Monthly Archives: November 2010

One of the health carriers we sell at Mountain Insurance Brokers announced a change in leadership. CEO Ronald Williams will retire next spring, and company President Mark Bertolini will take over starting next month. Aetna says the 54-year-old Bertolini will become CEO and be named to the board effective November 29. The 60-year-old Williams will […]

Employment in the U.S. insurance industry continued to drop, slipping by 1,400 jobs in October following adjusted September numbers showing a worse than previously determined loss of 6,000 jobs nationwide. The October employment report released by the U.S. Bureau of Labor Statistics showed a gain of 159,000 private-sector jobs in October, though the unemployment rate […]

Here is an article that deals directly with the stimulus package the Obama administration has developed. This was e-mailed to me this morning from the Associated Press. American International Group Inc., one of the largest recipients of government aid during the financial crisis, reported a $2.4 billion loss due to restructuring charges Friday as the […]

Mountain Insurance brokers just recieved news that American International Group  closed the deal to sell its foreign unit American Life Insurance Company to MetLife for $16.2 billion in cash and MetLife shares. The MetLife securities will be sold over time, subject to certain lock-up provisions and market conditions, to provide additional funds to repay the […]