Rivals are circling Royal Bank of Scotland’s insurance arm as a bid deadline approaches, but aside from Zurich Financial Services, few may have the desire and firepower to buy Britain’s largest motor insurer. RBS Insurance was put on the block …
At an Extraordinary General Meeting held yesterday, May 21, the membership of Lloyd’s approved a resolution to consent to the proposals to amend the Lloyd’s Act of 1982 by means of a Legislative Reform Order. The proposals are as described …
Bermuda-based PartnerRe Ltd. has announced that it intends to issue, through its indirectly wholly-owned subsidiary PartnerRe Finance A LLC, $250 million of 10-year fixed rate 6.875 percent Senior Notes, pursuant to its currently effective shelf registration statement. PartnerRe Ltd. will …
The UK’s Co-operative Insurance has launched an ecologically friendly exposition, dubbed the “Sexy Green Car Show at the Eden Project in Cornwall. The Show is now in its second year with more vehicles on display. They will be “testing their …
Bermuda-based AXIS Capital Holdings Limited announced that AXIS Specialty Europe Limited, one of its European operating subsidiaries, has been authorized by the Australian Prudential Regulation Authority (APRA) to operate as a branch insurer to underwrite general insurance business in Australia. …
CNinsure Inc., China’s major independent insurance agency and broker, announced that its Board of Directors has appointed Mr. Yongwei Ma, the former chairman of the China Insurance Regulatory Commission (CIRC), as an independent director. He will replace Paul Wolansky, who …
Negotiations for a global trade deal are likely to reach a breakthrough in June before being concluded before the end of the year, the head of the World Trade Organization said in an interview published on Friday. “I would say …
A police officer who was injured while on vacation while he was training for a physical fitness test is entitled to workers’ compensation benefits, the California Court of Appeal recently ruled. According to Tomlin v. Workers’ Compensation Appeals Board, Dave …
The Federal Bureau of Investigation pursued 529 financial crime cases in its most recent fiscal year, including 209 insurance fraud cases. During it fiscal year 2007, the 209 insurance fraud cases investigated by the FBI resulted in 39 indictments and …
Tennessee experienced a moderation in average workers’ compensation costs per claim among 14 study states, after two consecutive years of rapid cost growth and in the wake of reforms enacted in 2004, according to a Workers Compensation Research Institute study. …
