The total annual value of property and casualty (P&C) and life insurance policies sold through digital channels in Europe is expected to touch €25bn in 2016, which is more than twice the 2012 volume of €12bn. A new study by ...
Tags: Insurance, Digital Channels
In response to the growing financial impact and frequency of product recalls for food and beverage manufacturers, distributors and importers in the U.S. and Europe, American International Group (AIG) today launched NOVI, a web-based service ...
Swiss commercial property-casualty insurer Zurich has rolled out a new Side A D&O policy to deal with the growing litigation landscape and provide cover for liability exposures globally, including China, Brazil, Mexico, Japan and India. ...
International property and casualty insurance holding company Markel Capital has reached on agreement to purchase Abbey Protection to boost its product range in the UK and improve reach within the country’s retail market. Under the ...
Tags: Markel Capital, Abbey Protection
New York-based private equity firms J C Flowers & Co and Apollo Global Management are reportedly considering to submit bids for Hartford Financial Services Group’s Japanese annuity business. Three people familiar with the matter ...
Tags: Apollo, Global Management
Switzerland-based specialty insurance and reinsurance company Allied World Company Holdings (AWH) has launched a new professional indemnity product developed especially for the Asia-Pacific marketplace. Launched by Allied World's ...
Tags: specialty insurance
Fairfax Financial Holdings has completed the acquisition of Bermuda-based specialty insurance company American Safety Insurance (ASI). Under the terms of the transaction, for each common share of American Safety its shareholders will ...
Commonwealth Annuity and Life Insurance Co, a subsidiary of Global Atlantic, has acquired Aviva USA’s life insurance business following receipt of all necessary regulatory approvals. Global Atlantic Financial Group is a multiline ...
Tags: Life Insurance
Capgemini, a global consulting, technology and outsourcing services firm, has launched its new Platform as a Service (PaaS) offering, known as Insurance Connect, designed for the property and casualty (P&C) insurance market. Leveraging ...
US-based property and casualty insurer Tower Hill Insurance has selected IVANS Download, to accurately and consistently communicate policy information to its agents. The insurance carrier said that deployment of the new technology would ...
Tags: Tower Hill, Insurance
San Francisco-based private equity investment firm Hellman & Friedman has acquired Chicago-based insurance brokerage firm, Hub International, from Apax Partners, in a transaction worth approximately $4.4bn. Commenting on the transaction, ...
Tags: insurance, investment funds
Allied World US, a subsidiary of Switzerland-based specialty insurance and reinsurance company, Allied World Company Holdings (AWH), has rolled out a new independent directors liability product named Independent ForceField. The new ...
Socius Insurance Services, a San Francisco-based management liability and property & casualty insurance wholesaler, has appointed Matt Dross as the new vice president, property & casualty practice. Dross will oversee the business from ...
Tags: Socius Insurance
Multiline insurance and reinsurance company Global Atlantic Financial Group has signed an agreement to buy Forethought Financial Group, a US-based financial services company with life insurance and annuity operations. Pending regulatory ...
Tags: insurance, reinsurance
Bermuda-based AXIS Capital has set up a new syndicate to expand its global underwriting platform, and provide access to Lloyd’s worldwide licenses and distribution network. Named AXIS Syndicate 1686, will be managed by Asta Managing ...
Tags: Insurance, Underwriting Syndicate