Chicago-based Aon insurance brokerage will purchase Benfield Group Ltd., the London-based reinsurance brokerage, for $1.75 billion (?935 million) and the assumption of $170 million of the company's de

News that Alabama Insurance Commissioner Walter Bell is taking a post with a giant reinsurer raises questions of influence and undermines public confidence, consumer representatives said in a letter t

WASHINGTON--A coalition opposing legislation that would create a national risk pool for natural catastrophes said it has done an analysis showing the measure would create massive new taxpayer liabiliti

Featuring former Vice President Al Gore; Republican political strategist and advisor to President George W. Bush, Karl Rove; and Pulitzer Prize winning historian Doris Kearns Goodwin, the event will b

"Insurance companies must apply the deductible that is unrelated to hurricane, generally referred to as the 'all other perils deductible' or 'other than hurricane deductible,'" the commissioner said.

Analysts at Keefe, Bruyette & Woods said in a report they foresee declines in premium levels for insurers and brokers' revenues, reduced investment income and an active merger and acquisition environm

Insurance Specialty Group, LLC, (ISG) the parent company of Pacific Wholesale Insurance Brokers, said it has acquired El Segundo, Calif.-based E.L.M. (Executive Liability Managers) Insurance Brokers.

The company said she will join MMC as an executive vice president on Sept. 10 and will assume her CFO duties by Oct. 15. She will succeed Matthew B. Bartley, who announced his plans to leave the compa