In the culmination of its long-term evolution from insurer to investment company, U.K. financial services group Standard Life Aberdeen plc has sold Standard Life Assurance Ltd. to U.K. closed life fund consolidator Phoenix.
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Long-term care insurance has been the source of many concerns and discussions in the industry.
The China Insurance Regulatory Commission has taken over Anbang Insurance Group for one year, according to a statement from the regulator. Anbang has allegedly violated laws and regulations amid investigations.
According to a recent A.M. Best survey, insurance companies are fully aware that they lag other industries when it comes to technological innovation.
In a year in which it suffered US$4.7 billion in natural catastrophe losses, Swiss Re reported a plunge in 2017 net income to US$331 million, from $3.5 billion in the previous year.
The P/C industry experienced favorable rating changes in 2017, due to solid capitalization as well as improved technology and risk management capabilities, and ongoing acquisition/affiliation agreements.
The performance of the commercial automobile segment has lagged that of other P/C industry sectors for several years and continued to deteriorate through third quarter 2017.
WTW's Dubinsky: ILS Capital Plus Insurtech Equals New Risk Solutions
Newly Named ACIG CEO: Focus on Lowering Comp Claims Pays Off in Tough Construction Market: American Contractors Insurance Group has been aggressively working to lower the frequency and severity of workers' compensation claims for the past eight years, which is a major reason the company is able to weather the curre... Date: November 30, 2011 Source: BestWire News
ACIG Hands Reins of Company to President With 38 Years of Construction Experience: American Contractors Insurance Group has announced its company's president, Michael J. O'Neill, will become its new chief executive officer, effective January 2012.
O'Neill has been ACIG's president since 2009 and wi... Date: November 29, 2011 Source: BestWire News
A.M. Best Raises Rating of American Contractors Insurance Group: A.M. Best Co. has raised the financial strength rating to A (Excellent) from A- (Excellent) of American Contractors Insurance Group (ACIG), Dallas.
The rating is based on the consolidated financial condition and oper... Date: June 10, 2002 Source: BestWire News
A.M. Best Raises Rating of American Contractors Insurance Group : A.M. Best Co. has raised the financial strength rating to A (Excellent) from A- (Excellent) of American Contractors Insurance Group (ACIG), Dallas.The rating is based on the consolidated financial cond... Date: June 10, 2002 Source: Press Release
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