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Duck Creek Technologies, Inc. (Duck Creek), a leading provider of software and services for the insurance industry, today announced that Terry Kelaher has joined its board of directors effective in November, 2009....

A.M. Best Co. has affirmed the financial strength rating (FSR) of A+ (Superior) and issuer credit ratings (ICR) of ?aa-? of Allstate Insurance Group (Allstate) and its members. Additionally, A.M. Best has affirmed the ICR of ?a-? and debt ratings...

Conseco Inc. said Wilton Reassurance Co. will pay a $45 million ceding commission to coinsure 50% of a block of policies written by Conseco's Bankers Life and Casualty Company subsidiary. This is the second time this year Conseco has...

Picksthatmove.com Alerts include Conseco, Inc. (NYSE: CNO); NRG Energy (NYSE: NRG); Northrop Grumman Corporation (NYSE:NOC); Pfizer Inc. (NYSE: PFE); Aegean Marine Petroleum Network Inc. (NYSE: ANW) and Boston Scientific Corporation (NYSE: BSX)...

The AMBG closed Thursday, Nov. 19 at 801.50 (-1.73%). All 15 A.M. Best stock indexes declined. Leading A.M. Best's Global Insurance Composite Index (AMBG) was CRM Holdings (+5.71%). Trailing the list of global insurance stocks was NYMagic...

Conseco, Inc. (NYSE: CNO) today announced a new agreement under which its Bankers Life and Casualty Company subsidiary ("Bankers Life") will coinsure, with an effective date of October 1, 2009, about 237,000 life insurance policies with Wilton...

Three foreign insurers in the eastern Chinese port city of Tianjin expanded registered capital by a total of CNY 559.4 million in the second half of this year, according to statistics by the State Administration of Foreign Exchange....

China's insurance protection fund has decided to sell a 38.815 percent stake in New China Life Insurance Co., Ltd. to China SAFE Investments Ltd., said sources. The price is CNY 8.7 per share, compared to the fund's cost of CNY 5.99...

South Africa based insurer Sanlam, which has a 26 percent stake in Shriram Life Insurance Co. Ltd. is evaluating the markets of South East Asia and Nigeria for seeking insurance licenses after posting an impressive performance in India. The...

MetLife Inc. is paying $50 million to settle two class-action lawsuits based on its conversion from a mutual to a publicly traded stock company nearly a decade ago. In a statement about the demutualization suits, MetLife, the largest...

New York legislators approved legislation to protect consumers against stranger-originated life insurance transactions. If Gov. David A. Paterson signs S.66009/A.40009, New York will become the 27th state to adopt an anti-STOLI law. The...

American Safety Insurance Holdings, Ltd. (NYSE: ASI) announced today that Stephen R. Crim, President and Chief Executive Officer, and Mark W. Haushill, Chief Financial Officer, will present at the Friedman Billings Ramsey...

A.M. Best Co. has affirmed the financial strength rating (FSR) of A+ (Superior) and issuer credit ratings (ICR) of "aa-" of Allstate Insurance Group (Allstate) and its members. Additionally, A.M. Best has affirmed the ICR of...

The country's six biggest nonlife insurers announced Thursday large year-on-year increases in their after-tax profits for the April-September period partly due to the smaller-than-usual incidence of natural disasters. However, according...

United Security Bancshares, Inc. (Nasdaq: USBI) announced today that the Board of Directors declared a quarterly cash dividend of $0.11 per share. The dividend is payable on January 4, 2010, to shareholders of record on December 11, 2009....

A.M. Best Co. has assigned a financial strength rating of A+ (Superior) and issuer credit rating of ?aa-? to Queen?s Island Insurance Company, Ltd. (Queen?s Island) (Hamilton, Bermuda). The outlook assigned to both ratings is stable....

ULLICO Inc. ("the Company"), the labor owned multi-line holding company offering insurance and financial products and services, today reported pre-tax operating income of $3.3 million for the current quarter ended September 30, 2009, compared to...

A.M. Best Co. has assigned a financial strength rating of A+ (Superior) and issuer credit rating of "aa-" to Queen's Island Insurance Company, Ltd. (Queen's Island) (Hamilton, Bermuda). The outlook assigned to both ratings is...

XL Insurance has acquired the underwriting and claims team of Unicorn Underwriting Limited, a UK-based underwriting agency focused on bloodstock underwriting, property underwriting and crime insurance underwriting. XL Insurance, the...