Insurance news and insurance widget

President George W. Bush has been briefed about increasing attacks by Somali pirates off east Africa, and the United States is consulting with other U.N. Security Council members on ways to combat the

A consortium led by sovereign wealth fund China Investment Corp is in talks to buy a 49 percent stake in American Life Insurance Co (Alico), a unit of AIG, in a deal that could be worth up to $10.6 bi

A Dutch insurer's experimental bid to tap the U.S. government for bailout cash looks doomed to failure, closing off an avenue for other insurers. Aegon NV said this week it was mulling buying a small

The world needs a supervisory body for financial markets to which end the International Monetary Fund (IMF) must become more independent, German president and former IMF chief Horst Koehler said on Fr

ACE Limited has announced the appointment of Sean Ringsted as Chief Risk Officer for the ACE Group of Companies. In this role, which will be in addition to his current responsibilities as Chief Actuar

Faber & Dumas, the newly formed third-party wholesale brokerage division of Willis Group Holdings, announced that three additional Willis specialty businesses - Fine Art, Jewelry & Specie (FAJS), Spec

Investors are wondering if Warren Buffett has lost his touch. They are bailing out of Berkshire Hathaway Inc stock and have lost some confidence that the insurance and investment company, run by on

Zurich Financial Services Group has announced the completion of the acquisition of a remaining 34 percent minority stake in Russia's OOO NASTA Insurance Company, which was renamed Zurich Retail Insura

Standard & Poor's Ratings Services has revised to negative from stable its outlook on Atradius Credit Insurance N.V., Atradius Reinsurance Ltd., Atradius Trade Credit Insurance Inc., and Compañía Espa

Standard & Poor's Ratings Services has raised its long-term counterparty credit and insurer financial strength ratings on South Africa-based reinsurer Munich Reinsurance Co. of Africa Ltd. to 'A' from