Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
CIGNA to Sell Portions of its U.S. Life Reinsurance Operations
Jun 2 2000 // Under the terms of the transaction, CIGNA will receive cash consideration amounting to approximately $170 million. An estimated after-tax gain of $75 million will be recognized over the remaining life of the reinsured...
AIG Realigns Property/Casualty Operations
Jun 1 2000 // American International Group has realigned its property/casualty insurance operations in order to serve the needs of U.S.-based companies with international operations more effectively and efficiently. The North American...
Zurich U.S., The Hartford Forge Strategic Agribusiness Alliance
Jun 1 2000 // Zurich U.S. and The Hartford Financial Services Group have formed a strategic relationship to co-market their agribusiness products in a program designed to take advantage of each company’s unique strengths. Under...
Industry Heads Hail PNTR Vote
May 25 2000 // The House vote on Wednesday in favor of Permanent Normal Trade Relations (PNTR) with China was widely praised by insurance industry leaders and the heads of companies in other sectors affected by the new trade terms, which...
ING To Launch Internet Life Sales in U.S.
May 25 2000 // Following its agreement to acquire ReliaStar, Holland’s financial services giant, ING, has announced plans to launch an Internet site in the U.S. to sell life insurance products on-line. ING has already set up ING...
Royal & SunAlliance U.S. Nonstandard Auto Expanding Internet Site
May 23 2000 // The personal insurance division of Royal & SunAlliance USA has successfully launched Orion AutoLink, its web-based agency interface for nonstandard auto insurance products, in 23 states where those products, marketed...
Zurich U.S. Covers Turkish Political Risk
May 23 2000 // Zurich U.S., the American subsidiary of Anglo-Swiss multinational insurer Zurich Financial Services, announced that it has placed a political risk policy in Turkey, covering $20 million worth of private placement...
Spain’s Terra To Merge With Lycos
May 17 2000 // Spain’s Internet service provider, Terra Networks, announced that merger talks with U.S. Lycos had been successfully concluded and that the two companies were set to merge. Terra, the Internet subsidiary of...
American Re Announces $58.9 Million 1st Quarter Loss
May 15 2000 // American Re Corp., the U.S. subsidiary of Munich Re, announced a 1st quarter loss of $58.9 million, compared with profits of $57 million for the same period last year. “The result for the first quarter of 2000...
EU/China To Hold New Talks on WTO Membership
May 15 2000 // Following the failure to reach an agreement last March between the European Community and China over membership in the World Trade Organization, both sides continued to characterize the existing gaps between their...
E-Commerce initiative Work to Steadily Transfirm the Industry
May 15 2000 // Insurers have been inundated by a flood of e-commerce initiatives and cataclysmic scenarios about the transformation which technology is set to bestow (or impose) on the industry. The reality becomes clearer every day....
International Commmentary
May 15 2000 // China, PNTR and WTOÐPart II What is the Chinese Market? The Western world has long had an ongoing fascination with China’s enormous population-1.2 billion and counting. Corporate leaders fantasize that, if only 10...
British CGU to Sell U.S. Business By Year-End
May 11 2000 // British insurance group CGU expects to sell its U.S. insurance business to one of about 10 potential buyers by year’s end. The company will continue accepting offers of interest through May, narrowing the number that...
ING/ReliaStar Acquisition – Further Details, Possible Delay
May 2 2000 // ING’s acquisition of life insurer ReliaStar has caused some immediate comments and reactions. Connecticut officials, reiterating their position taken when ING made a bid for Aetna, stated that unpaid Holocaust...
ABD Jumps From Fifth to Third Largest D&O Broker in Annual Survey
May 2 2000 // ABD Insurance and Financial Services now ranks as the third largest U.S. broker of D&O liability insurance, according to the 1999 Annual Tillinghast-Towers Perrin Survey. As one of the nation’s premier D&O...
ING Confirms Acquisition of ReliaStar For $6.1 Billion
May 1 2000 // Confirming rumors that started last Thursday, ING, the Dutch financial services group, announced today that it had entered into an agreement to acquire Minneapolis-based ReliaStar, the 8th largest publicly held life...
PERSONAL WATERCRAFT, Expanding the appeal of recreational boat coverage
May 1 2000 // Both the marine industry and the insurance industry have witnessed a surge in recreational boating, from mega-yachts to personal water-craft (PWC), over the past few years. According to U.S. Coast Guard estimates, there...
On the Road: Insuring RVs
May 1 2000 // It’s not just your grandparents heading down the road in a Winnebago these days. As the population of RV owners grows, so does the market and the profit margins for insurers. In the 1950s, those silver, bullet-shaped...
International Commmentary
May 1 2000 // China, PNTR and WTOÐRealism and Caution The current phase of American trade and foreign policy towards China, which began with the recognition of the Communist regime by the Nixon administration in 1972, will reach...
ING In Talks With Reliastar
Apr 30 2000 // On Friday Minneapolis-based life Insurer ReliaStar confirmed that it was holding talks preliminary to a possible acquisition of the company, but declined to give further details. It was widely reported, however, that...
