CNA Select Risk, which includes excess and surplus business, and wholesale property accounts, said that it will invest in the Transportation unit to expand underwriting appetite and identify new industry specializations to meet the needs of its customers.
SCOR Global Life said that it plans to establish a new Life representative office in Tel Aviv for the Israeli Life and Health market, which is estimated to represent around EUR3.4bn in 2010.
The New Zealand Automobile Association (AA) and Pyne Gould Corp (PGC) have entered into a new joint venture agreement to provide a range of insurance services.
Stock life insurance company National Western Life has reported revenues of $153.4m for the fourth quarter of 2009, an increase of 38% compared to $111.1m for the same period last year.
American International Group has planned to sell in a public offering the remaining 9,192,662 million shares of common stock of Transatlantic Holdings, owned by its subsidiary American Home Assurance Company (AHAC).
Liberty Mutual Group has reported revenues of $7.94bn for the fourth quarter of 2009, a decrease of 2.6% compared to $8.15bn for the same period last year.
Mercer Insurance Group has reported revenues of $39.31m for the fourth quarter of 2009, an increase of 6% compared to $37.08m for the same period last year.
EMC Insurance Group has reported revenues of $111.4m for the fourth quarter of 2009, a decrease of 2%, compared to $113.6m for the same period last year.
Sircon, a wholly owned subsidiary of Vertafore, and the National Insurance Producer Registry (NIPR) have signed a long- term extension of the authorized business partner agreement, to provide services to the insurance industry.
Fineos has entered into a strategic partnership with Crowe Paradis, a provider of advocacy, consulting, and compliance services for the Disability Insurance industry, under which the two organizations will work together to develop business opportunities with new and existing clients.
XL Insurance has appointed Seraina Maag as chief executive of its North America Property & Casualty (P&C) unit. She succeeds Dennis Kane, who will retire at the end of the year.
