Oakland based EQECAT, a division of ABS.EQE, which specializes in catastrophe management and consulting services, was chosen to receive the “Professional Service Provider of the Year” award by The Review – Worldwide Reinsurance magazine., a leading U.K. reinsurance trade publication. …
ING Group announced that it plans to sell 120 million shares of Dutch bank and financial services company ABN Amro Holding for an estimated total of €3.3 billion ($2.83 billion) based on Monday’s closing price on the Amsterdam stock exchange …
Swiss Re posted a surprising 28 percent gain in net profits of SwFr 3.26 billion ($1.85 billion) for the 1st half of the year compared to SwFr 2.56 billion ($1.45 billion) in 1999. Although gross premiums written did rise by …
On Sept. 8, Superior National Insurance Group Inc. reached an agreement with the California Department of Insurance (CDI) and certain affiliates of the Kemper Insurance Group under which the conservation of Superior National’s insurance companies and Superior National’s reorganization efforts …
Computer Sciences Corp. has again extended a $16 per share cash offer for insurance software company Mynd – this time to Oct. 12 – while awaiting U.S. regulatory review of the $568 million deal. Computer Sciences extended the offer again …
Three states were recognized for successfully implementing all 11 technology-based initiatives in the State Regulation 2000 (SR 2000) program. The District of Columbia Department of Insurance and Securities Regulation, the Oklahoma Department of Insurance and the Tennessee Department of Commerce …
Four states were awarded second-round accreditation certificates today under the National Association of Insurance Commissioners’ Financial Regulation Standards and Accreditation Program. “We congratulate Superintendent Don Letherer (New Mexico), Commissioner Anne Pope (Tennessee), Commissioner Karen Suter (New Jersey), Commissioner Elizabeth Costle …
Progressive, the country’s fourth largest auto insurance company, will make its homeowners insurance product available to be sold by independent agents in Michigan next month. The company is a leader in collecting and using data to rate its auto policies …
Tripwire Inc. a leading U.S. provider of “integrity assessment security solutions,” headquartered in Portland, has joined with Lloyd’s HAW Syndicate “to include Tripwire software as a recommended risk management tool in the e-Comprehensive cyber insurance policy.” “e-Comprehensive is the leading …
According to reports in several newspapers, GE Capital, the financial unit of General Electric, is set to acquire Scottish Life, one of the last remaining mutual life insurance companies in Scotland for an estimated £2 billion ($2.8 billion). Following on …
