GEICO has promoted its assistant vice president Rick Hoagland as vice president of claims, who will replace Nancy Pierce, recently appointed regional vice president in GEICO's Fredericksburg, Virginia office. Nancy Pierce was recently ...
Tags: GEICO, Rick Hoagland, GEICO's Fredericksburg, executive assistant program
American International Group (AIG) has reported 27% rise in net income attributable to AIG, which was $2.3bn for the second quarter of 2012, compared to $1.8bn during the same period last fiscal. For the latest quarter period, the ...
Tags: American International Group, net income, operating income
Japan's property/casualty insurer SBI Insurance has deployed Guidewire Software's InsuranceSuite service for underwriting, policy administration, billing and claims management. The new solution will be implemented by SBI Insurance for its ...
Tags: SBI Insurance, property insurer, casualty insurer, InsuranceSuite service
Global professional services company Towers Watson has named Christof Bentele and Chris Holt to lead its new Crisis Management team, marking its foray into crisis management market. The new team has been designed to develop expertise in ...
Tags: Towers Watson, Christof Bentele, Chris Holt, Crisis Management team
US-based MetLife has reported a net income of $2.26bn, or $2.12 per share, for the second quarter of 2012, compared to $1.06bn, or $1 per share, for the same period in 2011. The total operating revenues for the second quarter of 2012 rose ...
Tags: MetLife, net income, operating revenues, operating earnings
Chaucer Syndicate 1084 has introduced a new marine product intended for vessel owners and operators in the offshore renewable energy sector. According to InsuranceTimes.co.uk, the product will be unveiled at the upcoming Seaworks ...
Tags: Chaucer Syndicate 1084, marine product, marine insurance, insurance
European Network and Information Security Agency (ENISA) has advocated to impose mandatory cyber insurance for firms and urged insurance firms to develop related schemes, which will assist them to save reputational damage. The agency in ...
Tags: ENISA, mandatory insurance, CSO
Chinese Kerry Logistics has ventured into insurance business through the acquisition of Taishan Insurance Brokers (TIB), which provides a comprehensive suite of insurance brokerage and consultancy services in Asia. Chinese Kerry Logistics ...
Tags: Kerry, Taishan Insurance, Chinese underwriting business
UK's HSBC Holdings has geared up to dispose its Vietnamese insurance business with an anticipated price of $400m, as part of its strategy to exit non-core operations worlwide. A source close to the potential deal told Reuters that HSBC ...
Medmarc Life Sciences has appointed Cathie Speakman to the underwriting team and will be located in Northern California to assist brokers and policyholders. In her new role, Speakman will be dedicated to servicing California, Oregon, and ...
Kemper Corporation has reported that its net income for the first quarter of current fiscal declined by 17.6% to $43.6m, or $0.73 per share, compared to a net income of $51.5m, or $0.85 per share during the same quarter a year ago. ...
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
Manchester Underwriting Management (MUM), a broker-only managing general agent, is to enter the international market as a part of the company's plan for expansion and will report to chief executive Charles Manchester. Headed by David ...
Tags: MUM, new division, London
The Ohio based underwriter Buckeye Insurance has added EagleEye solution to help insurer increase competitiveness in the auto insurance market. The solution provider EagleEye Analytics said that the offering will enable the firm to ...
Tags: Buckeye Insurance, EagleEye solution, EagleEye Analytics, auto insurance