Following on from the Association of British Insurer’s statement that fraudulent claims within the car insurance industry are at an all time high, Swinton is warning drivers to ensure all claims made are legitimate, as even the smallest exaggeration or error will be scrutinised.
The cost of grown at its fastest rate, in large part due [...]
The recapitalization of bailed-out insurer American International Group Inc closed on Friday, leaving the government with a 92 percent stake that it plans to sell quickly.
Bankers were buzzing on Friday about how soon that might happen, with at least one saying he would not be surprised if the government picked the deal’s managers next week [...]
XL Insurance, the global insurance operations of XL Group plc (NYSE:XL – News), and Jorgensen & Company, a specialist professional liability managing general underwriter, today announced a joint underwriting agreement to provide Accountants’ and Consultants’ Professional Liability Insurance ["APL"].
According to Don Allard, Chief Underwriting Officer of XL Insurance’s Select Professional group, “XL Insurance works with [...]
Shares in American International Group (AIG) (NYSE:AIG – News) could drop this year as the U.S. government sells stock it owns in the insurer, Barron’s reported on Sunday.
The business weekly noted that AIG stock rose 40 percent in December to $58 per share. The boost came after AIG reached a deal with the government to [...]
The Allstate Corporation will conduct a conference call at 9 a.m. Eastern Time (ET) , Aug. 6, 2009 to discuss second quarter 2009 earnings. The company will issue a news release announcing results the day before on Wednesday, Aug. 5, 2009 at or after 4:05 p.m. ET. In addition, the company plans to file [...]
CS STARS LLC, the industry’s leading provider of risk management technology, announced that it has formed a strategic alliance with Gould & Lamb, a nationally acclaimed provider of Medicare Secondary Payer (MSP) compliance services and Mandatory Insurer Reporting (MIR) compliance.
Through its strategic alliance with Gould & Lamb, CS STARS now offers an end-to-end solution for [...]
PartnerRe Ltd.announced that David Zwiener has been appointed to fill a vacancy on its Board of Directors effective July 7, 2009.
Mr. Zwiener, aged 54, is an experienced insurance industry executive. Between 2000 and 2007 Mr. Zwiener was President and Chief Operating Officer of the property and casualty operations at Hartford Financial Services Group Inc. In [...]
When Joseph Brady, Superintendent of Schools for the Minersville Area School District found out one of his schools had been severely vandalized over night, he was adamant that school must reopen as soon as possible. Vandals had smashed and destroyed windows, computers, monitors, light fixtures and opened fire extinguishers. When all was said and done, [...]
PartnerRe announced that it has entered into definitive agreements to acquire PARIS RE a French-listed, Swiss-based diversified reinsurer. PartnerRe will exchange 0.30 of its common shares for each PARIS RE common share outstanding in a stock-for-stock transaction.
This acquisition is expected to add $1.7 billion in new shareholders’ equity to PartnerRe. Separately, PARIS RE is expected [...]
Despite the downturn in the economy, the multibillion dollar global insurance brokerage business held steady, for the most part, in terms of brokerage revenues in 2008. Best’s Review’s annual Top Global Insurance Broker ranking reports Aon Corp. as the No. 1 global broker with $6.2 billion in brokerage revenues. No. 2 is Marsh Inc. with [...]
