Guggenheim Life, the underwriting business unit of Guggenheim Partners, is gearing up to acquire some, or all, of Aviva US, for expected purchase price of 800m p ($1.25bn). With $160bn assets, Guggenheim has plans to increase its ...
Tags: Guggenheim Life, acquisition, Aviva US, purchase price
The Guardian Insurance & Annuity Company (GIAC) has expanded investment option line-up for its group retirement products plan sponsors. Managed by industry investment managers, the extended options are designed for plan sponsors using The ...
Tags: GIAC, retirement products, investment option, insurance
US based life insurer National Western Life Insurance Company reported that its revenue rose by 9% to $196.7m for the first quarter in 2012, compared to revenue of $180.37m during the same quarter previous year. Operating revenues, ...
Tags: National Western Life Insurance, quarter 1 revenue, insurance, revenue
MTL Insurance Company, a member of Mutual Trust Financial Group, has picked up the Sapiens ALIS policy administration system to administer its life and annuity business. The policy administrator will assist the US insurer to modernize its ...
Tags: MTL Insurance, policy administration system, life insurance
, the US subsidiary of Mastek Limited is teaming with Communication Intelligence Corporation (CIC) to offer its Elixir North America policy administration system with CIC’s SignatureOne electronic signature (eSignature) offerings and ...
Tags: MajescoMastek, CIC, eSignature, insurance product
Bermuda-based property and casualty insurance and reinsurance specialty provider Endurance Specialty Holdings has acquired Galileo Weather Risk Management(Galileo)assets. Weather risk management products and services provider,Galileo will ...
Tags: Endurance, Galileo Weather Risk Management, Martin Malinow
Sun Life Financial(SLF)has inked a definitive agreement to dispose of its domestic US annuity and certain life insurance businesses for$1.35bn to Delaware Life,a company owned by shareholders of Guggenheim Partners. The transaction ...
Tags: service, Sun Life Financial, transaction
Computerworld-Microsoft confirmed Wednesday that owners of Windows RT hardware,including the company's own Surface RT,must acquire a commercial license for Office 2013 to use those devices'bundled Office apps at and for work. The ...
Tags: Windows RT hardware, Microsoft, commercial license, touch-enabled apps
IBM has reported flat net profits of$3.8bn as demand for its software services and tight cost management offset the effect of a stronger dollar. IBM said that,excluding UK pension-related charges,profits rose 3%to$3.9bn in the third ...
Tags: IBM, software service, AMD, Intel
Philadelphia Financial, a high net worth private placement insurer, has launched its international private placement life and annuity business. The newly floated businesses in Bermuda include Philadelphia Financial Life Assurance Company ...
Tags: Philadelphia Financial, private placement business, Bermuda
Industrial Alliance Insurance and Financial Services have inked a deal to offload by way of indemnity reinsurance and assumption reinsurance, all its US fixed annuities and accumulation riders to Security Benefit Life Insurance and ...
Tags: Industrial Alliance Insurance, Financial Services, indemnity reinsurance
Prudential is seriously contemplating to wash its hand from its UK life annuity business as its operation in the UK is not fetching sumptuous profit. The same move has been termed as a "disaster", by its chief executive officer Tidjane ...
Tags: UK Arm, Prudential, annuity business, sumptuous profit
Allianz Life Insurance Company of North America has registered 21% rise in operating profit, which stood at $381m for the first half of 2012, against a profit of $315m in the comparable period last year. The underwriter claimed that its ...
Tags: Allianz Life Insurance Company, operating profit, comparable period
Computerworld - A final copy of Windows 8 leaked to the Internet on Thursday, just a day after Microsoft stamped the new operating system as finished. Identified as Windows 8 Enterprise N -- the "N" marks it as aimed at European users -- ...
Computerworld - Microsoft today announced that it's wrapped up Windows 8 and declared that the operating system has met the "release to manufacturing" (RTM) milestone. "A short while ago we started releasing Windows 8 to PC OEM and ...