The newly appointed CEO of Willis Mexico, Hilaire Damiron, believes the insurance market is poised for growth in the coming years, despite the many problems the country currently faces. Among the many maladies compounding the current situation in Mexico are; the detrimental impact to the economy by the global financial crisis, a flu pandemic, a drug war and natural disasters, including several hurricanes that have caused extensive damage to important highways and rail-road links.

RSA, the parent company of Royal & Sun Alliance, has recently acquired GCAN Insurance from the Ontario Teachers' Pension Plan Board in a cash deal worth US$420 million (EUR 303 million). With this acquisition, RSA effectively expands its foothold in the Canadian commercial insurance sector.

With the African National Congress (ANC) in South Africa, preparing to institute a National Health Insurance (NHI) program in the next few years, South African government health officials are set to meet with their UK counterparts to learn from their experiences. The African National Congress released some of the details of their proposal for a National Health Insurance scheme towards the end…

American International Group Inc. (AIG) has recently announced it has reached an agreement with the US Government to repay the billions of US dollars it received during the credit crisis back in September 2008. The repayment plan could even return a profit to US taxpayers.

Aviva has instituted a handful of changes to their international private medical insurance products, ranging from adjustments in applications and claims handling processes to minor changes to group policies. Aviva said it has introduced the adjustments, which are part of a larger package of improvements, to their offerings in order to make it easier for intermediaries to do business with them. One…

Liberty Mutual Group, based in the US state of Massachusetts, has announced the postponement of the initial public offering (IPO) of Liberty Mutual Agency Corp. (LMAC), citing the lacklustre demand from investors and the uncertain state of the US economy as main causes. Not so long ago it was heralded as the biggest IPO of 2010 in the US, Liberty Mutual Group had initially sought to raise almost US$1.3 billion (EUR 956 million) by selling 64.3 million Class A LMAC shares at an initial price of between US$18 (EUR 13.5) and US$20 (EUR 15) per share.

Allied World Assurance Company Holdings, Ltd. has established a healthcare division through its European operation, Allied World Europe, to sell health insurance solutions in European Markets. Allied World Assurance, which offers property, casualty and specialty insurance and reinsurance solutions as well as a growing international health insurance unit, intends to use the new European health…

The Dubai Health Authority (DHA) was not only the Diamond Sponsor of the 3^rd Annual World Medical Tourism and Global Health Congress, which ran from September 22-24, 2010 in Los Angeles, but also walked away from the convention with a Mission of Understanding with the Medical Tourism Association. The Mission of Understanding (MoU) will see the Dubai Health Authority and the Medical Tourism…

After the passage of the Affordable Care Act six months ago in the United States, the first raft of new healthcare rules have come into effect, as of Thursday, September 23^rd 2010. While much of the healthcare law has yet to impact the US Healthcare landscape, what has gone into effect on Thursday 23^rd are important consumer protection laws known as the Patient's Bill of…

American International Group Inc. (AIG) has recently been given approval to list its Asian life insurance unit, American International Assurance Group Ltd. (AIA), on the Hong Kong Stock Exchange, as per initial plans announced earlier this year by mid-July 2010. Additionally, AIG has released the estimated annual operating profit of AIA, which should reach at least US$2 billion (EUR 1.5 billion) by the end of the fiscal year ending 30 November 2010.