Bermuda-based property and casualty insurer XL Capital Ltd. has sold its U.S. life reinsurance subsidiary, XL Re Life America Inc. to SCOR Global Life US for $45 million.

National Conference of Insurance Legislators leaders said they are working on a model act to protect consumers from "the widespread economic fallout of controversial credit default swap transactions."

A survey of the needs of AARP members prompted The Hartford Financial Services Group, Inc., to expand its AARP-branded auto insurance by offering the coverage through independent agents.

Independent agents and brokers certainly understand the challenge of working with many trading partners, but also the value in doing so.