As many as 150 million people in the world’s major cities could be reliant on flood defenses by 2070 – more than three times the 40 million people today – as a result of climate change and urban development. This …
Jean-Paul Rignault, chief executive of AXA Corporate Solutions, called for premium rates to be stabilized if insurers are to achieve adequate pricing and the current soft market cycle, now taking hold, is to flatten out. He spoke at the close …
Whatever the final outcome, this year’s race for Mississippi insurance commissioner will result in a new face in office after an unprecedented 32-year run by current officeholder, George Dale. In the primary elections in August, Mike Chaney, Republican candidate, trounced …
Endurance Specialty, ARMTech Endurance Specialty Holdings Ltd., a Bermuda-based provider of property and casualty insurance and reinsurance, reported that one of its U.S. based holding companies is buying out ARMtech Insurance Services Inc. and its affiliates. ARMtech is the fifth …
Whatever the final outcome, this year’s race for Mississippi insurance commissioner will result in a new face in office after an unprecedented 32-year run by current officeholder, George Dale. In the primary elections in August, Mike Chaney, Republican candidate, trounced …
HRH, Bank of America Insurance broker Hilb Rogal & Hobbs Co. has agreed to purchase Banc of America Corporate Insurance Agency, L.L.C., a segment of Bank of America, N.A., and a middle market insurance intermediary in the northeastern United States. …
HSBC, one of the largest international banks, has entered into an agreement to acquire a 10 percent stake in Vietnam’s leading insurance and financial services group, Vietnam Insurance Corporation (Bao Viet), for VND4,121 billion (approximately $255 million). HSBC will be …
France’s AXA Group announced that it has reached an agreement to establish a strategic partnership in the Vietnamese insurance market with Bao Minh Insurance Corporation, the second largest player in the Vietnamese non-life insurance market with a 21 percent market …
Federal Insurance Company (Labuan), a wholly owned subsidiary of the U.S. Chubb Corporation, has entered into an agreement to offer specialty liability insurance with Bao Minh, the second-largest insurance company in Vietnam. “The partnership, which reflects Bao Minh’s mission to …
A Pennsylvania Superior Court judge collected insurance money after claiming a car accident made him unable to exercise or play golf, but then played golf, went inline skating and received his pilot’s license, federal prosecutors said Wednesday. Judge Michael Thomas …
