News

Paris, France-based AXA says it will sell its Canadian property and casualty and life and savings insurance operations to Toronto-based Intact Financial Corp. for CAD 2.6 billion ($2.7 billion at the current exchange rate).

Premium for the aerospace insurance market is down for the fourth year in a row as capacity remains high, but buyers are being warned that the soft market direction won’t last, says insurance broker Aon.

Insurance broker Hub International Ltd. will expand its operations in the South with the acquisition of First Southeast Insurance Services Inc.

Insurance broker Hub International Ltd. will expand its operations in the South with the acquisition of First Southeast Insurance Services Inc.

Twenty-six trade groups involved in the sale, financing and insuring of residential properties have signed a letter to the House leadership urging prompt action on legislation providing for a long-term reauthorization of the National Flood Insurance Program.

Twenty-six trade groups involved in the sale, financing and insuring of residential properties have signed a letter to the House leadership urging prompt action on legislation providing for a long-term reauthorization of the National Flood Insurance Program.