MBA Insurance Agency of Arizona Inc. and Brown & Brown of Kentucky Inc., a subsidiary of Brown & Brown Inc., have entered into an agreement for the acquisition by Brown & Brown of substantially all of the assets of MBA. …
The Federal Reserve Board on Monday approved a proposal to curb its emergency lending powers, a change demanded by Congress after the central bank’s controversial decision to aid AIG, Citigroup and others in 2008. The rule, unanimously approved by the …
General Motors Co. and its law firm need not turn over privileged documents to drivers hoping to show that the automaker intended to commit a crime or fraud by concealing defective ignition switches in their vehicles, a Manhattan federal judge …
Eight Lloyd’s syndicates are joining forces to develop new solutions to help developing economies tackle underinsurance and improve their resilience against the economic impact of natural catastrophes. Emerging economies across Latin America, Africa, and Asia currently contribute 40 percent to …
Brazil’s federal and state governments plan to sue the owners of the Samarco iron ore miner for 20 billion reais ($5.24 billion) in damages caused by the burst of a tailings dam, Environment Minister Izabella Teixeira told reporters on Friday …
Delta Lloyd NV plans to raise as much as 1 billion euros ($1.06 billion) in a rights offer as the Dutch insurer seeks to improve its capital to meet new regulatory standards. The shares dropped. “We realize this is a …
NN Group NV, the Dutch insurer and asset manager spun out of ING Groep NV, is ready to expand and will consider acquisitions amid speculation that it could seek to acquire Delta Lloyd NV. Delta Lloyd’s shares soared. “If we …
A.M. Best has assigned a financial strength rating of A (Excellent) and an issuer credit rating of “a+” to Sompo Japan Canopius Reinsurance AG, a wholly owned subsidiary of Canopius Group AG. The outlook assigned to both ratings is stable. …
ACE Group announced the appointment of Julian Hudson as head of Trade Credit, ACE Global Markets, effective immediately. In his new role, Hudson will be responsible for the development and profitable growth of ACE’s global trade credit business, the company …
Zurich Insurance Group Plc said it will stop writing general insurance business in the Middle East at the end of month because of the “limited potential” for profitable growth. The decision to exit general insurance in the region follows a …
