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12, 2015
Towers Watson Shareholders ‘Should Reject’ New Willis Deal, Says Proxy Adviser
Towers Watson & Co. shareholders should vote against an $8.9 billion merger with Willis Group Holdings Plc even after the insurance broker increased the offer amid a backlash from investors, proxy adviser Glass Lewis & Co. said in a report. The transaction remains …
7
12, 2015
New Credit Card Chips Shift Liability to Retailers
On Oct. 1, 2015, many of the insurance industry’s clients took on a lot more risk, and may not even know it. The Payment Card Industry, PCI, which is the self-regulating organization that oversees everyone that accepts or issues payment …
4
12, 2015
UBS Hedge Fund to Manage Money for Bermuda Reinsurer Launched by Enstar
UBS O’Connor LLC, the $6 billion hedge-fund unit within Switzerland’s biggest bank, will manage money for a new Bermuda-based reinsurance company formed by insurer Enstar Group Ltd. Aligned Re Ltd. is expected to be funded by third-party capital along with investments from …
7
12, 2015
Southern California Spill Spewing Gases of a Half-Million Cars
Call it the invisible spill. You can’t see it, but it’s there – a steady stream of natural gas seeping out of the pipe casing in a well in Southern California that may spew as much greenhouse gas into the …
4
12, 2015
AXA to Pay Higher Dividends as Result of ‘Robust’ Capital Levels
AXA SA, France’s largest insurer, will pay higher dividends to shareholders because of its “robust” capital levels under solvency rules which are coming into effect in January. AXA plans dividend payouts of 45 percent to 55 percent of its adjusted earnings, …
7
12, 2015
Signature Select Expands into Texas with New Hires in Austin, Dallas
Signature Select LLC announced it has expanded into Texas by establishing a presence in Austin and Dallas. In Dallas, Shelly Floyd and Cliff Layfield have been hired for the Dallas operation and Patrick Datz was added as a producer in …
4
12, 2015
ECB Decision to Extend Quantitative Easing Hits European Insurers’ Shares
Shares of European insurers fell after the European Central Bank decided to extend its quantitative easing program until at least March 2017 and broaden the range of assets purchased. The decision is “disappointing” because bond purchases by the ECB will …
7
12, 2015
Horton Group Adds Fortuna as Sales, Development Director
The Horton Group, an insurance, employee benefits and risk advisory firm based in Chicago, has hired Jay Fortuna as director of Sales Training and Development. Prior to joining the Horton Group, Fortuna worked at Hub Insurance, where served as the …
4
12, 2015
Germany’s Talanx Strengthens Bancassurance Presence in Italy
The Talanx Group, headquartered in Hannover, Germany, is strengthening its bancassurance business in Italy by acquiring the insurance companies belonging to the Italian banking group Gruppo Banca Sella. Via its Italian subsidiary HDI Assicurazioni SpA, Talanx is taking over 100 …
7
12, 2015
Risk Strategies Acquires Minnesota-Based Re-Solutions Intermediaries
Risk Strategies Co., a privately held, national insurance brokerage and risk management firm, has acquired Re-Solutions Intermediaries LLC, a reinsurance specialist focused on assisting healthcare organizations around the world manage risk. Headquartered in Minneapolis and founded by President Tony Plampton, …