French reinsurer SCOR Group and Reinsurance Group of America (RGA) are in the race to buy Dutch insurer Aegon NV’s Transamerica Reinsurance unit, sources familiar with the matter said. The auction, which started after Aegon said in June it might …
German insurer Allianz has tapped Britain’s largest private pension fund and one that invests the pensions of Canada’s Mounties to make a joint bid for Britain’s sole high-speed railway, sources said. Final bids were due on Friday for the 186-mph …
The European Union will only sign up to a second phase of the United Nation’s climate treaty if loopholes are closed and other big economies make deeper cuts to greenhouse gases, EU leaders agreed on Friday. “The European Union stands …
Denver-based Pinnacol Assurance, Colorado’s leading workers’ compensation provider, received five communications awards at the annual Colorado Healthcare Communicators awards dinner. Pinnacol won two Gold Leaf Awards, a Silver Leaf Award and two Bronze Leaf Awards in five separate categories, including …
A former Massachusetts prison guard has pleaded not guilty to charges that he ran long-distance races while collecting worker’s compensation for an on-the-job injury he said made it impossible to do strenuous activities. John Cloutier of Freetown was released on …
Allstate Corp. on Wednesday reported that quarterly operating income fell 16 percent, missing analysts’ forecasts, as the largest publicly traded U.S. home and auto insurer lost existing customers and ramped up spending to try to attract new ones. Allstate’s chief …
Scientists want to know just how much shaking is going on in California house. The U.S. Geological Survey issued a request this week for volunteer homes in Southern California to host one of its earthquake sensors. The USGS says it …
The Nevada state Department of Motor Vehicles is notifying some motorists to check their registration status, after some insurers failed to submit required records in February. DMV spokesman Tom Jacobs downplayed the effect of the lapse. He said it stems …
The Navigators Group has established Navigators Re, a unit focused on developing specialty assumed reinsurance business. “As a global specialty insurer, there are certain product lines and geographies where a reinsurance approach is a more efficient and practical manner in …
Halliburton Co. used flawed cement in BP Plc’sdoomed Gulf of Mexico well, which could have contributed to the blowout that sparked the worst offshore oil spill in U.S. history, a White House panel said Thursday. Halliburton’s shares tumbled as much …
