Alberta Motor Association Insurance Company (AMA Insurance) has implemented MajescoMastek’s STG billing system, which will help the firm to accurately address the company’s enterprise billing, payments and disbursement ...
US insurance holding company Torchmark has purchased a privately owned supplemental health insurance provider Family Heritage Life Insurance Company of America, for nearly $232m. The transaction is expected to be immediately accretive to ...
Illinois-based specialty insurance company Corp has entered into a teaming agreement with Recreation Insurance Specialists (RIS) to underwrite recreation vehicle (RV) insurance for RIS. As part of the agreement, the RLI will write ...
Tags: RIS, insurance, recreation vehicle, RIS'motor homes, travel trailers
Insurance company Allianz Global Assistance Australia has named Luc Derix as its chief information officer after the departure of Abdul Hussein last December. In 2009, Derix joined Allianz as the company's business intelligence manager ...
Tags: Allianz Global Assistance Australia, Luc Derix, CIO, intelligence manage
Mitsui Direct General Insurance Company, a Japanese direct general insurer has deployed Guidewire ClaimCenter as its new claims management system to further enhance its customer service quality, improve productivity and make significant ...
Tags: Mitsui Direct General Insurance Company, customer service
Insurance and reinsurance firm XL Group has appointed Alfred Bergbauer as head of multinational casualty in North America. In his role, Bergbauer will report to Ken Riegler, president of XL Group's North American Primary Casualty group ...
Tags: XL Group, Alfred Bergbauer, multinational casualty, casualty
RSA Canada, a commercial insurer, has agreed to purchase L'Union Canadienne from its parent company, Co-operators General Insurance Company (CGIC). According to the company, the cost of transaction is $150m and is subjected to regulatory ...
Tags: RSA Canada, commercial insurance, L'Union Canadienne, insurance
Crum & Forster, an insurance group and a part of Fairfax Financial Holdings, has named Ahmed (Abe) Yaknour as the company’s chief technology officer. Yaknour will manage the architecture of the company's infrastructure, as well as ...
Tags: Fairfax Financial Holdings, chief technology officer, insurance
French mutual insurance firm MMA Group has selected Cameleon Software’s configure, price, quote (CPQ) technology to help modernise its information systems and improve business agility. Implementation of the technology will enable ...
Tags: MMA Group, mutual insurance, insurance, insurance service
Casualty & General Insurance Company (Europe), a liability cover specialist has opened a new representative office in London as part of its plans to further expand business particularly its casualty account in the UK. According to the ...
Tags: liability, London office, casualty account, UK insurance broker
Collegiate Underwriting has launched a new Professional Indemnity underwriting facility with Canopius, through its Syndicate 4444, replacing Hiscox Insurance Company. The new deal will cover most UK based SME general and miscellaneous ...
Tags: Collegiate Underwriting, indemnity underwriting, underwriting facility
US specialty insurance company RLI has acquired Rockbridge Underwriting Agency, which is a general agency specializing in medical malpractice insurance. RLI chairman & CEO Jonathan Michael said the deal will enable the company to tap ...
US insurance brokerage firm Capacity Coverage Co and Transpo Insurance have inked a merger agreement, in accordance with which both firms will merge with and into each other and form a new company, named as TransCap Insurance Agency. As ...
Tags: Capacity Coverage, Transpo Insurance, merger, ransCap Insurance Agency
Global property and casualty insurer ACE has inked a definitive agreement with Ally Financial to acquire ABA Seguros in Mexico for nearly $865m in a cash transaction. Commenting on the deal, ACE chairman and chief executive officer Evan ...
Tags: ACE, Ally Financial, ABA Seguros, acquisition
American International Group has agreed to pay over $300m to settle dispute with states over death benefits payments which remained unclaimed. California State Controller's office spokesman Jacob Roper said that the underwriter will ...
Tags: AIG, dispute, benefits payment, death benefits