Allied World US, a subsidiary of Allied World Assurance Company Holdings(AWH), has introduced a new product, dubbed Techtonic//5.0, to offer combined coverage for a wide range of evolving exposures in Errors & Omissions (E&O) and Privacy ...
Tags: Allied World US, dubbed Techtonic//5.0, dynamic coverage solution
Bank of America (BofA) has been charged by homeowners in a Florida federal court over allegations for charging them excessively in connection with so-called force-placed insurance. The home owners were quoted by Bloomberg as saying, "A ...
Tags: Florida home owners, force-placed, BofA
Insurance intermediary Towergate has selected Tagetik's platform for its budgeting, planning and compliance reporting processes. Towergate finance director Tim Philip said that Tagetik's Performance Management software will ensure that ...
Tags: Towergate, Tagetik platform, budgeting
France-based insurance firm AXA's plans to re-enter Taiwan insurance market were rejected by Taiwan's Financial Supervisory Commission (FSC). AXA's Bermuda-based insurer had submitted its application to FSC in January 2012 to establish a ...
Tags: Axa, insurance, protection-type insurance, Taiwan insurance market, FSC
ACE USA, the retail operations of the ACE Group, is offering ACE Construction Risk Coverage Form, designed to address the evolving risks and costs related to various types of construction projects. According to the insurer, the new ...
Tags: ACE USA, ACE Construction Risk Coverage Form, insurance solutions
ACE will soon inaugurate a new office in Aberdeen before the end of 2012 as part of its continued strategy to enhance service for UK regional brokers and clients. According to the underwriter, the branch will be ACE's 12th in its UK and ...
Tags: ACE, insurance business
US insurance brokerage and risk management services firm Arthur J Gallagher & Co has acquired Minnesota's Unison, an employee benefits insurance broker in an undisclosed deal. Following the closing of transaction, William Ziebell, north ...
Tags: insurance brokerage, risk management, Arthur J Gallagher&Co
Arthur J. Gallagher & Co. (AJG), an insurance brokerage and risk management services firm, has acquired Alabama-based Whitehaven Insurance Group for an undisclosed amount. AJG chairman, president and CEO J. Patrick Gallagher said, "Their ...
Tags: Arthur J.Gallagher&Co., insurance brokerage, risk management services
Insurance broker Brightside has formed a partnership with British supermarket chain Asda. Under the partnership, Brightside will manage car and home insurance for the supermarket chain as part of its Asda Money division. Asda Money head ...
Tags: Brightside, car and home insurance, straightforward products
The Ohio based underwriter Buckeye Insurance has added EagleEye solution to help insurer increase competitiveness in the auto insurance market. The solution provider EagleEye Analytics said that the offering will enable the firm to ...
Tags: Buckeye Insurance, EagleEye solution, EagleEye Analytics, auto insurance
Principal Financial has signed a definitive agreement to acquire 100% of Chile's AFP Cuprum for $1.51bn, in an effort to widen its presence in emerging markets. The deal involves sale of 63% ownership in Cuprum held by Empresas Penta and ...
Tags: Principal Financial, Chile's AFP Cuprum, publicly traded shares
US based diversified conglomerate Berkshire Hathaway has agreed to acquire Spain based Caixabank's life insurance operation, VidaCaixa, in a deal valued at EUR600m. The seller will get EUR524m pretax gain following the completion of ...
Tags: Berkshire Hathaway, acquire, life insurance, Spain, insurance operations
Confie Seguros has completed acquisition of four regional insurance brokerages in Florida and Nevada, in an effort to expand its geographical footprint in US. The company has acquired Florida-based Maurisset Insurance, CNS Insurance ...
Tags: Confie Seguros, insurance, acquisition, four insurance
ACE Group, a provider of insurance and reinsurance services has made new appointments to its Continental Europe team in a bid to boost investment in its information technology insurance segment. ACE Continental and Central and Eastern ...
Tags: ACE Group, insurance and reinsurance services, insurance services
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 ...