News

The president of the National Association of Mutual Insurance Companies says the Volcker rule contains ambiguities that could potentially inappropriately impact property and casualty insurers that have banks or thrifts.

Swiss Re today announces that Michel M. Lis, currently chairman global partnerships, has been appointed by the board of directors as the companys new group chief executive officer as of Feb. 1.

Progressive Corp. reports a 14 percent decrease in 2011 fourth-quarter net income and a 32 percent drop in December, compared to the same periods the year prior.

Insurance data exchange IVANS is hosting a series of regional meetings in early February for property & casualty insurance carriers to discuss their technology priorities for driving growth, gaining competitive advantage, and reducing the cost of doing business with agents.

Insurance data exchange IVANS is hosting a series of regional meetings in early February for property & casualty insurance carriers to discuss their technology priorities for driving growth, gaining competitive advantage, and reducing the cost of doing business with agents.

Winston-Salem, N.C.-based bank BB&T Corp. says fourth-quarter net income in its insurance-brokerage business increased 4 percent over the previous year, primarily on the strength of the combination of acquisitions and P&C sales.