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.
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 23rd 2010. While much of the healthcare law has yet to impact the US Healthcare landscape, what has gone into effect on Thursday 23rd are important consumer protection laws known as the Patient's Bill of…
The takeover bid by the National Australian Bank (NAB) for AXA Asia Pacific Holdings (AXA APH) has been rejected by the Australian Competition and Consumer Commission (ACCC) on the grounds of insufficient certainty that the proposed undertakings offered by the parties satisfy its competition concerns.
An unintended side effect of some provisions in the Obama administration's new healthcare plan has the potential to prevent public and private universities in the US from offering certain types of health insurance to their students, including international students.
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.
Allianz SE, the holding company of the German insurer Allianz Group, is strategically aiming to drive their business growth by targeting the insurance markets of China and India, boosted by revenue generated by the sale of both life and non-life insurance products.
CaliforniaChoice, a health insurance exchange that is a product of CHOICE Administrators, announced that it has become the first health insurance exchange in the United States to reach 20 million member-months. Health insurance exchanges offer consumers an easy way to compare costs and benefit options across a variety of health insurance products from insurers participating…
Blue Cross Blue Shield of Massachusetts (BCBSMA) has chosen Andrew Dreyfus to become the new president and chief executive starting on 07 September 2010. Boston-based BCBSMA, which is the largest health insurer in the state, had been led by William C. Van Faasen as interim CEO, after the resignation of Cleve L. Killingsworth in March 2010.
Allianz Global Automotive and Volkswagen Financial Services have recently signed a letter of intent which will see the two companies agree to continue collaborating and strategically expand their 60 year old successful partnership.
ANZ, the New Zealand-based banking giant, has recently announced its plans to launch the new brand OnePath to market their specialist fund management and life insurance businesses, currently under the ING brand, in both Australia and New Zealand.
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