Industry News
IBM Contributes Technology Assets to Help Drive Standards in Insurance Industry ARMONK, N.Y. - 04 Nov 2009: IBM (NYSE: IBM) today announced it is donating technology assets including its Insurance Application Architecture (IAA) Business Object/Data Model and the IAA Product Specification Diagram (PSD) Notation to help promote insurance industry standards. These technology assets that are built combining IBM hardware, software and research will be donated to the Association for Cooperative Operations Research and Development (ACORD), a leading non-profit standards development organization serving the insurance and financial services industries.
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NAIC PROPOSES REINSURANCE REGULATORY MODERNIZATION ACT OF 2009 NATIONAL HARBOR, MD (Sept. 23, 2009) — The National Association of Insurance Commissioners' (NAIC) Government Relations Leadership Council (GRLC) has approved for submission to Congress the Reinsurance Regulatory Modernization Act of 2009, a proposed federal bill that would modernize the regulation of reinsurance by the states.
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Annuity & Life Re Closes Amalgamation HAMILTON, BERMUDA--(Marketwire - September 25, 2009) - Annuity and Life Re (Holdings), Ltd. (PINKSHEETS: ANNRF) today announced that it has closed on the amalgamation with Pope Ltd. The company will continue under the name Annuity and Life Re (Holdings), Ltd. The new officers of the company are William Wells, President and Casey McCandless, Executive Vice President.
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