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28
07, 2015
ACE Names North America Management Team for New Chubb
ACE Limited, which announced plans to acquire Chubb for $28 billion earlier this month, has designated a post-merger leadership team for the North American Insurance operations of the combined company. The North America leadership team for the company to be …
The article ACE Names North America Management Team for New Chubb appeared first on Insurance Journal.
28
07, 2015
Lloyd’s Supports Natural Catastrophe Resilience Plan across Asia
As he prepared to sign a Statement of Intent (SOI) between the British Government, the Monetary Authority of Singapore and Lloyd’s in Singapore, UK Prime Minister David Cameron stressed that insurance is essential to “safeguard economic success.” A bulletin from …
The article Lloyd’s Supports Natural Catastrophe Resilience Plan across Asia appeared first on Insurance Journal.
28
07, 2015
Toys ‘R’ Us Facing Credit Insurance Woes As It Restructures
Insurance companies are cutting back on their coverage of Toys “R” Us Inc. suppliers, bringing another headache to a retailer that has suffered more than two years of losses, people familiar with the matter said. Coface SA and Euler Hermes …
The article Toys ‘R’ Us Facing Credit Insurance Woes As It Restructures appeared first on Insurance Journal.
28
07, 2015
Hospitals, Drugmakers Could Follow Health Insurer Mergers
Anthem Inc’s decision to buy Cigna Corp., forming the largest U.S. health insurer by membership, will likely speed consolidation across the healthcare industry, from hospitals to drugmakers. Anthem announced its proposed $54 billion purchase of Cigna on Friday, just weeks …
The article Hospitals, Drugmakers Could Follow Health Insurer Mergers appeared first on Insurance Journal.
28
07, 2015
Zurich Insurance Considering Bid for UK’s RSA
Cash-rich Zurich Insurance is weighing a bid for British rival RSA Insurance Group which could top $8 billion and be the latest industry tie-up amid toughening regulations. The impending launch of new European rules governing how much money insurers must …
The article Zurich Insurance Considering Bid for UK’s RSA appeared first on Insurance Journal.
28
07, 2015
India PM Modi Plans Expansion of Farmer Insurance before India State Elections
Indian Prime Minister Narendra Modi is planning to give farmers comprehensive insurance coverage as he looks to win state elections in largely rural areas. The government will start the new insurance program in the winter crop running from October to …
The article India PM Modi Plans Expansion of Farmer Insurance before India State Elections appeared first on Insurance Journal.
27
07, 2015
Damage to Homes May Lead to Required Soil Tests in South Dakota
Rapid City, S.D., officials are considering requiring homebuilders to test soil conditions at building sites after homeowners complained of severe damage caused by expansive soils. The Rapid City Journal reports the proposed change would require a home be designed to …
The article Damage to Homes May Lead to Required Soil Tests in South Dakota appeared first on Insurance Journal.
28
07, 2015
ACE Names Chubb’s Krump Exec. VP – Global Underwriting & Claims
ACE Limited announced that Paul Krump, currently President of Personal Lines and Claims for Chubb, will serve as Executive Vice President for Global Underwriting and Claims for the parent company, effective “upon the completion of the acquisition of Chubb, which is …
The article ACE Names Chubb’s Krump Exec. VP – Global Underwriting & Claims appeared first on Insurance Journal.
27
07, 2015
NAIA Hires Sherwood as Director of Marketing & Communications in Maine
North American Insurance Alliance (NAIA), an agency alliance based in Rangeley, Maine, hired Rebecca Sherwood as director of marketing and communications. For the past seven and a half years, Sherwood was employed with Travelers Insurance Company as a senior sales …
The article NAIA Hires Sherwood as Director of Marketing & Communications in Maine appeared first on Insurance Journal.
28
07, 2015
PartnerRe Investors Should Vote Against Merger with AXIS: Glass Lewis
PartnerRe Ltd. investors should vote against a planned merger with rival reinsurer AXIS Capital Holdings Ltd., proxy adviser Glass Lewis & Co. said in a recommendation that’s a victory for hostile bidder EXOR SpA. “The liquidity, certainty and immediate premium of …
The article PartnerRe Investors Should Vote Against Merger with AXIS: Glass Lewis appeared first on Insurance Journal.