Charles Taylor, a UK-based insurance service provider, has purchased KnowledgeCenter, a provider of business solutions to insurance industry, for an undisclosed amount. Formed in 2001, KnowledgeCenter provides business solutions to major ...
Tags: Charles Taylor, insurance
XL Group, an insurance and re-insurance company, has appointed Louise Dennerstahl as head of its International Professional insurance business in the UK. Dennerstahl previously worked with Zurich Insurance as CEO of the Nordic region. ...
The New York Department of Financial Services (DFS) has ordered Lloyd's of London to furnish the comprehensive details about the findings of its internal market investigation over the potential violations of the US sanction laws, while ...
India-based private cReliance Life is looking to ink a bancassurance pact to distribute its array of insurance products and services in the country as well as offer a minority 5%stake in the company. The underwriter is seeking a suitable ...
Tags: Reliance Life
VeriClaim, an operating subsidiary of T&H c, has acquired Property Claims Services (PCS) for an undisclosed amount to improve its loss adjusting presence in the south and central US. The acquisition will also expand property and casualty ...
Tags: VeriClaim
Canada-based Sun Life Financial has forayed into the Malaysian insurance market with the launch of a new joint venture between Khazanah Nasional and CIMB Group Holdings to offer services in the country. Sun Life Malaysia Assurance and Sun ...
Tags: Sun Life, Insurance Market
Allied World Assurance Holdings (Ireland) has reached an agreement with Gravity Underwriting (Gravity), to acquire its 21.2% stake, for an undisclosed sum. As per terms of the strategic alliance, Gravity will assist in business ...
Insurance technology provider Applied Systems has purchased UK-based Insurecom, for an undisclosed sum, with a strategy to boost its UK footprint. The acquired, which will operate as Applied Systems UK, had been serving as a business ...
Tags: Applied Systems, UK Operations
International specialty insurance and reinsurance products provider Lancashire Holdings has entered into a conditional agreement to acquire Cathedral Capital Limited, a privately owned Lloyd's insurer, in a deal worth £266m in cash. ...
Tags: Lancashire, Cathedral Capital
UK-based insurance brokerage firm Lark (Group) has acquired Hinchely Wood-based HMT Insurance Brokers from its founder and proprietor, Howard Thompson, for an undisclosed sum. The acquired company delivers insurance advice to businesses ...
Tags: Lark, HMT Insurance Brokers
Howden Broking Group has purchased a 25% shareholding in Chilean insurance broker, Patagonia Corredores de Seguros (PCS), for an undisclosed sum. Based in Santiago, PCS provides an array of property, energy, liability, construction, ...
Tags: Howden, Chilean Broker
Health insurer United Healthcare has decided to stop marketing of individual insurance policies in California after 2013 as it intends to concentrate on its core business of group plans for large and small employers. Commenting on the ...
Japan-based underwriter Meiji Yasuda Life Insurance is engaged in advance negotiations to acquire a 15% stake in Thai Life Insurance, for nearly $700m. People familiar with the matter were quoted by Reuters as saying that the proposed ...
Tags: Service, Insurance, Life Insurance
US-based health care benefits company Aetna is planning to stop issuing health care products to individual consumers in California at the end of 2013. The health insurer, which notified California's insurance regulator about its impending ...
Arthur J Gallagher & Co, an Illinois-based insurance brokerage and risk management services firm, is gearing up to acquire Bollinger, a New Jersey-based brokerage firm with over $100m in revenue. Sources close to the deal were quoted by ...