W. R. Berkley has appointed Michael Connor as president of Continental Western Group, a provider of commercial insurance services. Connor succeeds Bradley Kuster, who will oversee other activities within the WRB group of companies. ...
Tags: Continental Western Group, commercial insurance, insurance service
Global property and casualty insurer ACE has inked a definitive agreement with Ally Financial to acquire ABA Seguros in Mexico for nearly $865m in a cash transaction. Commenting on the deal, ACE chairman and chief executive officer Evan ...
Tags: ACE, Ally Financial, ABA Seguros, acquisition
American International Group has agreed to pay over $300m to settle dispute with states over death benefits payments which remained unclaimed. California State Controller's office spokesman Jacob Roper said that the underwriter will ...
Tags: AIG, dispute, benefits payment, death benefits
US insurer American International Group (AIG) has launched a sale proceed in Hong Kong to offload $2bn worth of ordinary shares of AIA by placing it to certain institutional investors. The fund raised by the sale of the proposed shares ...
Tags: AIG, ordinary share, insurance company, insurance
US-based Affirmative Insurance Services has selected Mitchell International as the new provider of auto physical damage claims processing services to its customers. As part of the multi-year agreement, the insurance company will deploy ...
Tags: Mitchell International, auto physical damage, auto insurance, insurance
US commercial automobile insurer Atlas Financial Holdings has signed a definitive agreement to acquire Camelot Services, and its lone insurance subsidiary, Gateway Insurance, for nearly $23m. As per the terms of the deal, the purchaser ...
Tags: Financial, Insurance, automobile insurer, insurance subsidiary
ACE USA, the US retail operating division of the ACE Group, has named Caroline Clouser as the executive vice president, medical risk & life sciences, with an aim to boost its market share in the US underwriting sector. Clouser will manage ...
Tags: ACE USA, Caroline Clouser, executive vice president, medical risk
US-based commercial insurer CNA Financial has reported a net income of $166m, or $0.62 diluted earnings per share, for the second quarter of 2012, compared to $124m, or $0.46 diluted earnings per share, for the same period in 2011. For ...
Tags: CNA Financial, commercial insurer, insurer, Net operating income
US insurer American International Group (AIG) has launched an enhanced general liability program to provide coverage for construction clients facing Occupational Safety and Health Administration (OSHA) investigations. Dubbed OSHA Assist, ...
Tags: OSHA Assist, insurer, Occupational Safety, Health Administration
ACE USA, the US retail operating division of the ACE Group, has named Caroline Clouser as the executive vice president, medical risk & life sciences, with an aim to boost its market share in the US underwriting sector. Clouser will manage ...
Tags: medical risk, life sciences, market share, Life Sciences division
US-based commercial insurer CNA Financial has reported a net income of $250m, or $0.93 earnings per share, for the first quarter of 2012, compared to $220m, or $0.82 earnings per share, for the same period in 2011. For the first quarter ...
Tags: CNA Financial, net income, Net operating income, commercial insurer
Allied World Assurance Company has selected Iain MacLeod as senior vice president, Asia-Pacific, to manage distribution management and regional business development for all direct and facultative lines, including casualty, environmental, ...
Tags: Allied World Assurance Company, MacLeod, distribution management
Aviva, a UK multinational insurance company has warned that it will slash approximately 800 jobs in its UK operation, as part of its austerity measure to reduce the cost substantially and bring the life insurer on the track. The ...
Tags: multinational insurance company, insurance company, life insurer
Italy based underwriter Generali is planning to dispose of its non-strategic assets in 2013, to boost its overseas operations and expand into China and the rest of Asia, Eastern Europe and Latin America, and other emerging market. ...
Tags: non-strategic assets, Generali, insurer
Dutch insurer Aegon has reported that its net profit for the first quarter of 2012 stood at €521m, with an increase of 59%, compared to a net profit of €327m during the same period a year ago. The underwriter said that its net ...
Tags: Aegon reports, net profit, insurer Aegon