Hartford might split apart with sale of property-casualty unit
IFAwebnews.com reports that The Hartford is seeking suitors for its property-casualty unit, which could signal a break up of the company. Hartford might split apart with sale of property-casualty unit...
View ArticleNew York Life selling Asian units to ACE for $425 million
New York Life Insurance Co. signed an agreement to sell to ACE Group its wholly-owned life insurance operations in Hong Kong and South Korea for about $425 million in cash. The transaction, requiring...
View ArticleACE buys Mexico insurer, helping GM repay federal bailout funds
ACE Group is buying the Mexican insurance business of Ally Financial, formerly known as GMAC, to help parent firm General Motors repay part of its federal government bailout. ACE Group’s U.S....
View ArticleACE introduces passenger accident coverage for motor carriers
ACE Group has introduced standalone passenger accident insurance that provides accidental death and dismemberment and accident medical/dental expense benefits for authorized passengers who are injured...
View ArticleEbola and insurance: A complicated mixture
Multinational corporations and nongovernmental organizations that operate at the epicenter of the Ebola epidemic in West Africa as well as U.S. health care facilities are scrambling to make sure they...
View ArticleACE names leadership after acquisition of Chubb completed
ACE Limited announced the leadership teams it intends to appoint for the company’s North American business units following the expected completion of the firm’s acquisition of Chubb in the first...
View ArticleLayoffs said to be in works at ACE office in Virginia
Word of layoffs came Wednesday morning at ACE Insurance in Salem, Va., according to a report from WDBJ7-TV in Roanoke. People who were leaving the building around noon told WDBJ7 their jobs were...
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