In the biggest insurance industry merger ever, Prudential Plc, Britain’s largest life insurer, has agreed on merger plans with Houston-based American General Corp. The combination would create the world’s sixth largest insurance group with combined capital of over $45 billion, …
W.K. Cooper & Co. International Insurance Brokers Inc. has opened a new office in Irvine, Calif. The Irvine office will be servicing existing and new brokers, especially in Orange, San Diego and Imperial counties. The Inland Empire will also be …
Fremont General Corp. reported on Thursday a much larger fourth-quarter loss that originally expected as the Santa Monica, Calif.-based company took a large charge to continue scaling back its workers compensation insurance operation. Pre-tax charges total $267.8 million, including $198.0 …
Arthur J. Gallagher & Co. Has completed three acquisitions; MDM Insurance Associates, Inc. of Los Angeles, California; SKANCO International, Ltd. of Scottsdale, Arizona; and Madison Scott & Associates, Inc. of Amarillo and Houston, Texas. Terms of the transactions were not …
Glenn Pomeroy, the former commissioner of insurance of North Dakota and former president of the National Association of Insurance Commissioners, has been named associate general counsel for regulatory affairs at Employers Reinsurance Corp., a GE Company headquartered in Overland Park, …
The St. Paul Cos. has announced that Paul J. Liska, executive vice president and chief financial officer, has resigned, effective April 1. Meanwhile, the company also announced that it has agreed to sell more than 1.72 million shares of RenaissanceRe …
Wells Fargo & Co. and ACO Brokerage Holdings Corp. have signed a definitive agreement for Wells Fargo to purchase ACO, parent company of Acordia, Inc., one of the nation’s largest independent property-and-casualty insurance agencies. With over $400 million in annual …
Amwest Insurance Group has agreed with its reinsurers to provide multi-year quota share reinsurance covering all inforce surety bonds at Dec. 31, 2000, and for prospective surety business. The agreement is subject to approval by the Nebraska Department of Insurance. …
Gov. Mike Johanns has signed an insurance producer licensing bill incorporating all the provisions of the National Association of Insurance Commissioners model regulation. “We tried to amend LB 51 to include a specific exemption for customer service representatives,” said National …
Seguros Caracas, the Venezuelan unit of U.S. insurance firm Liberty Mutual, has purchased local rival Seguros Panamerican for $56 million Thursday, creating the largest insurance company in the country. Seguros Caracas bought a 99.8 percent stake in Panamerican from Chilean …
