Presidential Life Corporation, an affiliate of the American Financial Group has acquired Great American Life Assurance (GALAC) for $7.04m in cash. Great American Life Assurance's $5.6m in statutory capital and surplus, comprises of cash, ...
Tags: Presidential Life Corporation, insurance company, life insurance
ABD Insurance and Financial Services has rolled out its Northern California operation, with an aim to provide better services to the customer, thus gaining optimum presence in the area. ABD Insurance & Financial Services president and ...
Tags: ABD, Northern California, financial services
Tower Group has reported net loss of $15.1m, or $0.39 per diluted share attributable to common shareholders in the second quarter of 2012, against a net income of $24.12m, or $0.58 per share during the same period last year. Operating ...
Tags: Tower Group, common shareholders, net income, diluted share
Luxembourg-based CVC Capital Partners–led group has agreed to purchase insurance-claims adjuster Cunningham Lindsey from Stone Point Capital and Fairfax Financial Holdings in a deal valued between $900m and $1bn including debt. An ...
Tags: insurance-claims, CVC Capital Partners, Fairfax, insurer
The International Association of Insurance Supervisors has presented a draft proposal for the Supervision of Internationally , or ComFrame, with an aim to harmonize the international insurance practices on global basis. Headquartered in ...
Tags: IAIS, new regulation, insurance industry
The Hartford Steam Boiler Inspection and Insurance Company (HSB) has introduced a new homeowners insurance concept, HomeWorks, intended to reduce energy usage for homeowners while saving money. HSB executive vice president Anthony ...
Tags: Insurance Company, Hartford Steam Boiler, homeowners insurance, HomeWorks
Philadelphia based health insurer Independence Blue Cross (IBC) has introduced a virtual wellness coaching program, the WebMD Digital Health Assistant (DHA), to assist members make positive lifestyle choices and healthy behavior change. ...
Tags: IBC, WebMD, coaching program
LISI, a general agent for insurance firm has deployed the ON24 Virtual Briefing Center solution for the LISI Academy, a broker enablement and training portal for its clients and business partners. According to the sevice provider, the ...
Tags: LISI, insurance, ON24 solution, education and training programs
Mutual Benefit has selected Accenture Claim Components software to improve customer service and to replace the insurer’s legacy claims systems. Accenture will implement the new system to assist the firm to achieve faster, more ...
Tags: Mutual Benefit, Accenture, billing software
BancTec, a Dallas-based business process outsourcing (BPO) has purchased certain assets of GTESS, a provider of claims pre-adjudication technology and services for the healthcare industry for an undisclosed amount. According to BancTec, ...
Tags: BancTec, business process outsourcing, GTESS
Commercial insurance provider MiddleOak has selected Guidewire PolicyCenter as its new underwriting and policy administration solution. Initially, the insurance provider will use PolicyCenter for its Specialty Habitational and associated ...
Tags: commercial insurance, MiddleOak, Guidewire PolicyCenter, underwriting
More than 36% of UK corporates do not have any specific insurance coverage against risks posed by terrorism and political violence threats. According to a research "Property Insurance: Terrorism and Political Violence", carried out by ACE ...
Tags: specific insurance, property Insurance, underwriting, ACE
Property and casualty insurance major ACE has establish a strategic alliance with RAC in the UK, pursuant to which they will provide travel insurance under the RAC brand. As per the partnership deal, the new travel insurance product will ...
Tags: property and casualty insurance, ACE, strategic alliance, RAC
AgentSecure, online service managed by InsureZone, has upgraded its suite of insurance sales and service tools with the induction of PolicySpot, a complete online policy servicing platform. The new system comprises all tools, which an ...
Tags: AgentSecure, online service, InsureZone, insurance, PolicySpot
Argo Group International Holdings' Dubai-based subsidiary, Argo Re (DIFC) has hired Jason Dsouza as a casualty and professional lines underwriter. Dsouza will directly report to Argo Re (DIFC) chief underwriting officer, Lina Hantas. ...