New Jersey’s insurance commissioner says his state’s recent agreement, calling for cooperation and coordination with the United Kingdom’s Financial Services Authority, may be at the forefront of a trend toward collaborative deals on regulation.

American International Group said it plans to adhere to the original terms of a deal where it would sell its American International Assurance Co. (AIA) unit to Prudential plc for $35.5 billion and not renegotiate a price.

With millions facing delays in air travel due to a volcanic eruption in Iceland, the industry is treating claims by stranded travelers as weather-related incidents.

The parent company of Old Mutual Life Insurance Co. and its subsidiary, OM Financial Life Insurance Co. of New York, said today (March 11) it is considering selling off both companies.

Risk and reinsurance specialist Guy Carpenter & Co. announced an agreement to buy all the shares of United Kingdom-based reinsurance broker Rattner Mackenzie Limited from HCC Insurance Holdings Inc.

In Canada and the United Kingdom, government-controlled health care has resulted in long waits and denied care for routine procedures. Two members of Congress are trying to prevent the same …  Read →