London-based underwriter Aviva is considering purchasing the Co-operative Group general insurance business in a deal valued at approximately £650m ($989.82m). Co-operative Group, which operates as one of the UK's largest consumer ...
Tags: Aviva, Co-Operating Insurance
Property and casualty insurer ACE has established a $95m special purpose vehicle, Altair Re, to offer additional collateralized capacity for its global reinsurance business. The capital will be used to largely support ACE Tempest Re's ...
Tags: ACE, Special Purpose Vehicle
US Managing General Agent (MGA), Johnson & Johnson has selected EagleEye Analytics to provide a comprehensive predictive analytics solution for monitoring its analytics output and results. The company will deploy EagleEye Analytics' Talon ...
Tags: Analytics Tools, Johnson&Johnson
London-headquartered diversified financial conglomerate HSBC is gearing up to offload its general insurance business in Macau, as part of its strategy to get rid of unprofitable businesses across the globe. One of its indirect wholly ...
ACE Group, a multiline property and casualty insurer, has unveiled a new agriculture property and casualty insurance business, known as ACE Agribusiness, in a bid to further reinforce its presence in the sector. The newly established ...
Canada based financial services group Manulife Financial and HDFC Life, the Indian affiliate of Standard Life, have submitted their bids to acquire HSBC's Indian life insurance arm, which has a market value of nearly $200m. As part of a ...
Tags: Manulife, HDFC Life, financial services
American Modern Insurance Group has signed a multi-year agreement with Symbility Solutions to implement Claims Connect into its operations. Under the terms of the agreement, American Modern Insurance will deploy the property and casualty ...
Texas Farm Bureau Insurance Companies, which offers auto, home, farm and ranch, life, and health insurance, has decided to implement Sapiens’ insurance technology to all its personal property and casualty lines of business. The ...
Tags: Texas Farm Bureau Insurance, Insurance, Personal Business Lines
A wholly-owned subsidiary of Bermuda-based Enstar Group (ESGR) has acquired HSBC Insurance Company of Delaware and Household Life Insurance Company of Delaware as well as its three subsidiary insurers from Household Insurance Group Holding ...
Tokyo-based diversified conglomerate Itochu Corporation has entered into an agreement with Asahi Mutual Life Insurance to jointly set up a marketing company that will engage in market development, development of sales channels, and sales ...
US-based non-standard auto insurance products provider, Personable Insurance has selected iPartners' Business Intelligence & Data Warehouse Solution to support its rapid growth. Selection is based on the solution's ease-of-use and quick ...
Tags: intelligence solution, auto insurance products, auto insurance
Dutch insurance firm ING Group has sold its 26% stake in ING Vysya Life Insurance Company to its joint venture partner Exide Industries for an undisclosed amount. The deal, which was originally inked in January this year, is a part of a ...
Tags: Life Insurance, Insurance, insurance firm
XL Group's North America Marine insurance business has introduced ShipShape, a suite of recreational marine coverages to meet yacht owner’s needs. XL Group North America Marine business president Richard DeSimone said that the new ...
Tags: Marine insurance business, insurance business, insurance
British mutual life and pensions company Royal London has entered into a binding agreement to acquire Co-operative Insurance Society (CIS), the life insurance business of the Co-operative Banking Group. Additionally, the life and pension ...
Aviva has reported a loss after tax of 3.1bn Euro for the year 2012 compared to a profit after tax of 60m during the same period in 2011, while loss after tax for continuing operations was 202m. The largest driver of the loss was sale of ...