Federal securities regulators have sued a brokerage industry backed fund on behalf of victims who lost money in Allen Stanford’s alleged $7 billion Ponzi scheme and have yet to recover any funds. The U.S. Securities and Exchange Commission asked a …
Advocate Reinsurance Partners LLC, a privately owned reinsurance intermediary firm headquartered in Dallas, has added Cory Anderson as a partner. Anderson has worked in the reinsurance sector for more than a decade. He was most recently with Aon Benfield in …
As few as 12 different Chinese groups, largely backed or directed by the government there, do the bulk of the China-based cyberattacks stealing critical data from U.S. companies and government agencies, according to U.S. cybersecurity analysts and experts. The aggressive, …
Texas-based Frost Insurance announced it will acquire Stone Partners Inc., a human resource consulting firm that specializes in compensation, benefits and outsourcing services, effective Jan. 1, 2012. Stone Partners will operate as a division of Frost Insurance. Originally established as …
The insurance industry is likely to see more robust mergers-and-acquisitions activities in 2012, according to a New York investment and research firm. In 2011, the M&A deal volume started off relatively slowly, followed by a notable pick up in the …
With inadequate pricing levels for commercial lines, low interest rates and severe catastrophe losses, it’s high time insurers focus on underwriting discipline, said a veteran insurance executive. Mario Vitale, co-chief executive officer of Aspen Insurance, said more and more insurers …
The broker/specialty markets division at Church Mutual Insurance Co. has expanded opportunities for brokers and agents with experience in the senior living market. Specifically, the insurer is looking to add producers in Connecticut, Maine, Massachusetts, New Hampshire, New York, North …
Primerica Inc. said Citigroup had begun a public offering of its remaining stake in the life insurer, a little over a year after the company was spun-off from the bank through a public listing. Primerica, which went public in 2010 …
Newly disclosed records show U.S. Labor Department officials stopped independent investigators from questioning how federal regulators handled methane leaks from the floor of the Upper Big Branch mine several times before last year’s disaster. In April 2010, 29 men died …
Even though China gets most of the headlines, there’s been slow, but steady, progress for private insurers in Asia’s other billion plus people country – India. Although its rate of growth has slowed recently, mirroring the slowdown in the global …
