News
Fairfax Boosts Offer For American Safety
American Safety Insurance Holdings, Ltd. announced Wednesday that Fairfax Financial Holdings Limited has increased its offer to purchase American Safety to $30.25 per share from the previously ...
Lancashire Moves To Buy Cathedral Capital Limited
The board of directors of Lancashire Holdings Limited announced Wednesday that it has entered into conditional agreements to acquire the entire issued and to be issued share capital of Cathedral ...
As the insurance market continues to stabilize, the next phase of the market will reward independent agencies that can respond...
Hannover Re Quarterly Net Rises 29% on Investment Income
Hannover Re, the world's fourth- biggest reinsurer, said second-quarter profit rose 29 percent, beating analysts' estimates, helped by higher investment income. Net income advanced to 186.3 million ...
Nigeria Taking Steps to Become Islamic Finance Center
Nigeria is gradually opening up to Islamic finance, a move that could bring non-interest banking to over 80 million Muslims and develop one of Africa's fastest-growing consumer and corporate banking ...
Commercial Lines Rate Increases Slowed in July: MarketScout
After four months of going up at 5 percent, commercial property/casualty insurance rates have moderated. The July 2013 rate increase was plus 4 percent, according to MarketScout's market index. Rate ...
Ebix Says Money Laundering Allegations Are False
Ebix Inc. said allegations that it was involved in money laundering were false, after its shares tumbled on a Bloomberg report that federal investigators were reviewing the insurance software maker's ...
Insurance Tech Firm Ebix Is Subject of Money Laundering Allegations
Federal investigators are reviewing Ebix Inc.'s cross-border financial transactions to see whether the Atlanta-based software company engaged in money laundering, according to three people with ...AIG’s Bond Portfolio Dropped $9 Billion Due to Interest Rate Rise
American International Group Inc., the insurer that repaid a U.S. bailout last year, said a surge in interest rates in the second quarter fueled a $9 billion reduction in its bond portfolio as ...