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1 through 10 of 10 matching documents, best matches first.   Sort by date

China's Insurance Market Concludes a Decade of Rapid Evolution
... China National Petroleum Corp. (CNPC), won approval to establish in China in January 2002 and became the first Sino-foreign insurance joint venture to operate insurance business ...
Source: BestWire   Date: January 19, 2010
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Ace Settles for $80 Million With Three States in Finite Reinsurance, Brokerage Probes
New York, Connecticut and Illinois. Those settlements will cost Ace $80 million pretax, a charge to first-quarter earnings that cut into an otherwise impressive performance. Ace ...
Source: BestWire   Date: April 26, 2006
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As Greenberg Era Ends, Insurance Industry Leadership, Accountability Seem Less Certain
After another eventful week for American International Group Inc. as it attempts to sort out its troubles with federal and state regulators, industry watchers are wondering what ...
Source: BestWire   Date: April 4, 2005
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Ace 10-K Filing Acknowledges Lawsuits, Investigations Related to Industry Practices
Delaware Chancery Court by shareholders of broker Marsh & McLennan Cos. related to bid-rigging charges leveled at Marsh through its brokerage practices. In that lawsuit, plaintiffs ...
Source: BestWire   Date: March 17, 2005
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Rival Insurers Seek to Block Sale of Ace's Asbestos-Impaired Units
Four of its biggest competitors are targeting Ace Ltd.'s move to sell off units that carry large prior-year asbestos obligations by complaining to regulators in Pennsylvania and ...
Source: BestWire   Date: February 18, 2005
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Benfield's U.S. Unit Adopts Full-Disclosure Guidelines in Response to Spitzer Probe
The group said its U.S. subsidiary, Benfield Inc., will also disclose to its reinsurance customers all material relationships it has with its customers' reinsurers. The ...
Source: BestWire   Date: December 14, 2004
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Investigators Target Financial Reinsurance Transactions
Ace spokesman Robert T. Grieves said the company couldn't comment further on the issue at this point. Zurich Financial Services Group also said it has received subpoenas from the ...
Source: BestWire   Date: November 17, 2004
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Spitzer Nets Guilty Pleas From Two Zurich Underwriters in Brokerage Probe
Edward Coughlin -- are senior underwriters with Zurich American. Each pleaded guilty to one misdemeanor count of violating New York's Donnelly Act, which prohibits agreements in ...
Source: BestWire   Date: November 17, 2004
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Consultant: Charges of Bid-Rigging Could Mean a 'Very Bad Day' for Insurance Industry
Jay Gelb, an equity analyst with Prudential Equity Group, said in an Oct. 15 research note that Prudential is lowering its property/casualty insurance sector rating to unfavorable. ...
Source: BestWire   Date: October 18, 2004
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Briefing: Taking Aim at Smaller Prey
Following the PPG settlement announcement, A.M. Best analysts stated that the $2.7 billion global settlement of asbestos liabilities is unlikely to have a direct impact on the ...
Source: Best's Review   Date: July 1, 2002