Business Wire

  1. Fitch Issues Report On Property/Casualty Insurance Asset Risk 11/4/2008
    Economic turmoil has deeply affected investment markets in 2008. While the U.S. property/casualty insurance industry was less affected by troubles in the subprime mortgage market, more recent volatility in equities, corporate bonds and tax-exempt securities are all having a significant effect on the industry's financial position as evidenced by larger reported investment losses for the third quarter of 2008
  2. AIG To Refocus As Worldwide Property And Casualty Company With Continuing Presence In Foreign Life 10/3/2008
    American International Group, Inc. (AIG) today indicated its intent to refocus the company on its core property and casualty insurance businesses, generate sufficient liquidity to repay the outstanding balance of its loan from the Federal Reserve Bank of New York and address its capital structure. AIG had drawn $61B on the Fed credit facility as of September 30, 2008
  3. Accenture Completes Implementation Of Claims Solution At Affirmative Insurance 10/2/2008
    Accenture has completed the implementation of Accenture Claim Components Solution at Affirmative Insurance Services, a distributor and producer of personal non-standard automobile insurance and a subsidiary of Affirmative Insurance Holdings, Inc.
  4. Flagstone Re Completes Restructuring Of Global Operations 10/1/2008
    Flagstone Reinsurance Holdings Limited announced today that it has restructured its global reinsurance operations by merging its two wholly owned subsidiaries, Flagstone Reinsurance Limited of Bermuda and Flagstone Réassurance Suisse SA into one operating platform
  5. Dallas-Based Apex Global Partners, Inc. Acquires Benefits Broker And Human Resources Consultant In Austin, Texas 9/24/2008
    Apex Global Partners announces the acquisition of Global Benefit Solutions, one of the leading privately owned employee benefits brokers and Human Resources Consultants in Austin
  6. Gen Re Intermediaries Holds Catastrophe Seminar 9/17/2008
    Gen Re Intermediaries (GRI) hosted a two-day client seminar to address the catastrophe risk management needs of insurance companies. Industry experts on catastrophe losses and modeling shared their latest insights and research on the nature of catastrophic risk and how insurers can better manage that risk
  7. Innovation Group Extends American Modern Partnership 9/2/2008
    Innovation Group (LSE:TIG), a global provider of enterprise software and BPO solutions to the property and casualty insurance industry, announces they have finalized an application support and maintenance contract with American Modern Insurance Group (American Modern), the specialty insurance subsidiary of The Midland Company
  8. GNY Insurance Companies Expands Insurance Operations Into Michigan 7/29/2008
    Warren Heck, Chairman and Chief Executive Officer of GNY Insurance Companies, a group comprised of Greater New York Mutual Insurance Company, Insurance Company of Greater New York, Strathmore Insurance, and GNY Custom Insurance Company, a surplus-lines company, announced today that the companies have expanded their business operations into the state of Michigan
  9. Fitch Issues Report On Evaluating Property/Casualty Insurer Underwriting Performance 7/15/2008
    In a new report, Fitch Ratings discusses the process for evaluating property/casualty insurer underwriting performance on an absolute and relative basis utilizing statutory financial data