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Swiss Re and General Electric have agreed that the portion of the purchase price payable in Swiss Re shares is to be reduced to $2.4 billion. In addition, $500 million of mandatory convertible instrum
"This was by far the best combined ratio and most profitable quarter in Chubb's history," said Chubb Chairman John Finnegan. "All three of our insurance businesses made substantial contributions to th
The study, titled "Title Insurance: Preliminary Views and Issues for Further Study," was released yesterday by the GAO through Rep. Mike Oxley, R-Ohio, House Financial Services Committee chairman. Rep
Under the IRS' ruling the exemption applies only to nonlife insurance companies with "gross receipts" for the taxable year that do not exceed $600,000, if premiums make up more than 50 percent of gros
Under the IRS' ruling the exemption applies only to nonlife insurance companies with "gross receipts" for the taxable year that do not exceed $600,000, if premiums make up more than 50 percent of gros
The issue discussed at an April 19 conference call by insurers and regulators involved hybrid securities in carriers' portfolios that have been classified as common stock by the Securities Valuation o
Chairman J. Hyatt Brown said the windstorm capacity crunch from Texas to Virginia "is the most serious I have seen in my 47-year career. But that being said, all in all, we are pleased with the result
Advisen Ltd., a provider of analytics, benchmarking, and market information to the global commercial insurance industry, has unveiled a new version of its platform. The company expects it will
Circuit Judge Stephen B. Simpson in Gulfport, Miss. issued his ruling April 4 after Rimkus Consulting Group and State Farm brought actions seeking to limit a grand jury investigation mounted by
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