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Alea North America Insurance Company agreed to sell its Delaware excess and surplus lines carrier to Praetorian Financial Group Inc. for at least $30 million, Alea Group Holdings (Bermuda) Ltd. announ
Travelers Insurance, the subsidiary of St. Paul, Minn.-based insurer St. Paul Travelers, has been hit with a $28.7 million lawsuit for breech of contract over its refusal to pay for repairs to St. Cha
Standard & Poor's Rating Services issued ratings for loans and debt obligations for Starbound Re, the Renaissance Reinsurance Limited sidecar, and for Bay Point Re, a Harbor Point Re Ltd. vehicle. Bot
Kristina Baldwin, regional manager for the Property Casualty Insurers Association of America (PCI), based in Albany, said the legislation designed to protect against identity theft is not relevant for
The global insurance industry in 15 years will see virtual service providers, increased standardization, products quickly tailored to individual consumers, and shifting consumer loyalties, according t
The decline in premium did not come as a surprise to analysts who have seen reinsurers grow wary of taking on too much aggregate catastrophe risk in the aftermath of last year's record hurricane losse
The Chicago-based insurance broker said the office will focus on large companies in a number of sectors such as the food manufacturing and food processing industry, energy and heavy industry, aviation
The Chicago-based insurance broker said the office will focus on large companies in a number of sectors such as the food manufacturing and food processing industry, energy and heavy industry, aviation
AMS Services has announced the debut of SETWrite, software that enables agents to access rates from and submit insurance data to multiple carriers in real time through single-entry transactions. With
The loss reserve issues surrounding the St. Paul-Travelers merger underscore how they can contribute to buyer hesitancy to assume such latent risk. Many transactions have been renewal rights deals
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