Kane today announced the successful completion of its acquisition of the insurance management operations of HSBC.

Justices for the Court of Appeals for the State of New York peppered attorneys with questions for close to 45 minutes during a hearing on whether a group of banks can go ahead with a lawsuit against bond insurer MBIA.

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).

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