US insurer American International Group (AIG) has launched an enhanced general liability program to provide coverage for construction clients facing Occupational Safety and Health Administration (OSHA) investigations. Dubbed OSHA Assist, ...
Tags: OSHA Assist, insurer, Occupational Safety, Health Administration
Allianz Worldwide Care has introduced an array of deductibles for its individual healthcare plans alongside new online support tools in an effort to improve customer service, following its annual product review. Newly added deductibles ...
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Birmingham based ProAssurance Corporation (PRA) has closed the acquisition of Independent Nevada Doctors Insurance Exchange (IND), for an undisclosed sum. In accordance with terms of the agreement, IND will become a subsidiary of ...
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MetLife has agreed to pay $500m in a multistate settlement with Florida insurance investigators in connection with holding death benefits from life insurance policies issued decades ago. The regulators accused the US insurer over non ...
Tags: MetLife, multistate settlement, death benefits, insurance
UK Financial Services Authority (FSA) has penalized Sun Life Assurance Company of Canada (UK) (SLOC UK) 600,000 pounds for poor management of its 1.2bn pounds with-profits business. The market watchdog claimed that the design and ...
Tags: FSA, Sun Life Assurance, life insurance, insurance product
Sagicor Life Insurance has completed acquisition of Washington-based PEMCO Life Insurance including addition of the latter’s 7,500 policyholders to its existing 60,000 holders, further boosting an aim to improve the communities in ...
Tags: Sagicor Life Insurance, Pemco Life, acquisition, insurance
UK-based commercial lines underwriter, Arista Insurance, has signed deals with two local brokers for development of schemes targeting insurance requirements in specific locations or business classes. The underwriter has joined forces with ...
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Argo Group International Holdings (AGII) unit Argo Pro has launched a new cyber liability insurance product, information & Professional Risk Playbooksm (iPRP) to address the exposures on information technology for businesses. The firm has ...
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Electric Insurance has signed renewal rights agreement with Millers First Insurance and Millers Classified Insurance to offer renewal quotes for its preferred personal lines business. As part of the agreement, the company will provide ...
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The net income of private US property/casualty underwriters increased to $16.4bn in the first-half of 2012, as against $4.8bn during the same period in 2011. According to a report by US property-casualty insurance analyst firm ISO, the ...
Tags: net income, insurance analyst, ISO, profitability of insurer
Hastings Mutual Insurance, a regional property/casualty insurance carrier in the Midwest has welcomed new president, CEO, and chairman, Joseph Babiak Jr. According to the underwriter, Babiak joined Hastings Mutual in 2001 as the chief ...
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Taiwan based underwriter TransGlobe Life Insurance (TGL) has emerged to be the winning bidder to acquire ailing Kuo Hua Life Insurance Co from the Taiwan government after reaching an agreement. Under terms of the deal, The Taiwan ...
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New York-based private equity firm Southport Lane, through its subsidiary Lonestar Holdco, has inked a definitive agreement with Dallas National Insurance to acquire 100% of Dallas National Insurance Company. The deal's terms and ...
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Property and casualty underwriter Economical Insurance has posted 71% increase in the second quarter of 2012 net income, which stood at $39.7m compared to $23.2m during the corresponding period earlier year. For the three months ended on ...
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Property and casualty insurance provider, United Insurance Holdings has appointed John Forney as its new chief executive officer, effective from 14 June 2012. Forney will also serve as a director on the company's Board. United's Board ...
Tags: United Insurance Holdings, John Forney, insurance company, insurance