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General Insurance

Commonwealth Bank to divest Australian and NZ life businesses to AIA for $3.8bn Commonwealth Bank of Australia has agreed to sell 100% of its life insurance businesses – CommInsure Life in Australia and Sovereign in New Zealand – to AIA Group for $3.8bn. Life Insurance & Pensions > News

Latest General Insurance News by Sector

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Commercial Lines

Bar Harbor Bankshares to divest McCrillis & Eldredge Insurance
Bar Harbor Bankshares has signed a definitive agreement with Cross Insurance to sell their insurance subsidiary, McCrillis & Eldredge Insurance, a family owned and operated company headquartered in Bangor, Maine.
News
MS&AD to acquire 15% stake in ReAssure for £800m
By IBR Staff Writer
MS&AD Insurance Group Holdings of Japan has agreed to acquire an initial 5% stake in ReAssure, a UK closed life book consolidator of Swiss Re Life Capital, for £175m as part of its £800m investment for acquiring 15% shareholding in ReAssure.
General Insurance > Commercial lines > News

Claims

Charles Taylor buys third party claims administrator Metro Risk Management
By IBR Staff Writer
UK-based Charles Taylor has purchased a Southern California-based third party claims administrator (TPA) Metro Risk Management (MRM) from Nautilus International in an effort to widen its US workers compensation claims capabilities.
General Insurance > Claims > News
Davies Group purchases Claims Management Services
Insurance company Davies Group has acquired Claims Management Services (CMSL), a specialist casualty claims third party administrator.
General Insurance > Claims > News

Personal Lines

AIG plans to make changes to organizational structure
Global insurance organization American International Group (AIG) is planning to make changes to its organizational structure.
General Insurance > Personal Lines > News
Vero Insurance fails to get approval for Tower acquisition
The Commerce Commission did not grant approval to Vero Insurance New Zealand's proposal to acquire up to 100% of Tower.
General Insurance > Commercial lines > News

Insurer

Allianz Life names new assistant vice president of treasury
By IBR Staff Writer
Allianz Life Insurance Company of North America has named Sarah Schaus as the new assistant vice president of treasury.
Life Insurance & Pensions > News
Quinn Direct rebranded as Liberty Insurance
By IBR Staff Writer
Boston-based diversified insurer Liberty Mutual Group and Irish Bank have renamed Quinn-Direct Insurance as Liberty Insurance.
General Insurance > Commercial lines > News