INVESTEC, the specialist banking group, planned to sell the short-term insurance businesses of Investec Private Bank to leading South African short-term insurer Santam, the companies said on Friday.

A.M. Best Co. has placed the financial strength rating of B (Fair) and issuer credit rating of "bb" of Business Alliance Insurance Company (BAIC) (San Bruno, CA) under review with positive implications.

On July 30, a delegation from REA, the Rhinelander teacher’s union, packed into a room where the school board was scheduled to vote on the district’s plan to change it employees’ insurance carrier. Earlier that day, Fred Andrist of Northern Tier Uni

In a meeting with investors this week, Wachovia Corp. chief executive Bob Steel remained vague on plans to shed “non-core assets” but didn't rule out the possible sale of the company's insurance business, according to an analyst report today.

Prudential Financial, Inc.'s (NYSE:PRU) Group Insurance business announced today the opening of its new office at 2 Portland Square, Portland, Maine and welcomed dignitaries and special guests during its official ribbon-cutting ceremony.