Holland’s ING Group agreed to sell Aetna Vida S.A., an Argentine life subsidiary it acquired last year as part of Aetna’s international operations, to AIG’s American Life Insurance Company for an undisclosed price. The Dutch group denied that the sale …
Old Mutual, a South African financial services company which trades on the London Stock Exchange, announced that it had agreed to purchase Fidelity and Guaranty Life Insurance Co., a Baltimore-based subsidiary of The St. Paul Companies, for $635 million in …
The American Insurance Association (AIA) is seeking major changes in regards to the New Hampshire Insurance Department’s (NHID) proposed regulation for the use of credit scoring by insurers. During a meeting of the Joint Legislative Committee on Administrative Rules, AIA …
QuickQuote.com, a life insurance website based in northern Nevada, has partnered with StockHouse.com, to provide insurance-related products and services to its financial network clients. StockHouse Media Corporation is a global provider of online content and community development products. According to …
W. R. Berkley Corporation, a holding company based in Greenwich, Conn., announced it will list its common stock on the New York Stock Exchange (NYSE) beginning May 9, 2001, under the ticker symbol “BER”. The W. R. Berkley Corp., through …
In a move to expand its product base, John Hancock Financial Services Inc. has put together a strategic partnership with Compass Bancshares Inc. to sell annuities, mutual funds and insurance, according to a Yahoo financial report. A Sunbelt-based financial holding …
Chubb Corp. reported that first-quarter operating profits increased 15 percent, mainly due to higher premiums and reduced costs for its commercial insurance. Net written premiums grew 9 percent, or 11 percent excluding the effects of currency fluctuation. U.S. premiums grew …
The Missouri House Insurance Committee recently passed a version of the insurance producer licensing bill. The bill contained compromised language exempting employees who are not engaged in sales. Ann Weber of the National Association of Independent Insurers (NAII) stated that …
CNA’s maritime division announced that it will begin a pilot program of a system that “enables OMMni.com, the automated ocean cargo insurance system, to receive instructions to issue electronic insurance certificates over the Internet for exporters participating in the pilot.” …
In line with its plans to expand its financial service activities, Swiss Re announced that it would acquire MetLIfe’s asset management subsidiary Conning Corp. for an undisclosed price. Conning specializes “in asset management for insurance company investment portfolios,” private equity …
