"Allianz's capital injection is an investment," Tom Marra, Hartford's president and chief operating officer, told NU in a phone interview. "They will have no board seats, no management oversight.
Multiline insurer the Hartford Insurance Group announced today it had given a stake in the firm to competitor Allianz AG for a $2.5 billion cash infusion and informed investors it will take a huge cha
The Risk and Insurance Management Society (RIMS) Ontario Chapter presented the Donald M. Stuart Award to George Simpson, CRM, FCIP, at the 2008 RIMS Canada Conference in Toronto. Created in 1979, this award is the society's highest honor for
Chordiant Software, Inc., a provider of customer experience software and services, and IBM announced an extended partnership to deliver service-oriented-architecture-based solutions to help global
The Burma Campaign UK report also said that after it had applied pressure, some of the world's largest insurance firms, including American International Group, had decided not to provide insurance to
The Burma Campaign UK report also said that after it had applied pressure, some of the world's largest insurance firms, including American International Group, had decided not to provide insurance to
A court showdown between the California insurance department and a Montana risk retention group will ultimately determine whether RRGs governed by federal law have the necessary flexibility to fill
Dutch financial services conglomerate ING said it is selling its reinsurance unit, NRG N.V., to Berkshire Hathaway for approximately 300 million euros--about $433 million at current exchange rates, whi
Zurich Insurance Company in Canada said Alister Campbell will be named the firm's chief agent and chief executive officer.He will replace Robert Landry who plans ...