The News Review:
- Fannie claim delays IndyMac deal
- Hanover Insurance Group completes sale of unit
- Warren Buffett’s Geico insurance unit names CF
- Sompo Japan Insurance May Become Holding Company Nikkei Says
- Auto insurance option now mandatory
- Insurance Investors Must Do Homework
Fannie claim delays IndyMac deal
CNNMoney.com
com) — The Federal Deposit Insurance Corp. announced Friday that it had struck a deal to sell failed mortgage lender IndyMac to a group of private investment firms for $13. The buyers include buyout specialist J.
Hanover Insurance Group completes sale of unit
Forbes NY
said Friday it completed the previously announced sale of its remaining run-off life insurance business. Run-off is a scenario in which an insurance firm no longer writes new premiums and instead only generates revenue on already written business.
Warren Buffett’s Geico insurance unit names CF
Forbes NY
said Friday that Mike Campbell was elected chief financial officer and senior vice president. The appointment takes effect Saturday.
Related from Vervemed: Unbound Energy Teams With Geico Powersports/Honda For 2009
Sompo Japan Insurance May Become Holding Company Nikkei Says
Bloomberg
31 (Bloomberg) — Sompo Japan Insurance Inc. maychange its corporate structure to a holding company as early as2010 to expand its life insurance and asset managementbusinesses Nikkei English News reported without citing anyone. Sompo Japan wants to build those units as a holding companyto compete with Tokio Marine Holdings Inc. and Mitsui SumitomoInsurance Group Holdings Inc. Japan?s largest casualty insurersNikkei reported.
Auto insurance option now mandatory
Asheville Citizen-Times NC
com”;Auto insurance option now mandatory | CITIZEN-TIMES. com | Asheville Citizen-Times.
Insurance Investors Must Do Homework
Wall Street Journal
Not so their investors. The DJ Global Europe Insurance index halved in 2008.