A New York, N.Y.-based international underwriter combined three of its business units into one platform for a “stronger” nationwide professional lines presence.

HCC Insurance Holdings said that its subsidiary, Perico Life Insurance Co., combined its operations with HCC Life Insurance Co.

If New York Gov. Andrew Coumo has his way, the state’s banking and insurance regulators will be combined and have slightly more money to work collectively than they have separately.

New York’s new governor wants to merge the state’s banking and insurance departments, arguing that the streamlining would save money and prevent activity from “falling between the cracks of our regulatory agencies.”

Conseco plans to consolidate two of its insurance subsidiaries into a third one, Washington National Insurance Co., as a means of raising capital and its consolidated risk-based capital ratio.

Jim …  Read →

New York-based MetLife, one of the nation’s largest insurers, plans to realign its institutional and individual businesses, as well as its Auto & Home unit, under one organization.

Officials with the …  Read →