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1 hr ago | Canada.com
Manulife Financial Corp.'s $4-billion acquisition of Standard Life Canada may not have garnered much of a positive response from investors, but at least one analyst is suggesting the market is overlooking a key aspect related to the deal. Scotiabank's Sumit Malhotra considers the purchase a positive for Manulife because it adds bulk to its group businesses and consists of lower-risk operations.
5 hrs ago | Forbes.com
Northwestern Mutual has helped clients achieve financial security for more than 155 years. The company offers a comprehensive approach to financial planning, offering risk management solutions and investment services.
7 hrs ago | Insurance Journal West
The Federal Reserve would get more flexibility to set separate capital standards for systemically important insurance companies under legislation passed by the U.S. House of Representatives. The measure, adopted yesterday as part of a package of changes to the Dodd-Frank Act, would let the Fed treat insurers such as Prudential Financial Inc. and MetLife Inc. differently than big banks in imposing safeguards demanded by the 2010 law.
8 hrs ago | This Is Lancashire
THE grieving partner of a kind-hearted postman who died of a deadly asbestos cancer will join other victims in the fight for more research. Terence McCarthy had been fit and healthy all of his life but when he fill ill with a suspected chest infection, doctors gave him a devastating diagnosis.
U.S. stocks advanced, erasing early losses, as rising oil prices spurred a rally in energy shares and China's central bank reportedly started providing about $81 billion in loans to its biggest banks. Health-care stocks added 1.3 percent to lead gains among all 10 of the main industries in the Standard & Poor's 500 Index.
ACE Group today released an advisory discussing the current and emerging challenges faced by underground storage tank business owners and operators. The new report examines specific changes in state and federal regulations, increased financial responsibility requirements and presents comprehensive strategies to better manage these risk exposures.
"Disaster resilience should be encoded into the global financial system," said James Vickers, Chairman of Willis Re International, in an interview at the Reinsurance Rendezvous in Monte Carlo. "It's a big opportunity for the insurance industry."
Humana's board of directors has replaced the health insurer's share buyback plan with a bigger authorization for $2 billion in repurchases. The Louisville, Kentucky, company said Tuesday that the new authorization expires Dec. 31, 2016.
Brown & Brown plans to issue senior notes, using at least some of the proceeds to pay off existing debt.
Saudi Arabia leads the country opportunity index in Aon Benfield Group Ltd.'s 2014 Insurance Risk Study, followed by Ecuador and Singapore, reports Saudi Gazette. Aon Benfield said the property/casualty industry achieved a global underwriting profit in 2013, adding that property/casualty premium volume is likely to grow 18% in the next five years to $1.6 trillion by 2018.
B2Gold Corp. . Miner. Down seven cents, or 2.99 per cent, to $2.27 on 7.4 million shares.
Via Acquire Media NewsEdge) FireEye Inc, a provider of security solutions that stop today's advanced cyber-attacks, has announced the Cyber Risk Evaluation and Threat Engagement programme, addressing insurance brokers' and underwriters' critical need to gain visibility into enterprises' exposure to cyber threats. The company said Lockton Inc, the largest privately held, independent insurance broker in the world, will serve as the CREATE programme's inaugural partner.
The Navigators Group, Inc. today announced that its principal underwriting agency subsidiary, Navigators Management Company, Inc., has launched a new Cyber Liability & Privacy/Data Breach Coverage product called "NAVSecure ," providing pre- and post-breach solutions to cyber liability and privacy/data breach events in response to heightened demand. "Cyber security is front-page news and every day we read about another business or government agency that has fallen prey to new, complex and increasingly sophisticated cyber crime," said Stuart M. Kohn, Vice President of the Specialty Professional Liability division and Cyber Liability & Privacy/Data Breach Coverage practice leader.
As device vendors intensely compete by launching new and unique Smartphone models, insurance companies are heavily capitalizing on device specific insurance plans. With global revenues of over in 2013, the industry is set to grow at a CAGR of 17 % over the next five years.
What was once the unthinkable occurred on September 16, 2008. On that date, the federal government gave the American International Group - better known as AIG - a bailout of $85 billion.
Riverview Realty Partners of Chicago recently invited heavy-hitters from Milwaukee's brokerage community to see the planned renovations to the 30-story downtown 411 office tower. They are the first details Riverview Realty unveiled about its commitment to spend $17.5 million upgrading the building.
Updated: Wed Sep 17, 2014 10:14 am
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