According to a new Conning & Company study, while the overall U.S. job market has cooled considerably over the last year, the demand for qualified insurance claims professionals has never been higher. In fact, the dearth of experienced claims professionals …
According to Reuters Securities, J.P. Morgan Chase announced on July 9 that it had started coverage of insurance broker Willis Group Holdings Ltd., the world’s No. 3 insurance broker, with a long-term buy rating. It was also reported that in …
Kemper Insurance Companies announced a strategic alliance with UnumProvident Corporation and Gallagher Bassett Services Inc. that will offer employers an alternative for meeting their Integrated Disability Management (IDM) needs. Through the combined efforts of these industry leaders, the companies will …
Fitch downgraded the insurer financial strength rating (FSR) of Continental Casualty Company Pool (CCC Pool) from “AA-” to “A+.” The related Rating Outlook remains Negative. The CCC Pool is Chicago-based CNA Financial Corporation’s (CNA) largest property/casualty operation, and maintains a …
Royal & Sun Alliance picked up another piece of the U.K. ‘s Independent Insurance, when it reached a deal with the failed insurer’s liquidators PricewaterhouseCoopers to pay £3 million ($4.2 million) for its loss adjusting business. The deal will save …
Zurich North America’s Emerging Markets Group announced that it has issued a political risk policy on $600 million worth of bonds issued by a subsidiary of Petrobas, Brazil’s state-owned oil company. The policy on the ten-year bonds, protects investors against …
Friends Provident ended its 169 years as a mutual insurer with a successful public offering on the London Stock Exchange which raised an estimated £3.8 billion ($5.3 billion). The newly investor owned company’s shares were priced at 225 pence ($3.15), …
Allenbrook Inc. of Lowell, Mass. announced the appointment of four new members to its senior management team. The company, which provides automation and consulting services to the property/casualty insurance industry, recently merged with VIC Corp. and several former VIC managers …
American International Group has decided to delay a major building project in Wilmington following its acquisition of American General. Company spokesmen said that the original plan to build twin office towers for up to 3,500 employees, needed to be reviewed, …
Lancaster District Court Judge John A. Colborn entered an order for the liquidation of Amwest Surety Insurance Company, a Nebraska-domiciled insurer based in Calabasas, Calif. The order was entered June 7 after Nebraska Director of Insurance, L. Tim Wagner, found …
