MSIG Insurance (Singapore) has partnered with global underwriting agency DUAL to launch its financial lines capability in the Singapore market, to help address needs of its private and corporate networks. DUAL provides specialised ...
Canada-based diversified financial services company Western Financial Group (Western) has acquired First Insurance Agencies, for an undisclosed sum. The latest acquisition, which represents the third takeover in Vancouver Island in the ...
New York Life has elected Annamaria Banaszek, Craig DeSanto and John DiRago as senior vice presidents of the company and will report to Chris Blunt, president of the Insurance Group. Banaszek will serve as head of the Group's Wealth ...
Tags: New York Life, Annamaria Banaszek, Craig DeSanto, John DiRago
Nonlife insurance group Randall & Quilter Investment (R&Q) has acquired entire issued share capital of Hickson Insurance Limited (HIL). The acquirer purchased the shares for pound 525,000, from owner Hickson Investments, (an affiliate of ...
Tags: Nonlife insurance, R&Q, HIL
US-based insurance brokerage firm Hub International (Hub) has acquired the assets of an insurance agency Maritime Insurance Group (Maritime), for an undisclosed sum. Following completion of the transaction, the acquired business will ...
Arch Capital Group (ACGL) has successfully completed Canadian insurance and reinsurance operations domestication under a new legal entity named Arch Insurance Canada Ltd. (Arch Canada). Since 2005, Arch Canada has been operating as ...
Tags: Arch Capital Group, Arch Canada, ACGL, insurance, reinsurance operations
To streamline commercial underwriting in Switzerland Business process management and customer relationship management player Pegasystems announced that it has signed a deal with Zurich Insurance Group for a BPM system for its commercial ...
ProAssurance has acquired Virginia-based Medmarc Insurance Group (Medmarc) on 1 January 2013. Earlier, an agreement was inked to merge Medmarc into ProAssurance for a $153.7m, all cash, sponsored demutualization that will provide ...
International property and casualty insurance holding company Markel has purchased Essentia Insurance Company from OneBeacon Insurance Group, for an undisclosed amount. Financial terms of the transaction have not been disclosed by the ...
Tags: Markel, Essentia Insurance Company, Insurance Group, insurance
India's state-owned insurance group and investment company, Life Insurance Corporation (LIC) has introduced two new policies for its customers. The policies include include a unit based scheme, dubbed Flexi Plan, and the New Jeevan Nidhi, ...
Tags: LIC, India, insurance group, insurance policies
Qatar Insurance Group is planning to establish a holding company in an effort to further expand its current operations in both insurance and non-insurance sectors. Subject to approval from the general body meeting and concerned ...
Tags: Qatar Insurance Group, holding company, current operations
Swiss life insurer has selected Pegasystems's software solution to help automate its commercial underwriting process in Switzerland. Automation of commercial underwriting process that comprises both broker and agent channel, several ...
Marsh & McLennan Agency (MMA) has acquired Independent Insurance Group Benefits, the employee benefits division of Dallas-based Independent Insurance Group. Established in 1994, Independent Insurance Group Benefits provides a full ...
Tags: Independent Insurance, MMA, Service
UK's motor insurance distributors Kwik-Fit Insurance has introduced a new insurance product for learner drivers, aimed to reduce the cost of cover while driving on a provisional license. Designed especially for drivers still sporting 'L' ...
Tags: insurance product, learner drivers, Service, Kwik Fit
Georgia-based WS Pharr & Co has agreed to merge and operate as PointeNorth Insurance Group, effective from 01 February 2013. Established in 1988, the company's operations will merge with PointeNorth as locally owned independent insurers ...
Tags: WS Pharr&Co, PointeNorth Insurance Group, William Pharr