news insurances
NY AG announces probe of life insurance industry
State Attorney General Andrew Cuomo said Thursday that he had opened a fraud investigation into how life insurers pay out benefits after policyholders die.
He...
Appoinment : Joe Mazzenga Joins Aon Consulting
Aon Consulting, the global benefits and human capital consulting business of Aon Corporation (NYSE: AON), today announced that Joe Mazzenga has joined the firm...
Appointment: Sterling Insurance promotes James Guthrie to associate director
Sterling Insurance Company has promoted James Guthrie, Senior Development Manager, to Associate Director responsible for Broker Development.
Reporting to David Sweeney, Director – Personal and...
Aon Risk Solutions strengthens its operations in Ecuador
Aon Risk Solutions Ecuador S.A., a subsidiary of Aon Corporation (NYSE: AON) in Ecuador, and Seguros Kolosos have signed a definitive agreement by which...
Brit Insurance says Apollo sweetens approach
Brit Insurance said Apollo Management had raised its takeover bid to 10.75 pounds a share, valuing it at about 852 million pounds ($1.32 billion)...
Comarch Insurance Claims praised by Celent
The Comarch Insurance Claims solution fully complies with Celent’s requirements as far as business functionality, technical architecture and the number of references are concerned....
G. Thompson Hutton to retire from XL Insurance Group board of directors
XL Insurance Group announced today that Mr. G. Thompson Hutton has decided to leave the board of directors to start a new business focused...
United Kingdom: Rise in fraudulent insurance claims
Insurers uncovered a record £840 million worth of fraudulent claims in 2009, figures have shown.
A total of 122,000 insurance claims were rejected by the...
Maiden Holdings announces agreement to acquire GMAC International Insurance Services
Maiden Holdings, Ltd today announced that it has entered into a definitive agreement to acquire the majority of the reinsurance-related infrastructure, assets and liabilities...
Judge declares Spain’s Marsans insolvent
Viajes Marsans, one of Spain's biggest and oldest tour operators, has been declared insolvent, according to a court ruling seen by AFP on Monday.
The...
Tropical Storm Risk launches breakthrough hurricane tracking product
Tropical Storm Risk (TSR) Business, which provides real-time mapping and prediction of tropical cyclone windfields worldwide and is co-sponsored by Aon Benfield, has launched...
FDIC approves Washington Mutual settlement
The Federal Deposit Insurance Corporation (FDIC) has approved a global settlement of the bankruptcy case involving Washington Mutual Inc, one of the largest US...
MMA signs up to SIRA in fight against fraud
MMA, the broker-only general insurer, has announced today that the company has signed up to the SIRA system (Syndicated Intelligence for Risk Avoidance), joining...
Standard & Poor’s lowers Axa rating to AA- from AA
Standard & Poor's Rating Services said today that it has lowered its long-term counterparty credit ratings and insurer financial strength ratings on the core...
MMA to accelerate Commercial Lines development
Broker insurer MMA Insurance confirmed on March 25th details of the next stage of its drive into the UK’s commercial lines insurance market, building...
Standard & Poor’s warns Britain of possible rating downgrade
Britain's credit rating could be lowered if a new government fails to cut massive public debt, Standard & Poor's warned on Monday as rival...
Mediobanca chief to head up Italian insurer Generali
Cesare Geronzi, head of investment bank Mediobanca, will be named chairman of Italian insurer Generali, a person familiar with the matter told AFP Friday.
Geronzi...
GB’s young drivers outperform European, Axa said
Insurer Axa announced today that britains young drivers are more dangerous than other Europeans counterparts, in a overhaul study.
An international research study from Axa...
AT&T sets 1 billion dollars aside for health reform costs
US communications giant AT&T said on Friday it took a one billion dollar charge in the first quarter of 2010 to cover changes in...
Australian storm to cost $75 million to insurer IAG
Insurance Australia Group Limited (IAG) today confirmed that, as at the close of business on 25 March 2010, it had received in excess of...
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