Search Results

Kansas City, Mo.-based insurance broker Lockton said it has received approval from the China Insurance Regulatory Commission to open a new branch office in China, based in Beijing.

Instead of using offshoring for cost-reduction purposes alone, insurers should evaluate it as nothing less than part and parcel of their strategic efforts to increase growth and profitability.

Marsh & McLennan Companies reported solid gains in the 2010 second quarter, improving over last year's earnings loss from the same period.

Hedley Blane was named chief underwriting officer of the Hartford Financial Services Group Inc.'s subsidiary, Hartford Financial Products International Ltd (HFPI).

Fairfax Financial Holdings Ltd. said it plans to offer Canadian $275 million (U.S. $268 million at the current exchange rate) senior notes at a fixed annual interest rate of 7.25 percent due by 2020.

The three biggest insurance brokerages reported mixed results for the first quarter, with Aon seeing a big drop in net income, Marsh & McLennan reporting a substantial gain, and Willis a more modest jump.

Marsh & McLennan Companies reported first-quarter net income rose 41 percent over the period last year as its business segments controlled costs and benefited from economic improvement.

The addition of HSBC Insurance services is part of a global agreement announced in December 2009, in which HSBC Insurance Brokers Ltd. And related businesses and companies within the HSBC group were acquired.