ACE USA, the retail operating division of property and casualty insurer ACE Group, has appointed Kelley Kinsella as the new senior vice president & regional executive officer for its Midwest Region. Delivering highly responsive services ...
Tags: ACE USA, casualty insurer, ACE Group, Kelley Kinsella
Citizens Against Government Waste (CAGW) has reproved the US Department of Housing and Urban Development’s (HUD) Federal Housing Administration (FHA) for recklessly issuing mortgage insurance to thousands of ineligible borrowers. ...
Tags: CAGW, HUD, tax offenders
Employee benefits agency Digital Insurance has acquired US based DSG Benefits Group. Established in 2004, DSG is licensed in over 30 states and will now operate under the banner of Digital Benefit Advisors (DBA), a division of Digital ...
Tags: Digital Insurance, DSG Benefits Group, DBA
New York-based private equity firm, Southport Lane has completed acquisition of Redwood Reinsurance SPC, a Cayman Islands-based reinsurer for an undisclosed amount. Southport Re CEO Glenn Weber said the acquisition represents the ...
Tags: Southport Lane, insurance, reinsurance platform, liability insurance
US underwriter MetLife has reported operating earnings of $1.4bn, or $1.32 per share for the third quarter of 2012, up by 47% from $965m, or $0.91 per share during the same period a year ago. For the quarter period ended on 30 June 2012, ...
Tags: MetLife, underwriter, operating earnings, net income
Chaucer Syndicate 1084 has introduced a new marine product intended for vessel owners and operators in the offshore renewable energy sector. According to InsuranceTimes.co.uk, the product will be unveiled at the upcoming Seaworks ...
Tags: Chaucer Syndicate 1084, marine product, marine insurance, insurance
Since the auto industry’s recent financial crisis, dealerships have been slow in rebuilding business. Although sales were good for 2011, they fell slightly short of the 13 million forecast initially predicted. While the industry is ...
Tags: service lines, bottom Lines
Innovative Insurance Partners has selected CallidusCloud's Incentive Compensation Management (ICM) solution to calculate agent commission accurately. Innovative Insurance Partners president and CEO Andrea Baumer said, "We realize that we ...
Tags: Innovative Insurance, CallidusCloud's ICM, Callidus Software
Chinese Kerry Logistics has ventured into insurance business through the acquisition of Taishan Insurance Brokers (TIB), which provides a comprehensive suite of insurance brokerage and consultancy services in Asia. Chinese Kerry Logistics ...
Tags: Kerry, Taishan Insurance, Chinese underwriting business
US property-casualty underwriter Mountain West Farm Bureau Insurance has inked a multi-year agreement with Symbility Solutions, pursuant to which the former will deploy the latter's comprehensive suite of products. Under the terms of the ...
UK based insurance and financial services firm Prudential has inked an agreement with Thailand based Thanachart Bank to acquire its Life Assurance Company for £368m in cash. The transaction, which is expected to complete during the ...
Tags: insurance and financial services, Prudential, Thanachart Bank
SeeChange Health Insurance, a provider of value-based benefit plans to small and mid-sized employers, and United Heritage Life Insurance have agreed to jointly offer group term life insurance policies alongside group medical plans. The ...
Accenture has introduced an enhanced version of its life and annuity insurance software suite, Life Insurance Platform, in an effort to lower operating costs for insurers. Accenture Software for life insurance product line lead Mitchel ...
Tags: Accenture, enhanced life, insurance software
Tuv India,a subsidiary of German technical provider Tuv Nord,has entered into high-end testing services by constructing a food testing laboratory in Pune,India,with an investment of€5m. The new laboratory will be involved in the ...
UK's HSBC Holdings has geared up to dispose its Vietnamese insurance business with an anticipated price of $400m, as part of its strategy to exit non-core operations worlwide. A source close to the potential deal told Reuters that HSBC ...