Zurich Insurance Co. Ltd., a subsidiary of Zurich Financial Services AG, the Swiss insurer, has announced the acquisition of Compagnie Libanaise D'Assurances (CLA), a privately-owned Lebanese insurance company founded in 1951 that has branches in the United Arab Emirates, Kuwait and Oman.

Australia-based QBE has recently announced the acquisition of Seattle Specialty Insurance Services Inc., through its US-based subsidiary Sterling National Corporation. With headquarters in Everett, Washington since 1992, Seattle Specialty Insurance Services has been providing insurance services to financial institutions, and will operate as a wholly-owned subsidiary of Sterling National.

Perils AG, an insurance industry initiative which aims to improve the availability of catastrophe insurance market data, has released a loss index suggesting that the latest US$63.25 million (EUR 50 million) reinsurance transaction between Allianz Risk Transfer and Munich Re, for coverage of European wind risk, has contributed to the US$250 million (EUR 198 million) total placements of insurance transactions during the first six months of 2010. The deal between Allianz Risk Transfer and Munich RE was brokered by Willis Re, a leading reinsurance broker.

International private medical insurance company, HCC Medical Insurance Services (HCCMIS), has recently contracted CMN Inc. to handle administration for healthcare provider networks. By using CMN's services as a Third Party Administrator (TPA), HCC Medical Insurance Services seeks to add to the resources and services…

Prudential plc has announced a partnership with United Overseas Bank (UOB) in Singapore to distribute Prudential's insurance products through United Overseas Bank's retail network. The deal entails that in addition to the partnership, Prudential will also buy UOB Life Assurance in Singapore for S$428 million . The bancassurance partnership…