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AIG / Nan Shan (at FT.com)
Prudential, the UK insurer, is seeking approvals from regulators in 15 markets for its mighty $35.5bn acquisition of the bulk of AIG's Asian assets. Primus Financial Holdings and China Strategic Holdings, both Hong Kong-based investment groups, need a nod from just one - Taiwan's.
us.rd.yahoo.com 2010-03-11
AIG's Taiwan sale hit by regulator scrutiny (at FT.com)
The attempted $2.2bn purchase of AIG's Taiwan insurance unit by a Hong Kong consortium is facing intense scrutiny amid lingering concerns among regulators that the buyers are backed by Chinese funds.
us.rd.yahoo.com 2010-03-11
Evolution of Life Insurance Industry to Accelerate, Says LOMA Survey
ATLANTA, March 9 /PRNewswire/ -- The long-term outlook for the life insurance industry is for a faster pace of change, particularly in the use of technology. That was the conclusion of a survey of top industry executives by LOMA. The executives were asked for their opinions on what the indust
prnewswire.com 2010-03-10
NASP Leadership Speaks at PLRB/LIRB Claims Conference
PITTSBURGH, March 9 /PRNewswire-USNewswire/ -- Jeff Baill, founder of the National Association of Subrogation Professionals (NASP); John Foster, President; Leslie Wiernik, Executive Director; and Kenneth Levine, President Elect, have been invited to speak at this year's PLRB/LIRB Claims Conference,
prnewswire.com 2010-03-10
MassMutual Sees Continued Momentum in the Nonprofit Market
SPRINGFIELD, Mass., March 9 /PRNewswire/ -- MassMutual's Retirement Services Division has been selected by the Thames Valley Council for Community Action, Inc. (TVCCA) as the new provider for the organization's $5.2 million 401(a) and $4.4 million 403(b) retirement plans. TVCCA, based in southeaste
prnewswire.com 2010-03-10
Securian Paper Offers Target Date Fund Guidance for Plan Sponsors
ST. PAUL, Minn., March 10 /PRNewswire/ -- When target date funds were introduced in the mid-2000s, they seemed to offer employers a good choice for employees looking to simplify their investment option selection. Target date funds quickly became popular and are expected to swell to $2.6 trillion by
prnewswire.com 2010-03-10
Sapiens Reports Strong Q4 Net Profit in 2009; Non GAAP 2009 Annual Operating Profit of $6.53 Million
CARY, North Carolina, March 10, 2010 /PRNewswire-FirstCall/ -- - Q4/2009 Revenues Increased 7% Compared to Q4 2008 to $11.77 Million - Q4/2009 Non-GAAP Net Income of $1.87 Million - Non-GAAP Annual Operating Profit Almost Doubled to $6.53 MillionCompared to $3.38 Million in 2008
prnewswire.com 2010-03-10
Beware of Getting Caught in the Crossfire, Warns MediCare International
LONDON, March 10, 2010 /PRNewswire/ -- - War and Reconstruction Zones now Popular Destinations for SpecialistExpatriate Workers - Effective International Healthcare Insurance Essential in Such Areas - Medicare International one of the few Insurers to Offer This Cover As troo
prnewswire.com 2010-03-10
Mucho Gusto Miami! - How's $0.99/Gallon Gas for an Ice Breaker?
MIAMI, March 10 /PRNewswire-FirstCall/ -- Infinity Auto Insurance announces a special promotion offering discounted gas to Miami drivers. The event takes place today between 11:00 a.m. – 2:00 p.m. at the Mobil Gas Station, located at S.W. 137th Avenue and S.W. 56th Street, where dri
prnewswire.com 2010-03-10
New Version of ModelRisk(TM) Released
GHENT, Belgium, March 10 /PRNewswire/ -- Vose Software BVBA, developer of leading-edge risk analysis software, announces the release of the third version of their software. Their founder, David Vose, said: "We have had a tremendous response to the launch of ModelRisk. Our customers have really appre
prnewswire.com 2010-03-10
An Occasional Review of Auto Insurance Policies May Lower Premiums
LOS ANGELES, March 10 /PRNewswire/ -- The average motorist has the tendency of purchasing an auto insurance policy and continues paying premiums without reviewing whether the current coverage listed is still beneficial or if the rate being paid for protection is still competitive; OnlineAutoInsuranc
prnewswire.com 2010-03-10
Accident Fund Names Lisa Riddle Vice President of Claims and Medical Operations
LANSING, Mich., March 10 /PRNewswire/ -- Accident Fund Insurance Company of America is proud to announce Lisa Riddle as the new vice president of Claims and Medical Operations. (Photo: http://www.newscom.com/cgi-bin/prnh/20100310/DE67732 )(Logo: http://www.newscom.com/cgi-bin/prnh/2007
prnewswire.com 2010-03-10
AIG devises new formula for employee bonuses: report (Reuters)
American International Group Inc has formulated a new "forced ranking" system to determine bonuses and rate employee performance, Wall Street Journal said, citing people familiar with the matter.
us.rd.yahoo.com 2010-03-10
Mucho Gusto Miami! - How's $0.99/Gallon Gas for an Ice Breaker? (PR Newswire)
Infinity Auto Insurance announces a special promotion offering discounted gas to Miami drivers. The event takes place today between 11:00 a.m. – 2:00 p.m. at the Mobil Gas Station, located at S.W. 137th Avenue and S.W. 56th Street, where drivers will pay just $0.99/gallon courtesy of Infinity Insurance.
us.rd.yahoo.com 2010-03-10
Endurance Specialty Holdings Ltd. to Release First Quarter 2010 Financial Results on Tuesday, May 4, 2010 (GlobeNewswire)
PEMBROKE, Bermuda -- Endurance Specialty Holdings Ltd. a Bermuda-based provider of property and casualty insurance and reinsurance, today announced that it will issue its financial results for the quarter ended March 31, 2010 on Tuesday, May 4, 2010 after the close of the financial markets.
us.rd.yahoo.com 2010-03-10
Munich Re CEO: Buffett stake backs our strategy (Reuters)
Munich Re sees star investor Warren Buffett's stake in the reinsurer as evidence that he backs its long-term strategy aimed at creating stability, Munich Re's chief executive said on Wednesday.
us.rd.yahoo.com 2010-03-10
MarketWatch First Take: Swap reform's time has come (at MarketWatch)
Obscured from the public view through their complex structures, regulators are finally shedding much needed light on credit swaps, those financial instruments that allow investors to bet against underlying securities such as mortgages or sovereign debt.
us.rd.yahoo.com 2010-03-10
JCR Capital Holds First Closing of Commercial Real Estate Opportunity Fund (PR Newswire)
JCR Capital, a Denver-based commercial real estate finance company, announced today its first closing of the JCR Capital Distressed & Opportunistic Real Estate Fund I, LP .
us.rd.yahoo.com 2010-03-10
Greek Crisis Averted! (at Minyanville.com)
World peace breaks out.
us.rd.yahoo.com 2010-03-10
Kroll for sale (at FT.com)
For proof that humans are inherently optimistic in the face of the facts, look no further than their peculiar desire to acquire professional services firms. Marsh & McLennan is another example of how such deals destroy value.
us.rd.yahoo.com 2010-03-10
Former chief investment officer pleads guilty in Cuomo’s pension fund probe
The former chief investment officer of New York state’s pension system pleaded guilty on Wednesday to charges he participated in a pay-to-play kickback scheme.
bizjournals.com 2010-03-10
Amerigroup Corporation To Present at the Barclays Capital 2010 Global Health Care Conference on March 23
VIRGINIA BEACH, Va., March 8, 2010 /PRNewswire-FirstCall/ -- Amerigroup Corporation (NYSE: AGP) today announced that it will participate in the Barclays Capital 2010 Global Health Care Conference on March 23, 2010 in Miami, Florida.A live webcast of the company's presentation, which begins Tuesday,
prnewswire.com 2010-03-09
WPS Health Insurance Announces Fixed-Rate Individual Health Insurance Plan for Wisconsinites Ages 60-64
MADISON, Wis., March 8 /PRNewswire/ -- WPS Health Insurance today announced WPS Bridge65, a new individual health plan for people ages 60 to 64 who want the security of a fixed monthly premium. The WPS Bridge65 monthly rate can be "locked" for up to five years, offering peace of mind to anyone conce
prnewswire.com 2010-03-09
K&L Gates, Steptoe & Johnson Attorneys Chairing Asbestos Insurance Conference, HB Announces
PHILADELPHIA, March 8 /PRNewswire/ -- Philip Hecht of K&L Gates and Harry Lee of Steptoe & Johnson will chair the "Asbestos Insurance Litigation Conference" at The Hub Cira Centre at 30th Street Station in Philadelphia on April 21, 2010, Tom Hagy, CEO of HB Litigation Conferences, announced
prnewswire.com 2010-03-09
Professional Insurance Agents to Hold 2010 Federal Legislative Summit March 17-18
Summit of Professional Insurance Agents Brings Main Street to Capitol HillWASHINGTON, March 8 /PRNewswire-USNewswire/ -- Members of the National Association of Professional Insurance Agents will bring Main Street to Capitol Hill when they convene March 17-18 in Washington, D.C. for their 2010 PIA F
prnewswire.com 2010-03-09
Chairmen Selected for Chinese Drywall Insurance Program
PHILADELPHIA, March 8 /PRNewswire/ -- Insurance disputes continue to mount over who ultimately will pay the cost of any damage or injury from the use of Chinese drywall, according to Tom Hagy, CEO of HB Litigation Conferences. Hagy pointed to the January lawsuit filed in New Orleans by 700 hom
prnewswire.com 2010-03-09
100 Millionth Licensing Transaction Processed Through NIPR Gateway
KANSAS CITY, Mo., March 9 /PRNewswire/ -- The National Insurance Producer Registry (NIPR) recently processed its 100 millionth licensing transaction through its Gateway tool, the communication network that electronically links state insurance departments with the entities they regulate.“Hitti
prnewswire.com 2010-03-09
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AIMS Benefit Solutions Expands and Strengthens Life, Annuity, and Disability Offerings Through MedLink Alliance
MONTGOMERY, Ala., March 9 /PRNewswire/ -- AIMS Benefit Solutions (http://aimsbenefits.com) has joined forces with MedLink, a national insurance broker, in order to better support annuity, life, health, and disability insurance agents through specialized staff and technology.AIMS Benefit Solutions h
prnewswire.com 2010-03-09
Scotland Rugby Star Launches Kwik Fit Insurance Charity of the Year 2010
GLASGOW, Scotland, March 9 /PRNewswire/ -- Glasgow Warriors and Scotland international rugby star Johnnie Beattie took time out from training for the crucial upcoming Six Nations test against England to help launch the Kwik Fit Insurance Charity of the Year 2010.Kwik Fit Insurance, one of the
prnewswire.com 2010-03-09
OnBase Helps Kansas City Life Insurance Company Get Nod as a 2010 Celent Model Insurer
CLEVELAND, March 9 /PRNewswire/ -- For insurers, it's one thing to find the right technology. Using it strategically to make a difference across the organization is quite another. Kansas City Life Insurance Company was able to make this happen when it identified a need for enterprise content managem
prnewswire.com 2010-03-09
Only One State Passed Legislation in 2009 Requiring Insurers to Cover Costs of Colon Cancer Screening
Many States Putting Critical Lifesaving Legislation on Hold While Waiting for Congress to Act on Health Care ReformWASHINGTON, March 9 /PRNewswire-USNewswire/ -- Progress towards nationwide, state-mandated coverage of colon cancer screening according to accepted medical guidelines has slowed to a c
prnewswire.com 2010-03-09
FM Global's 175-Year Legacy of Common Purpose Cited in New Leadership Book
JOHNSTON, R.I., March 9 /PRNewswire/ -- A just-released book, Common Purpose: How Great Leaders Get Organizations to Achieve the Extraordinary, written by noted leadership expert and author Joel Kurtzman sheds new light on the meaning of leadership and the qualities of leaders. Among the real-world
prnewswire.com 2010-03-09
FirstBest Sponsors Insurance Webcast Hosted by AM Best
BEDFORD, Mass., March 9 /PRNewswire/ -- FirstBest® Systems, Inc., provider of insurance software solutions that help Property & Casualty insurance carriers write more business and write better business, will sponsor an AM Best webcast titled "Underwriting Process and Disciplines for Stronge
prnewswire.com 2010-03-09
Lincoln Financial Group Enhances Hybrid Variable Universal Life Product
PHILADELPHIA, March 9 /PRNewswire-FirstCall/ -- The Individual Life segment of Lincoln National Corporation (NYSE: LNC) today announced the enhancement of its variable life insurance line with the launch of Lincoln VULONE *(2010), a hybrid product that combines the no-lapse benefits of a universal l
prnewswire.com 2010-03-09
Friends of the Israel Defense Forces (FIDF) Invite Haitian Community Leaders to the 2010 FIDF Solidarity Dinner on March 11th 2010
MIAMI, March 9 /PRNewswire/ -- Within 15 hours of the devastating earthquake in Haiti, Israel delegated a powerful relief mission, comprised of rescue teams from the IDF Home Front Command, Medical personnel from the IDF Medical Corps. Security team, C4I personnel, and more.The FIDF initiates and s
prnewswire.com 2010-03-09
Global Contractual Liability Product Established to Address Force Majeure and Additional Existing Gaps
CHICAGO, March 9 /PRNewswire-FirstCall/ -- In response to a marked increase in global demand to address contractual liabilities not otherwise covered by existing insurance options, Aon Construction Services Group has secured an offering for up to $100 million in limits to address contractual liabili
prnewswire.com 2010-03-09
Four Crawford & Company Executives Gain CIOP Designation
ATLANTA, March 9 /PRNewswire-FirstCall/ -- Four executives from Crawford & Company (NYSE: CRDA; CRDB), the world's largest independent provider of claims management solutions, recently attained the designation of Chartered Insurance Operations Professional (CIOP), awarded by the CIOP Institute a
prnewswire.com 2010-03-09
Stewart Specialty Insurance Services Names New Division President (Business Wire)
HOUSTON----Stewart Specialty Insurance Services , a wholly owned subsidiary of Stewart Title Company, has announced the appointment of Tom Carpentier to the position of Division President.
us.rd.yahoo.com 2010-03-09
L'Occitane wooed by HK's rich potential (at FT.com)
Hong Kong 1, Paris 0. Perhaps a tad harsh but the proposed initial public offering of L'Occitane, an upmarket French cosmetics retailer, is a coup for the Chinese city.
us.rd.yahoo.com 2010-03-09
Nasdaq rises on upgrades, market barely budges (Reuters)
Technology shares pushed the Nasdaq higher on Monday on an otherwise flat day for stocks, led by BlackBerry maker Research in Motion and Cisco Systems.
us.rd.yahoo.com 2010-03-09
PartnerRe Ltd. Provides Initial Estimate of Expected Claims from the Chile Earthquake and European Windstorm Xynthia (Business Wire)
PEMBROKE, Bermuda----PartnerRe Ltd. today provided its initial estimates of expected claims relating to the recent earthquake in Chile and European Windstorm Xynthia.
us.rd.yahoo.com 2010-03-09
AIG's Value Becomes Moving Target (TheStreet.com)
The value of AIG has always been difficult to determine, but that's true even more so now that the insurer is selling two foreign subsidiaries.
us.rd.yahoo.com 2010-03-09
EMC Insurance Group Inc. Declares 113th Consecutive Quarterly Dividend (Business Wire)
DES MOINES, Iowa----On March 8, 2010, the Board of Directors of EMC Insurance Group Inc. declared a quarterly dividend of eighteen cents per share of common stock payable March 25, 2010 to shareholders of record as of March 18, 2010.
us.rd.yahoo.com 2010-03-09
21st Century Holding Company Announces Earnings Release Date (GlobeNewswire)
LAUDERDALE LAKES, Fla. -- 21st Century Holding Company today announced that it will release its 2009 year end financial results at 2:00 PM on Tuesday, March 23, 2010, followed by an investor conference call at 4:30 PM .
us.rd.yahoo.com 2010-03-09
Fujitsu shows resignation by euphemism has risks (at FT.com)
How many healthy people resign "for health reasons"? How many politicians really want to spend more time with their family? Resignation by euphemism is a global tradition but the extraordinary case at Japan's Fujitsu - where ex-president Kuniaki Nozoe is demanding his job back because he did not really quit for the health reasons announced - shows that it has risks.
us.rd.yahoo.com 2010-03-09
Transatlantic Holdings, Inc. CEO to Present at the 2010 Citi Financial Services Conference (Business Wire)
NEW YORK----Transatlantic Holdings, Inc. today announced that Robert F. Orlich, President and Chief Executive Officer, will be presenting at the 2010 Citi Financial Services Conference which is being held at the Waldorf-Astoria in New York, New York on Thursday, March 11, 2010, at 2:00 p.m.
us.rd.yahoo.com 2010-03-09
Indications: Stock futures edge lower on anniversary of rebound (at MarketWatch)
U.S. equity futures edge lower on Tuesday, as caution dominates sentiment on the one-year anniversary of the beginning of the stock market's rebound from its lows last year.
us.rd.yahoo.com 2010-03-09
Marsh Webcast March 10: New Rules Take Aim at Risk Governance (Business Wire)
NEW YORK----Enterprise risk management and other sophisticated risk practices are gaining momentum as businesses throughout the U.S. strive to comply with new regulations that call for a more comprehensive understanding and disclosure of their risks.
us.rd.yahoo.com 2010-03-09
Global Contractual Liability Product Established to Address Force Majeure and Additional Existing Gaps (PR Newswire)
In response to a marked increase in global demand to address contractual liabilities not otherwise covered by existing insurance options, Aon Construction Services Group has secured an offering for up to $100 million in limits to address contractual liabilities such as force majeure events, liquidated damages and performance coverage.
us.rd.yahoo.com 2010-03-09
Transportation Self-Insured Group Reports Strong Performance
LAS VEGAS, March 8 /PRNewswire/ -- The Preferred Transportation Self-Insured Group (PTSIG), a Nevada Workers' Compensation program, today reported a decline in work injury claims costs of 71% since 2005. The steep drop in costs will allow the group to consider a return of surplus to employer m
prnewswire.com 2010-03-08
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