BB&T Insurance Services, Union Bank of California Raleigh, N.C.-based BB&T Insurance Services reached an agreement with Union Bank of California North America to purchase its San Diego-based insurance subsidiary, UnionBanc Insurance Services Inc. The acquisition would expand BB&T’s insurance operation …
ACE, Aon ACE Limited has completed its acquisition of 100 percent of the outstanding shares of Combined Insurance Co. of America and certain of its subsidiaries from Aon Corp. for $2.56 billion in cash. The closing price exceeded the $2.4 …
$45 Billion The rate of obesity in the United States has doubled in the last 30 years, and those extra pounds weigh on companies’ bottom lines, according to a new report from The Conference Board. Today, 34 percent of American …
ACE, Aon ACE Limited has completed its acquisition of 100 percent of the outstanding shares of Combined Insurance Co. of America and certain of its subsidiaries from Aon Corp. for $2.56 billion in cash. The closing price exceeded the $2.4 …
$225 Texas Attorney General Greg Abbott has charged a Houston company with selling fake driver’s licenses to immigrants. The fraudulent licenses were marketed as “International Driver’s Licenses” and sold for $225 each. Harris County District Judge Grant Dorfman granted the …
Zurich North America Commercial (NAC) said it will reduce approximately 400 positions or four percent of the staff that support its business division, primarily in non-market-facing roles. Mike Foley, CEO of NAC, said the positions eliminated “were primarily non-market-facing roles …
Zurich Financial Services Group announced that it has elevated Axel P. Lehmann, a 48 year-ol Swiss national, to the post of Chief Risk Officer and to the Group Executive Committee effective January 1, 2008. In addition Zurich said that as …
Loveland, Ohio-based Indiana Insurance, a member of the Liberty Mutual Group, announced that Michael D. Connell has been appointed president and CEO. Connell’s appointment coincides with the retirement of Richard T. Bell, president and CEO for the past seven years. …
Zurich has named Mike Foley as chief operating officer (COO) for Zurich North America Commercial, to take effect on Sept. 1, 2006. Foley will be responsible for all operating matters related to Zurich North America Commercial’s businesses and functions, including …
Connecticut-based W.R. Berkley Corp. announced it will enter the excess medical malpractice market with the formation of Berkley Medical Excess Underwriters, LLC., based in St. Louis, Missouri, which will underwrite on behalf of various W. R. Berkley insurance subsidiaries. “Berkley …
