News

Multiline insurer the Hartford Insurance Group announced today it had given a stake in the firm to competitor Allianz AG for a $2.5 billion cash infusion and informed investors it will take a huge cha

Moody's Investors Service downgraded the debt rating of American International Group and two of its operating units, saying the company's plan to sell assets may not raise enough capital to pay back

HENDERSON, NEV.--The long tradition of insurance industry powers assembling each year in the hills of West Virginia at the Greenbrier resort may come to an end if labor discord continues at the meeting

HENDERSON, Nev.--The combination of the ongoing credit crisis and losses suffered because of the subprime mortgage meltdown is translating into lower sales prices for agencies, say merger and acquisiti

London-based Xchanging has agreed to pay $145.6 million to acquire 75 percent of the fully diluted share capital of Bangalore, India-based Cambridge Solutions from a group of Cambridge Solutions' majo

Rebecca Shafer, an attorney and risk consultant specializing in cost containment, is president of Amaxx Risk Solutions Inc., in Mansfield Center, Conn. She offers her counsel with the practical insigh