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Insurance out at Wachovia? As Wachovia Corp. mulls the sale of “non-core” assets to raise capital, employees inside the bank's insurance unit are wondering if that business could be on the block. Insurance companies "on-call," prepare for Gustav As Tropical Storm Gustav spun toward the Gulf of Mexico Thursday, insurance companies were ready to send adjusters and appraisers to assess damage from the storm if it does make landfall in the United States. NIIT adopts non-linear platform to transform business Bangalore, Aug 28 : After doubling of revenue since it separated in 2004, Software solutions major NIIT, is now scouting newer markets and adopting non-linear business model of building capabilities in insurance, travel and transport. CastlePoint Reinsurance to acquire Hermitage Insurance Group Tower Group, a provider of property and casualty insurance products and services, and CastlePoint Holdings, a provider of insurance solutions, have announced that CastlePoint Reinsurance Company, a Bermuda-based subsidiary of CastlePoint, has entered into a definitive agreement to acquire Hermitage Insurance Group. Trigold improves insurance proposition Trigold has upgraded its insurance proposition allowing advisers to write more insurance business. ... Hartford Investment Management Company Names Greg McGreevey Chief Investment Officer For Insurance Portfolios Hartford Investment Management Company, a subsidiary of The Hartford Financial Services Group, Inc. NYSE: HIG, today announced that Greg McGreevey was named chief investment officer for insurance portfolios. He joined the firm on August 25 from ING Investment Management and reports to David Znamierowski, president of Hartford Investment Management Company. A.M. Best Affirms Ratings of Scotia Insurance (Barbados) Limited A.M. Best Co. has affirmed the financial strength rating of A Excellent and issuer credit rating ICR of "a" of Scotia Insurance Barbados Limited Scotia Barbados. The outlook for both ratings is stable. A.M. Best Affirms Ratings of Fairfield Insurance Company A.M. Best Co. has affirmed the financial strength rating FSR of A+ Superior and issuer credit rating ICR of "aa-" of Fairfield Insurance Company Stamford, CT. The outlook for all ratings is stable. A.M. Best Affirms Ratings of QBE Insurance Group Limited A.M. Best Co. has affirmed the financial strength rating of A Excellent and issuer credit rating ICR of "a+" of QBE Insurance Europe Limited QBE Europe United Kingdom, QBE Insurance International Limited QBE Intl Australia and QBE Reinsurance Europe Limited QBE Re Ireland. These companies are regarded as key operating subsidiaries of QBE Insurance Group Limited QBE ... Fitch Rates Golden Gate Captive Insurance Company's $800MM Notes 'AA' Fitch Ratings has assigned an 'AA' rating to Golden Gate Captive Insurance Company's Golden Gate $800,000,000 Series A floating-rate surplus notes the surplus notes due 2037. Health insurance group spent $1.9M lobbying in 2Q America's Health Insurance Plans, the trade group that represents the health insurance industry, spent nearly $1.9 million lobbying the federal government in the second quarter. Endurance President and Chief Executive Officer of Worldwide Insurance Operations to Speak at the Keefe, Bruyette & ... PEMBROKE, Bermuda----Endurance Specialty Holdings Ltd., a Bermuda-based provider of property and casualty insurance and reinsurance, today announced that Michael P. Fujii, President and Chief Executive Officer, Worldwide Insurance Operations is scheduled to present at the Keefe, Bruyette & Woods 2008 Insurance Conference in New York. Sector Wrap: Insurance stocks rise Shares of insurance companies rose Wednesday, along with the broader market, after a better-than-expected report on durable goods orders alleviated some of investors' concerns about the economy. Reinsurance Group of America's President & CEO to Speak at Keefe, Bruyette & Woods Insurance Conference ST. LOUIS----A. Greig Woodring, President and Chief Executive Officer of Reinsurance Group of America, Incorporated , will present at the 2008 Keefe, Bruyette & Woods Insurance Conference on Thursday, September 4, at approximately 1:20 p.m. . A.M. Best Revises Outlook to Stable for Western General Insurance Company OLDWICK, N.J.----A.M. Best Co. has revised the outlook to stable from positive and affirmed the financial strength rating of B++ and issuer credit rating of "bbb+" of Western General Insurance Company . Indiana Farm Bureau Insurance supports Rush County 4-H INDIANAPOLIS — Indiana Farm Bureau Insurance contributed to the Champion 4-H Hampshire Barrow shown by Courtney Hoeing, Rush County, at the Indiana State Fair 4-H Sale of Champions on Aug. 13. BUSINESS BRIEFS Fannie moves Fannie Mae CFO Ste phen Swad will leave and be replaced by David Hisey, the company said. Chief Business Officer Robert Levin will retire and be replaced by Peter Niculescu. Chief Risk Offi cer Enrico Dallavecchia will also leave and... |