Switzerland based insurer ACE and its local partner have inked a deal to acquire PT Asuransi Jaya Proteksi in Indonesia for nearly $130m in cash. Commenting on the Indonesian acquisition, ACE vice chairman and chief operating officer John ...
Tags: insurer, ACE, PT Asuransi Jaya Proteksi, life insurance
ACE USA, the retail operating division of property and casualty insurer ACE Group, has appointed Kelley Kinsella as the new senior vice president & regional executive officer for its Midwest Region. Delivering highly responsive services ...
Tags: ACE USA, casualty insurer, ACE Group, Kelley Kinsella
Fairfax Financial Holdings’ RiverStone runoff subsidiary has signed an agreement with Brit Group to buy all the outstanding shares of Brit Insurance Limited (BIL) of London, England for an undisclosed sum. According to the insurer, ...
Tags: Fairfax, subsidiary, BIL, London
Donegal Insurance Group has selected Valen Technologies' InsureRight product as a predictive analytics solutions for workers' compensation insurers. Valen CEO Dax Craig said: "InsureRight will help Donegal's underwriters make more ...
Tags: Donegal Insurance Group, workers'compensation, InsureRight
ACE will soon inaugurate a new office in Aberdeen before the end of 2012 as part of its continued strategy to enhance service for UK regional brokers and clients. According to the underwriter, the branch will be ACE's 12th in its UK and ...
Tags: ACE, insurance business
Arthur J. Gallagher & Co. (AJG), an insurance brokerage and risk management services firm, has acquired Alabama-based Whitehaven Insurance Group for an undisclosed amount. AJG chairman, president and CEO J. Patrick Gallagher said, "Their ...
Tags: Arthur J.Gallagher&Co., insurance brokerage, risk management services
Flexpoint Ford has inked a definitive agreement to acquire GeoVera Insurance Group Holdings, from affiliates of Hellman & Friedman and Friedman Fleischer & Lowe for an undisclosed amount. The acquisistion deal is anticipated to complete ...
Tags: Flexpoint Ford, GeoVera Insurance, property and casualty
Property and casualty insurance solution provider Guidewire Software has reported that its total revenues for the third quarter of 2012 stood at $57m, up by 28% compared to the revenues earned in the same period last fiscal. For the third ...
Aspen Insurance has named Richard Aldorisio as executive vice president of casualty insurance unit, which now includes excess and primary casualty, with effective from 4 September 2012. Having 30 years of underwriting and management ...
Tags: Aspen Insurance, Richard Aldorisio, casualty insurance unit
Mitsui Sumitomo at Lloyd’s, a part of the MS&AD Group has appointed two senior underwriters, in a bid to leverage and increase its international liability insurance market share. The company has appointed Peter Graham, a former ...
Tags: Mitsui Sumitomo, senior underwriter, liability insurance, insurance
Insurance information-services company ICEX has launched the first cross-claims data exchange, Claimcatcher, to help reduce overpayments related to medical and injury claims for property & casualty (P&C) and health insurers. ICEX CEO ...
Tags: ICEX, health insurance, property insurance, casualty insurance
Nationwide Mutual Insurance will implement Guidewire PolicyCenter as its underwriting and policy administration system and Guidewire BillingCenter for its property and casualty insurance lines. The upgradation of its underwriting, policy ...
Tags: Mutual Insurance, Guidewire PolicyCenter, property insurance
The MGIS Companies (MGIS) has announced the sale of medical-professional liability insurance retail brokerage unit, MGIS Property & Casualty Insurance Services (MGIS P&C) in an effort to focus on its specialised insurance underwriting and ...
Tags: MGIS, medical professional liability insurance, liability insurance
Property and casualty underwriter Fremont Insurance has named Christopher Clinton as vice president of commercial lines and product development. Clinton has 26 years of experience of handling agency management, sales and marketing at both ...
Tags: Fremont Insurance, Property insurance, casualty insurance
ACE has appointed Jeff Hobson as branch manager of its Leeds office, in a move to further strengthen its regional management team within its UK and Ireland region. The commercial line insurer said that Jeff's appointment takes place with ...
Tags: ACE, Jeff Hobson, regional management, insurance