Subject Root Tag

Insurance broker Willis Group Holdings announced the retirement of Grahame J. Millwater, who currently serves as president of Willis Group Holdings and chairman & CEO of Willis Global. Millwater, who joined Willis as part of its graduate program in 1985 and was appointed president of Willis Group in 2008, has served the company in many roles of increasing responsibility.

Tokio Marine Holdings Inc. (TMHD) will acquire all outstanding shares of Delphi Financial Group Inc., a financial services holding company comprised of specialty life and P&C insurance and insurance-related businesses. The transaction is for $43.875 per Class A share and $52.875 per Class B share in cash, through TMHD's wholly owned subsidiary, Tokio Marine & Nichido Fire Insurance Co. Ltd. (TMNF). In addition, Delphi shareholders will receive $1 in cash per share, pursuant to a one-time special dividend from Delphi for each share of Class A and Class B stock they own. The total transaction value is around $2.7 billion and is expected to close in the second quarter of 2012.

A call for the revision of a federal law, which allows risk retention groups (RRG) to operate nationally when licensed in a single state, has been lodged by National Risk Retention Association General Counsel Robert Myers, Jr.

Aon Corporation has agreed to pay the Department of Justice (DOJ) and Securities Exchange Commission (SEC) approximately $16.3 million as part of a settlement related to charges of foreign bribery.

Insurers are skeptical about the cloud, but new developments could lend hope to a secure future.

Priority Data has added four township mutual partners in Minnesota. In October, Priority Data launched Farm and Home quoting for North Branch Mutual. The company says it also has signed agreements with Sverdrup Mutual, Madelia-Lake Crystal Mutual, and Has San Lake Mutual to launch quoting, rating and underwriting solutions in the first quarter of 2012.

David Woods, former NAIFA CEO, discusses the virtues of learned lessons and the flaws of asking for perfection.INN is pleased to present, with permission, this video from the Wealth Channel, an online resource for financial services professionals.

The industry's struggle to assess and implement the right technologies at the right time.

With the stroke of a pen on Saturday, President Obama signed a continuing resolution that bought the troubled National Flood Insurance Program (NFIP) another week of funding.

As IT budgets begin to recover, storage and file recovery are hot items.

As the rulemaking phase of the Dodd-Frank Act continues, insurers are looking to shape the rules to determine which companies constitute a systemic risk to the larger economy.

Farmers Insurance was recognized for its claims handling system, which is driven by Pega technology from Pegasystems Inc., a Business Process Management (BPM) and customer centricity software company. The Workflow Management Coalition (WfMC) awarded Farmers a Silver Award as part of its 18th Annual Global Awards for Excellence in Business Process Management and Workflow.

Regardless of external factors, companies engaging in M&A activity generally outperform the Global MSCI Index by 2.9 percent based on year-to-date statistics from 2011.

The insurance industry experienced decent top-line growth, fairly resilient margins and increased capital management in 2011. Keefe, Bruyette & Woods expects it to continue into 2012 and stocks will be traded more in line with fundamentals next year.

New survey shows savings from cloud computing are barely making a dent in corporate IT budgets. Is it time to rethink the approach?

GlobalOptions will serve as the Special Investigations Unit (SIU) provider to Argo Group US Inc., an international underwriter of specialty insurance and reinsurance products to P&C markets, and its subsidiaries.

JEVCO Insurance Co., a specialty insurer, is in production with ClaimCenter, the claims management solution from Guidewire Software, a provider of core system software to P&C insurers.

Talend, an open-source software company, says BF&M Insurance, a Bermuda insurance group, has added ESB Enterprise Edition to its portfolio of Talend integration solutions.

Agencyport Software (formerly Sword Insurance), a provider of software and services to the global insurance and reinsurance industries, has released the latest version of its automated solution for migrating entire books of business, BookSmart 2.3.

EagleEye Analytics Inc., a provider of predictive analytics solutions to the insurance industry, has appointed Roger Burkhardt as president and CEO. EagleEye says that, after successfully establishing itself in the market, the company now is launching into the next phase of growth and bringing in a proven CEO to lead this effort.