimed that the design and ...
Tags: FSA, Sun Life Assurance, life insurance, insurance product
XL Group has named Eileen Whelley as executive vice president, chief human resources officer for the firm, who will replace Elizabeth L Reeves, after her retirement. Whelley will take charge from 18 June 2012, and report to XL chief ...
Tags: XL Group, Eileen Whelley, executive vice president, leadership team
Cabela's Incorporated reported strong financial results for third quarter fiscal 2012. For the quarter, total revenue increased 9.2% to $741.2 million; Retail store revenue increased 15.8% to $456.0 million; Direct revenue decreased 6.7% ...
Tags: Cabela's, financial results, third quarter, revenue
CBIZ has acquired the assets of Georgia-based specialty property and casualty brokerage firm Trinity Risk Advisors, effective from 1 September 2012. Upon the completion, the agency will add five employees and approximately $1m to CBIZ ...
Tags: CBIZ, Georgia, casualty, specialty property, insurance
US personal lines insurer Allstate has named Sanjay Gupta as the company’s executive vice president and chief marketing officer, effective from 1 September 2012. The insurer has assigned Gupta to concentrate on marketing and ...
Tags: Allstate, Sanjay Gupta, executive vice president, marketing officer
Prudential Insurance has struck a deal with General Motors, which will allow Prudential to assume certain salaried retiree benefit obligations as part of GM’s plan to reduce pension obligations by nearly $26bn. The agreement is ...
Tags: Prudential Insurance, General Motors, retiree benefit, insurance
New Jersey-based Prudential Financial has reported first-quarter net loss for its financial services business at $988m or $2.09 per share, compared to net income of $539m or $1.10 per share during the same period in 2011. Financial ...
Tags: Prudential Financial, financial service, net income, quarter 1, finance
US based professional business service company CBIZ has purchased the employee benefit division of Leavitt Pacific Insurance Brokers (LPIB), of Campbell, California, effective from 1 November 2012. On completion of the transaction, the ...
Tags: CBIZ, LPIB, purchase, acquisition, insurance
MetLife has appointed John Hele as its new executive vice president and chief financial officer, effective from 04 September 2012. Hele, who holds more than 30 years of broad financial services and insurance industry experience, will ...
Tags: MetLife, John Hele, executive vice president, insurance
The Hartford has reported net income of $401m, or $0.83 per diluted share, for the third quarter of 2012, against $60m, or $0.11 per diluted share, during the same period earlier year. Its core earnings grew to $378m, or $0.78 per diluted ...
Tags: Hartford, net income, third quarter, insurance, wealth management
Presidential Life and Athene have inked a definitive agreement for an Athene subsidiary to acquire Presidential Life for $14 per share in cash, in lieu of an aggregate purchase price of nearly $415m. In pursuant of the terms of the merger ...
Tags: Presidential Life and Athene, Presidential Life, acquisition
According to the market research report"Global Smart Glass market 2012-2017,by technology(Thermochromics,Liquid Crystal(LC),Suspended Particle ...
The Massachusetts Mutual Life Insurance Company (MassMutual) has appointed Peter Hoopis, CLU, ChFC, CLF to lead its newly launched general agency, Hoopis Financial Group in Deerfield, Illinois, US. MassMutual's senior vice president of ...
Tags: Massachusetts Mutual Life Insurance, Peter Hoopis, life insurance