Regulators around the globe are toughening up insurance requirements for companies doing business outside their domiciled countries, and the companies worldwide are demonstrating a greater willingness to focus on regulatory compliance.
American International Group's embattled chairman and chief executive officer, Edward M. Liddy, will step down as soon as replacements can be found, with the two leadership positions to be filled by separate individuals, the company announced last week.
As the "year of the contagion" sparks a higher level of inquiries about specialty insurance products designed to cover the business side effects of flu pandemics, well-informed agents can seize an opportunity, according to a specialty broker.
After qualifying for $3.4 billion in U.S. bailout cash last week from the federal government's Troubled Asset Relief Program, The Hartford said it will not be selling its property-casualty, group benefits or life insurance businesses.
Now that Ed Liddy has decided to quit his thankless job as a lightening rod for everyone seeking someone to blame in the AIG government bailout debacle, ...
Atlanta-based insurance technology provider Ebix Inc. said it has acquired Facts Services Inc., headquartered in Coral Gables, Fla., in a transaction involving an upfront cash payment of $6.5 million.
Zurich-based ACE Limited has announced that Brian Dowd, chief executive officer, Insurance-North America, has been named to the additional position of vice chairman for ACE Limited and ACE Group Holdings.