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61 through 80 of 1,102 matching documents, best matches first.   Sort by date

Former Allianz Exec Joins Wefox as CEO
German insurance market (BestNews, July 31, 2024). (By Barbara Edwards, BestWire: Barbara.Edwards@ambest.com)
Source: BestWire   Date: September 20, 2024
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First-Half Profit Plunges 96.6% for China's Fanhua on Government Policy Change
Total net revenue fell to 1.12 billion yuan from 1.96 billion yuan. "In the first half of 2024, the implementation of the 'unified commissions and fees in reporting and ...
Source: BestWire   Date: September 19, 2024
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Lloyd's: Financial, Nonfinancial Conduct Oversight Rules Need Updating
The market is seeking input on the proposals and set a Dec. 16 deadline for responses. Attempt to gain further comment from Lloyd's was not immediately successful. Lloyd's has a ...
Source: BestWire   Date: September 12, 2024
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Aon Exec Joins BMS Re US as President and CEO
Brad Melvin as president and chief executive officer, BMS Re, U.S., effective November. Melvin's appointment is subject to regulatory approval. In the interim, Nick Cook, group ...
Source: BestWire   Date: September 5, 2024
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UK FCA Plans to Investigate Market for Pure Protection Insurance Products
The United Kingdom's Financial Conduct Authority intends to commence a market study into how pure protection insurance products are sold, after concerns that competition is not ...
Source: BestWire   Date: August 28, 2024
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Maryland Stiffening Penalties for Insurance Professionals Caught Violating Statutes
Maryland Insurance Administration. It is also illegal to act as a producer for an unauthorized insurer. Public adjusters found to be making material misstatements on license ...
Source: BestWire   Date: August 9, 2024
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NAIC Adopts Changes to Financial Reporting
Schedule BA, effective Jan. 1, 2025. The proposal aims to enhance transparency and consistency in reporting these financial instruments. The group also adopted other proposals, ...
Source: BestWire   Date: June 13, 2024
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Specialty Insurer Fortegra Targets European MGAs With New EU License
Fortegra Europe Insurance Co., Fortegra's Malta company, will continue to focus on warranty products. Fortegra said its Belgium operations will provide access to strategic ...
Source: BestWire   Date: June 11, 2024
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Allianz Names Managing Director for Personal Lines
Crane has decided to leave his role. George will lead the strategic growth of an integral part of the overall Allianz family. She joined LV= Broker in 2022 as portfolio pricing ...
Source: BestWire   Date: April 29, 2024
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Hong Kong Regulators Target Illegal Insurance Sales to Mainland China Customers
China customers, the agencies said in a joint statement. The joint operation came after a memorandum of understanding signed by the ICAC and HKIA in October 2023. Search warrants ...
Source: BestWire   Date: April 11, 2024
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California Governor Signs Bill for 'Best Interest' Standard on Annuity Sales
The legislation had been sponsored by state Sen. Bill Dodd, a Democrat from Napa who partnered with Insurance Commissioner Ricardo Lara. Dodd previously said it would require ...
Source: BestWire   Date: March 6, 2024
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Barents Re Names Chief Executive Officer
The board of directors of Barents Re Reinsurance Co. Inc. appointed Gary Callaghan to succeed Gerardo Garcia as chief executive officer, subject to the authorization of the Cayman ...
Source: BestWire   Date: February 26, 2024
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California Senate Approves Bill Requiring 'Best Interest' Standard on Annuity Sales
The measure next heads to Gov. Gavin Newsom for his signature. Under terms of the bill, producers would be required to act in the best interests of clients by disclosing how the ...
Source: BestWire   Date: February 23, 2024
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Ontario Regulators to Review P/C Carriers' Use of MGA's in Crafting Non-Auto Supervision Plan
The Financial Service's Regulatory Authority of Ontario plans to review property/casualty insurers and the outsourcing arrangements they have with managing general agents as part ...
Source: BestWire   Date: February 23, 2024
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McKinsey Senior Partner: Asia's Changing Demographics Reveal Insurance Opportunities
Bernhard Kotanko, senior partner, McKinsey & Co., said expanding middle classes, new expectations for older segments, women in the workforce and changing family structures are all ...
Source: BestWire   Date: November 29, 2023
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Ontario Regulators Find Agent Shortcomings, Improper Universal Life Policies in Agent Review
Regulators in Ontario are stepping up oversight of the life and health insurance market, after a report found "troubling practices," including agents lacking proper training and ...
Source: BestWire   Date: October 4, 2023
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Markel Bermuda Ltd. Added to Roster of Vesttoo Creditors Over Two Fraudulent Letters of Credit
White Rock's segregated account platform. The two transactions entered into by MBL with White Rock were for the benefit of a segregated account owned by a Vesttoo affiliate, the ...
Source: BestWire   Date: September 1, 2023
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Vesttoo Lines of Credit Worth $2.35 Billion ‘Invalid,’ White Rock Says
White Rock Insurance (SAC) Ltd., according to court documents. The new revelation came in a filing from White Rock in which the reinsurer opposed Vesttoo's motion to force an ...
Source: BestWire   Date: August 30, 2023
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Vesttoo Seeks To Stop Bermuda Liquidation Amid Chapter 11 Efforts
Chapter 11 cases," the motion said. In doing so, White Rock violated the automatic stay. "White Rock raced into a New York court and obtained an ex parte injunction against the ...
Source: BestWire   Date: August 22, 2023
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Bermuda Regulator, White Rock Agree to Liquidation of Vesttoo-Related Captive Cells
The Bermuda Monetary Authority and White Rock Insurance (SAC) Ltd. jointly agreed to move on the liquidation of certain White Rock captive insurance cells related to alleged fraud ...
Source: BestWire   Date: August 18, 2023
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