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Daily NewsFlash : October 19, 2010


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Tuesday, October 19, 2010

Warren Buffett Increasing Stake in Munich Re

Billionaire investor Warren Buffett continues to increase his stake in the company and that he plans to raise the holdings further over the next year said German reinsurer Munich Re. Read More

NCCI Says Workers Compensation Claim Frequency Continues to Decline in 2009

In a new research brief, NCCI reports that the decline in claim frequency for workers compensation injuries continued in 2009, and economic factors suggest further reductions are likely in 2010... Read More

HUB Acquires New Jersey-based Burnham + Company

Hub International Limited (Hub), a leading insurance brokerage firm, announced today that it has acquired the assets of Burnham + Company, Inc. (B+C), an Englewood Cliffs, New Jersey-based brokerag... Read More

AIA Asks NAIC to Promote Domestic and International Regulatory Effectiveness at this Week's Meeting

The American Insurance Association (AIA) will emphasize the importance of promoting regulatory effectiveness and efficiency at the National Association of Insurance Commissioners’ (NAIC) fall... Read More

Private Insurers Eligible for Small-Business Export-Credit Reinsurance from Ex-Im Bank

Private-sector insurers that provide short-term export-credit insurance covering foreign receivables to U.S. exporters are now eligible for reinsurance from the Export-Import Bank of the United ... Read More

Allstate Agrees to Pay $10M to States in Claims-Handling Settlement

The largest publicly traded home and auto insurer, Allstate Corp., reached an agreement with 45 states to pay $10 million and change the way it uses a software program that calculates how much to p... Read More

Alterra Capital Rebrands Its US Carriers

Alterra Capital Holdings Limited ("Alterra") announced the renaming of Max Specialty Insurance Company ("Max Specialty") as Alterra Excess & Surplus Insurance Company ("Alterra E&S"). This ... Read More

IAM Survey Shows an Increase in Insurers Seeking Outside Expertise in Investment Management

The Insurance Asset Manager (IAM) Annual Survey 2010 Edition, published last week, reveals that the financial crisis prompted a sharply higher number of the world’s largest insurance companie... Read More

State Legislators Voice Concern Over Possible Heavy Turnover in Election of Insurance Commissioners this November

At a meeting held in conjunction with the American Council of Life Insurers’ annual meeting in Baltimore, several state legislators cautioned that Up to 17 new insurance commissioners could t... Read More

UBS Sees AIG As An Investment Opportunity

Analysts at UBS gave American International Group Inc. (AIG) earned a "short-term buy" recommendation, stating that the government's plan to exit its stake in the firm presents an opportunity for i... Read More



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