Southport Lane, a private equity firm, has selected Jim McNichols as chief actuarial officer of its reinsurance group, Southport Re. McNichol, in the new role, will support reinsurance, underwriting services and directing quantitative ...
Tags: Southport Lane, chief actuarial officer, reinsurance, insurance
XL Group's reinsurance operations has appointed Tim Fisher as senior vice president & Canadian branch manager. Fisher will report to managing director and head of casualty reinsurance in North America Christopher Buse, and will manage ...
Tags: XL, Tim Fisher, branch manager
Italy-based Generali is contemplating to dispose its US life reinsurance business, thus paving a way to exit from US underwriting market. Italian largest insurer by annual premiums has appointed Citigroup to counsel it on the proposed ...
Tags: insurance, life reinsurance, reinsurance, increase
US based underwriter Hortica Insurance and Employee Benefits (Hortica) has picked up the Inspection software solution from Risk Control Technologies, to streamline its loss control operations. The underwriter was looking for a technology ...
Tags: Service
Clal Insurance Enterprises, a subsidiary of IDB Holding, controlled by Nochi Dankner, has signed an agreement with National Indemnity Company, a subsidiary of Berkshire Hathaway, controlled by Warren Buffet, for the sale of wholly-owned ...
Peregrine Semiconductor Corp of San Diego,CA,USA,a fabless provider of radio-frequency(RF)integrated circuits(ICs)based on silicon-on-sapphire(SOS)founded in 1990,has closed its initial public offering(announced on 7 August).In connection ...
Tags: Peregrine, USA, commissions
Life insurer Primerica has registered an 18% rise in its second quarter of 2012 net operating income, which summed up to $45.5m, or $0.71 per diluted share, compared to $38.6m, or $0.51, during the same period last year. For the latest ...
Tags: Primerica, operating income, net income
Keystone Insurers Group, a US based independent insurance agency, has selected Kaye Garruto as its Georgia state vice president. Announcing the appointment, Keystone's vice president of client services Lea Ann Hawk said that the ...
Universal Insurance, a Puerto Rico-based provider of insurance and financial services, is planning to upgrade to Cover-All's new policy administration platform and its commercial lines products. The products include commercial auto, ...
Tags: commercial lines products, Universal Group, Cover-All Policy
ACE Group subsidiary ACE Westchester has launched a new stand-alone product recall underwriting unit to provide insurance products in response to the increased risks associated with product recalls. The company also appointed Florian ...
Tags: ACE, increased risks, product recalls
Hiscox has joined hands with Business Owners Liability Team (BOLT Insurance Agency) to distribute its small commercial insurance products to business owners in the US on the BOLT Insurance portal platform. BOLT Insurance evp Tom Hammond ...
Tags: BOLT Insurance, Insurance, Service
US-based commercial insurance holding company, W R Berkley has promoted Andrew Tuma as the new president of Berkley Surety Group with immediate effect. Tuma recently served as the company's executive vice president and chief operating ...
Tags: commercial insurance, surety, contract surety, commercial surety
Belgium based underwriter KBC insurance has deployed ALIS policy administration solution from Sapiens International Corporation, with an aim to boost its footprint in Belgium underwriting industry. The insurer said that the solution will ...
Pacific Prime Insurance Brokers has collaborated with MedStar Insurance Brokers in the UAE, in a bid to tap the emerging underwriting market of the Arab region. The launch of the Middle Eastern Partnership stems from Pacific Prime's ...
Tags: Pacific Prime, MedStar Insurance, UAE
Korea Life Insurance Co and KB Financial Group have been shortlisted by ING for its life underwriting businesses in Asia. Sources close to the matter have told that the sales process allows bidders to bid for only part of the business, ...
Tags: ING, Korea Life, KB Financial, Asian Life-insurance Unit