IAG announced this morning it has entered into an agreement to buy troubled New Zealand insurer AMI for $NZ380 million ($288 million). The acquisition excludes all liabilities relating to the earthquakes which have affected the Canterbury region. It will be funded from internal resources. CEO Mike Wilkins says the acquisition is an important further step [...]

Condo complexes in Dallas have their own insurance master policy, and are either the Bare walls-in or All-in policy. The bare walls-in policy covers all of the condo complex’s property from the exterior framing inwards. Bare walls-in policy does not include the installation as well as the fixtures of a condo unit. The all-in policy [...]

Starr Companies has named Ed Navarro as head of its international insurance operations. In his new role, Navarro will drive Starr’s expansion for all areas outside of the US. Navarro will be supported by Steve Blakey who will also continue to lead the organization’s operation in London as well as continue to lead the Global [...]

The U.S. State Department has issued a new travel alert warning citizens residing in or traveling to the South Pacific about the ongoing threat of tropical cyclones affecting the area. The South Pacific Tropical Cyclone Season begins November 1st and ends April 30 and travelers to the region should monitor local weather reports and take [...]

DST Insurance Solutions has introduced a new InPayce Payout solution to service a range of payout models. The solution was developed to support life, annuity, and mutual fund product providers needing user-friendly systems to track, distribute, and service the various income streams associated with existing and new guaranteed retirement income products. DST InPayce Payout has [...]