Taiwan’s insurance regulator plans to launch another public bidding round for Kuo Hua Life Insurance Co. Ltd. after potential acquirer Taiwan Financial Holdings Co. Ltd. ended discussions on the insolvent life insurer. Taiwan Financial had intended to acquire Kuo Hua, which was the first life insurer taken over by the regulator in Taiwan, but Taiwan…
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A.M. Best Co. has assigned a financial strength rating of A and an issuer credit rating of“ a” to Starr International Insurance Pte. Ltd., a wholly owned subsidiary of Starr Insurance& Reinsurance Limited and an indirect wholly owned subsidiary of Starr International Company, Inc., a private investment holding company. The outlook assigned to both ratings is…
Some of the top global insurance brokers, including Willis, Jardine Lloyd Thompson and Aon, have been active making acquisitions and forming partnerships in Europe. London- based broker Jardine Lloyd Thompson Group plc recently said it would combine its retail brokering unit in Spain with the country’s fourth-largest commercial insurance broker to form a…
This year GEICO is proving that point by sponsoring D.C.’s Funniest Fed competition, a standup comedy contest for federal employees in the D.C. area…
The new division will offer products including: representations and warranties insurance, loss portfolio transfers, loss mitigation insurance/litigation buy-outs, tax opinion liability, and specific contingency insurance…
The Washington state Health Care Authority has declined Columbia United Providers’ appeal to continue serving 47,000 Clark County Medicaid patients…
Highmark is preparing the first network with Verizon that will allow hospitals and doctors across Pennsylvania to easily share the electronic medical records of millions of people…
U.S. life insurers are increasingly tapping into pension risk-transfers to help companies manage mounting financial obligations to retirees and future retirees in their defined-benefit pension plans…
The Guardian announced that Michael Martocci has joined the Group Benefits management team as 2nd VP, Worksite Markets…
Feb. 21– Union workers at an eyeglasses plant owned by Highmark Inc. have returned to work following a four-week strike. Members of the United Optical Workers union Local 81408, who work in Newtown Square in suburban Philadelphia, agreed to a new contract with Davis Vision, a for-profit subsidiary of health insurer Highmark. During the strike, work from Davis…
Feb. 21– Future Cardinal Newman students could some day enjoy a lake view in a bucolic setting, a stark contrast to the urban setting of today’s school on Forest Drive. The new Cardinal Newman campus will include more academic and athletic space for the school’s 440 students, as well as a fine arts center and a chapel with seating for 150.. “It’s a beautiful design,” said…
Index to this MD&A Management’s discussion and analysis of financial condition and results of operations is comprised of the following sections:. OVERVIEW 17 CONSOLIDATED OPERATIONS 18 CRITICAL ACCOUNTING ESTIMATES 20 RESERVES- ESTIMATES AND UNCERTAINTIES 23 SEGMENT RESULTS 30 CNA Specialty 31 CNA Commercial 34 Life& Group Non-Core 37 Corporate& Other…
Johnston, RI February 21, 2012. Following the costliest year in history for world natural disasters, including more than a dozen billion-dollar weather-related events in the United States alone, The Weather Channel will feature FM Global, one of the world’ s largest business property insurers, in five monthly broadcast segments, plus online-only exclusives,…
“As Allianz Life continues to expand and reach more customers in search of retirement solutions, it’s crucial that we have strong leadership for our customers and distribution partners,” said Cathy Mahone, chief administrative officer for Allianz Life….
Shortly after the lawsuit was settled, Emdeon began working with the Managed Care Advisory Group, who was selected to enroll and subsequently facilitate payments to impacted providers. As the single largest financial and administrative health information network in the nation, Emdeon was able to utilize its data assets and analytics capabilities to work…
The recent announcement by Chinese and U.S. officials to commit China to allowing foreign insurers into the compulsory third-party motor market will accelerate that market’s deregulation, according to industry watchers. Vice President Joe Biden recently said China has committed to opening the third-party liability auto insurance market to foreign…
The life settlement industry is continuing to suffer after years of reduced investments, but the industry is working to fine-tune its image and become a more prominent part of retirement planning…
Since the 18th century, Hartford _ home to Aetna Inc., Cigna, The Hartford, Travelers Cos. and others _ has been synonymous with insurance. His budget proposes to establish a division in the Insurance Department to regulate companies that specialize in captive insurance, a form of self-insurance. The legislature established the division in the Insurance…
Some of the top global insurance brokers, including Willis, Jardine Lloyd Thompson and Aon, have been active making acquisitions and forming partnerships in Europe. London- based broker Jardine Lloyd Thompson Group plc recently said it would combine its retail brokering unit in Spain with the country’s fourth-largest commercial insurance broker to form a…
