Archive for January, 2009

Former USI CEO Eslick Named Chairman of New Marsh Retail Agency

Marsh has named David L. Eslick as chairman of Marsh & McLennan Agency LLC, its new agency for small and emerging growth U.S. companies. Eslick, who has 30 years of experience in the insurance …   RSS news feeds and Widgets on Feedzilla.com

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HL Financial eyes tie-ups for insurance arm (Business Times (Malaysia))

HONG Leong Financial Group Bhd (HLFG) is exploring strategic partnerships and alliances that could help its insurance arm, Hong Leong Assurance Bhd, to expand.

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AIG sells Canadian life insurance unit for $305M (CNN Money)

BMO agrees to purchase the struggling insurer’s Canadian life insurance business for $305 million.

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Washington Offers Insurance Advice for Winter Storm Victims (Insurance Journal)

Washington Insurance Commissioner Mike Kreidler is advising consumers to assess their property damage after the latest winter storm and take steps to mitigate any further damage. “When it’s …

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Washington Offers Insurance Advice for Winter Storm Victims

Washington Insurance Commissioner Mike Kreidler is advising consumers to assess their property damage after the latest winter storm and take steps to mitigate any further damage. ”When it’s …   RSS widgets and RSS feeds on Feedzilla.com

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BMO buying AIG’s Canada life-insurance arm for $308 million (Market Watch)

American International Group Inc. agrees to sell off a Canadian life-insurance unit for $308 million, a small step toward the giant insurer’s goal of repaying tens of billions of dollars in government loans.

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Colorado Casualty Introduces Workers’ Compensation to Product Line

Englewood, Colo.-based Colorado Casualty, a Liberty Mutual Agency Markets regional company, announced that it is adding workers’ compensation coverage to its commercial insurance product line. …   News widgets and RSS feeds on Feedzilla.com

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Insurance firm bucks the downturn (BBC News)

Lanarkshire based Kwik-fit insurance reports its best December in more than a decade despite the downturn.

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Mandelson wary on supply insurance (Financial Times)

Lord Mandelson has warned of a “real problem” meeting business demands for a state guarantee to underpin insurance for supply chains, signalling that the government may decide not to act in this area.

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R-ADAG in talks to sell a stake in insurance distribution biz to UK co (The Economic Times)

Reliance ADAG is in talks to sell a minority stake in its insurance distribution business to the UK-based insurance broking firm THB for Rs 250-300 crore.

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