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The London-headquartered insurance broker's stock performance was also fueled by its announcement that it plans to begin a $1 billion stock repurchase program. The plan, the broker said, is an open-en
WASHINGTON--The Senate Banking Committee passed legislation yesterday giving the Securities and Exchange Commission authority to regulate credit rating agencies and address concerns about conflicts of
In its report following the July 1 renewal season, London-based Willis Re said that its previously described "tale of two markets" continues. Softening pricing in many lines contrasts sharply with pro
In its report following the July 1 renewal season, London-based Willis Re said that its previously described "tale of two markets" continues. Softening pricing in many lines contrasts sharply with pro
AMS Services announced the general availability of AMS Sagitta 7.0, an agency management system for larger agencies, bank-owned agencies, and national brokers. This release delivers new security
Joseph Solomon, the former CEO, was let go without severance, along with David Clark, vice president of underwriting, after a series of investigations revealed that certain businesses with cozy links
The stockholders action was filed yesterday by the great-great-granddaughter of a Safeco founder and was immediately labeled a "politically motivated character attack" by the former boss of the Seattl
In New Mexico, the insurance department is run under the aegis of the PRC, one of whose commissioners, Lynda Lovejoy, issued a statement expressing concern about the dismissal, saying the reasons for
Luke Savage, Lloyd's director of finance and risk management, expressed satisfaction with the action. "Given last year's record natural catastrophes, we are particularly pleased A.M. Best has recogniz
But auto premium shrank 5.6 percent and unit count fell 3.3 percent. "This is initially inconsistent with the view that Safeco can grow at a faster rate than more nationally diversified peers," he wro
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