Cancelling London Olympics Would Cost over $4.9 Billion: Munich Re July 16, 2012 Cancelling the London Olympics due, for example, to a security threat would result in damages of more than €4 billion...
Best Affirms SCHWARZMEER UND OSTSEE (SOVAG) Ratings; Outlook Stable July 16, 2012 A.M. Best Europe Rating Services Limited has affirmed the financial strength rating (FSR) of ‘B++’ (Good) and the issuer credit...
Bid Deadline Nears for ING’s Asia Insurance Business July 16, 2012 By Clare Baldwin and Denny Thomas A wide range of suitors, from the son of Asia’s richest man and a former rugby player in New Zealand...
EU under Pressure to Delay Solvency II Insurer Capital Rules July 16, 2012 By Myles Neligan The European Union may be forced to put back the January 2014 start date for its Solvency II capital regime...
UK Auto Insurer Direct Line in Play as Private Equity Groups Circle July 16, 2012 By Greg Roumeliotis and Neil Maidment Direct Line, the UK’s largest motor [auto] insurer run by government-owned Royal Bank of Scotland, is a takeover target for...
Willis Obtains Commercial Lines Intermediary License from Guernsey July 16, 2012 Willis Group Holdings announced that it has been issued a full commercial lines license to conduct insurance intermediary services in...
Bondurant Rejoins Independent Insurance Agents of Texas July 16, 2012 After a hiatus of nearly two years, Rick Bondurant has rejoined the Independent Insurance Agents of Texas (IIAT) staff as...
Health Care on Agenda When Michigan Lawmakers Return July 16, 2012 By Kathy Barks Hoffman Michigan Gov. Rick Snyder and his fellow Republicans could find themselves knee-deep in health care issues soon when lawmakers briefly...
USG Adds Reilly in Workers’ Compensation Division July 16, 2012 USG Insurance Services Inc., a national wholesaler and MGA, has expanded its Allied American Underwriters operations in Benton, Ark., and...
Indiana Town May Require Proof of Insurance for Special-Event Dances July 16, 2012 Terre Haute, Ind., officials are considering new regulations on dances organized by event promoters, saying they are worried about violent...