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Following the closing of its acquisition of the UK-based Benfield Group, Aon has announced that it has created a new global specialty business unit - Aon Specialty. The bulletin described the new oper

Folloing a survey, conducted in some of the UK's largest cities, Marsh has concluded that "UK firms believe that the downturn will create opportunities to improve their operational efficiency, acquire

Bermuda-based PartnerRe Ltd. has increased its estimate of claims from Hurricane Ike by $115 million to a total estimate of approximately $305 million, pre-tax and after reinstatement premiums. Par

A.M. best Co. has issued a new study of Asian insurance companies, which concludes that they "are expected to avoid major liquidity problems stemming from the global financial crisis, but investment i

Fairfax Financial Holdings said Monday it plans to spend C$686 million (US$550 million) to buy the remaining shares of Canadian property and casualty insurer Northbridge Financial that it does not alr

Zurich Financial Services announced that its Brazilian subsidiary Zurich Participações e Representações Ltda. (Zurich Participações) has completed the acquisition of common shares representing 87.35 p

Standard & Poor's Ratings Services has raised its long-term counterparty credit and insurer financial strength ratings on U.K.-based non-life insurer Hiscox Insurance Co. Ltd. (HISCO) to 'A' from 'A-'

Montvale, New Jersey-based Managing General Agency Jimcor Agencies has acquired wholesale brokerage Zaloom Associates Inc. Zaloom Associates will be a division of Jimcor Agencies and will be locate

Georgia will pay a million-dollar settlement over the death of 59-year-old Michael Ernest Webb, a Vietnam veteran from Gwinnett County who was a patient at one of the state-run psychiatric hospitals.

West Virginia Gov. Joe Manchin may ask the Legislature next year to end West Virginia's practice of electing its judiciary along partisan political lines, at least for the state's circuit court judges