Allstate has reported that its net income rose by 46.2% to $766m for the first quarter of 2012, or $1.53 per diluted share compared to a net income of $524m, or $0.98 per diluted share in the same period in 2011. Allstate chairman, ...
Tags: Allstate, net income, auto insurance, partnership income, operating income
XL Group has added six seasoned underwriters to its US cyberliability underwriting group, and also appointed a new vice president to its Select Professional group, in a bid to expand its technology underwriting capabilities in New York, ...
Tags: XL Group, underwriters, new vice president, Select Professional group
The National Retail Federation today issued the following statement from President and CEO Matthew Shay on the negotiated settlement between The International Longshore and Warehouse Union Local 63 Office Clerical Unit and the Harbor ...
Tags: contract agreement, strike, Los Angeles
Genworth Financial, a life and mortgage insurer, has agreed to pay a sum of $2.25m to its former chief executive Michael Fraizer, as part of an separation agreement. Fraizer, who has been associated with the firm since 2004, stepped down ...
Atlanta-based LexisNexis Risk Solutions has migrated its insurance solutions to its open source, big data processing platform called HPCC Systems. The big data processing platform assists insurers assign premium more accurately and will ...
International reinsurance broker Willis Re has completed the second stage of implementing Sequel's Eclipse Broking software. Implementation of the technology brings the number of Willis Group staff using Sequel's platform for their ...
Ebix, an insurance software provider has struck a deal with a US mutual insurance company to cater Ebix Advantage Web Enterprise SaaS platform, for all its back end system needs such as rating, underwriting, policy administration, ...
Tags: Ebix, insurance software, back end system, underwriting
Equity Risk Partners (ERP), an insurance brokerage and consulting firm, has established a new practice group to address the insurance requirements of defense, aerospace and government contractors. The newly launched DefCon Risk will ...
Tags: Equity Risk Partners, insurance, government contractors, global insurance
Agencyport Software has introduced AgencyPortal 4.5, a new version of AgencyPortal platform to provide self-service portals to insurance companies' retail agents, brokers, MGAs and policyholders. The AgencyPortal is being used by over ...
Tags: Agencyport Software, AgencyPortal 4.5, AgencyPortal platform, insurance
Markel American Insurance has expanded its recreational vehicle coverage into New Jersey as a new option to consider motorcycle insurance shopping. Markel American Insurance Company president Audrey Hanken said that Motorcycle Coverage to ...
Tags: Markel American Insurance, recreational vehicle, motorcycle insurance
Mortgage underwriter MGIC Investment has sued mortgage financier Freddie Mac and the Federal Housing Finance Agency to resolve a dispute over coverage limits on certain insurance policies. The lawsuit was filed by MGIC against Freddie in ...
Tags: mortgage underwriter, MGIC Investment, mortgage financier Freddie Mac
MGIS will implement Wynsure v4.7 policy administration platform from MphasiS-Wydes, with an aim to modernize the experience for brokers and clients. MphasiS-Wyde will also offer consultation on industry standard and best practices for ...
Tags: MGIS, Wynsure v4.7 policy administration platform, MphasiS-Wydes
London based private equity firm Cinven is planning to launch its Partnership annuity business, although the firm has not revealed the name of the new underwriting entity. Sources close to the matter told Financial Times that the private ...
CNA Insurance (CNA Europe), a UK-based commercial insurance writer, has appointed Justin Godman as its new casualty underwriting manager. In his new role, Godman will report to the European Property & Casualty Underwriting director Mark ...
Alfa Insurance, a US underwriter has teamed up with Kony Solutions, to launch the newest version of its Alfa2Go mobile application. According to the insurer, the new application will facilitate users in paying their bills, filing claims ...
Tags: Alfa Insurance, underwriter, Alfa2Go mobile application, insurer