National Study: North Dakota Workers’ Comp Premiums Lowest in Nation

North Dakota's workers' compensation agency says a national study has found it has the lowest premiums in the country. Workforce Safety and Insurance (WSI) says the study undertaken every two year

Hanover Insurance Completes Acquisition of Specialty Program Writer AIX

Super regional insurance carrier The Hanover Insurance Group, Inc. has completed the previously announced acquisition of AIX Holdings, Inc. Windsor, Conn.-based AIX Holdings is a specialty property

Aon Appoints Lawson to Head UK Trade Credit

Stuart Lawson has been appointed head of Aon Trade Credit (ATC), the UK's leading credit insurance broker. He will service existing clients as well as seeking new business, "in an era when credit insu

ACE Europe Names McKellar Director for Scotland

ACE Europe has announced the appointment of Colin McKellar as Director of Scotland, based in its Glasgow office. He "will assume full management responsibility for all Property & Casualty (P&C) and

Unibanco, AIG in Joint Repurchase Plan of Brazilian Joint Venture Shares

Unibanco - União de Bancos Brasileiros S.A. - and American International Group, Inc. announced that they have entered into an agreement to repurchase their crossholdings in Unibanco AIG Seguros S.A. (

RenRe’s WeatherPredict Acquires Assets of Commodity Hedgers

Bermuda-based RenaissanceRe Holdings announced that its U.S. affiliate, WeatherPredict Consulting Inc., has acquired the primary technology assets of Commodity Hedgers, Inc. RenRe described the co

Best Affirms White Mountains and Subsidiaries Ratings

A.M. Best Co. has affirmed the financial strength ratings (FSR) and issuer credit ratings (ICR) of selected subsidiaries of the Bermuda-based White Mountains Insurance Group, Ltd., including the FSRs

IAG increases Stake in Malaysian General Insurer AmAssurance

Insurance Australia Group Limited announced that it is increasing its interest in the general insurance business of AmAssurance, its joint venture in Malaysia, from 30 percent to 49 percent, and at th

AIG Agrees to Sell Private Bank to Dubai’s Aabar Investments PJSC

American International Group has announced an agreement to sell AIG Private Bank Ltd., a wholly-owned subsidiary of AIG, to Aabar Investments PJSC, a global investment company based in Abu Dhabi. T

New Willis UK Community Broker Network Signs Up First 10 Members

Willis Group Holdings announced that 10 members have joined Willis N², its new partnership with independent, community insurance brokers in the UK, since the network was launched six months ago. Wi