News

Association officials believe provisions aimed at modernizing the excess and surplus lines marketplace will be retained in the final version of financial reform legislation that will be reconciled between the House and Senate.

Although the insurance industry has a long history of building its own technology solutions, the pendulum has been firmly paused on the "buy" side of the "buy vs. build" spectrum for the last few years across most core application areas.

Joe Plumeri, chairman and CEO of Willis, told insurance executives that the new U.K. government must address the struggling economy to spur growth in the British insurance industry and called on the EU to resolve pending regulatory issues.

Fairfax Financial Holdings Limited has completed its acquisition of Zenith National Insurance Corp. for $38 per share in cash, the company announced.

The Senate late Thursday night passed historic legislation making the most sweeping changes to financial services regulation since the Depression by a vote of 59-39.

The Insurance Council of New Jersey (ICNJ) has named Deana Lykins president.