Medica has appointed John Naylor as senior vice president for commercial markets to enhance the business segment, effective from 19 November 2012. Naylor will take over the new role from Simeon Schindelman, who has been appointed as chief ...
Marsh has opened a new insurance broking office in Liverpool, UK to expand its operations in the country. The new office will be led by the company's senior executive Phil Angus, who joins from the Manchester office. Angus will be ...
Tags: insurance broking office, insurance office, insurance, risk experts
First American Financial has reported a net income of $73m, or $0.68 per diluted share, for the second quarter of 2012, compared to $32.3m, or $0.30 per diluted share, for the same period in 2011. The latest quarter results include net ...
Tags: Financial, Title Insurance, Services, Net Income
US commercial automobile insurer Atlas Financial Holdings has signed a definitive agreement to acquire Camelot Services, and its lone insurance subsidiary, Gateway Insurance, for nearly $23m. As per the terms of the deal, the purchaser ...
Tags: Financial, Insurance, automobile insurer, insurance subsidiary
Oak Street Funding has signed an agreement with OPTIS Partners to provide new funding options to OPTIS clients who require capital to buy, build or sell their agencies. Under the terms of the referral partnership, Oak Street Funding will ...
Tags: Oak Street Funding, funding options, referral partnership
US-based commercial insurer CNA Financial has reported a net income of $166m, or $0.62 diluted earnings per share, for the second quarter of 2012, compared to $124m, or $0.46 diluted earnings per share, for the same period in 2011. For ...
Tags: CNA Financial, commercial insurer, insurer, Net operating income
US insurer American International Group (AIG) has launched an enhanced general liability program to provide coverage for construction clients facing Occupational Safety and Health Administration (OSHA) investigations. Dubbed OSHA Assist, ...
Tags: OSHA Assist, insurer, Occupational Safety, Health Administration
ACE USA, the US retail operating division of the ACE Group, has named Caroline Clouser as the executive vice president, medical risk & life sciences, with an aim to boost its market share in the US underwriting sector. Clouser will manage ...
Tags: medical risk, life sciences, market share, Life Sciences division
US-based commercial insurer CNA Financial has reported a net income of $250m, or $0.93 earnings per share, for the first quarter of 2012, compared to $220m, or $0.82 earnings per share, for the same period in 2011. For the first quarter ...
Tags: CNA Financial, net income, Net operating income, commercial insurer
Newsagency software company Tower Systems has announced plans to introduce the ParcelPoint system through its network of newsagents using the Tower point-of-sale technology. The introduction of ParcelPoint through the 1800-plus newsagent ...
Tags: ParcelPoint system, Newsagency software company Tower Systems
Humana has named Mark El-Tawil as the division leader for Humana medicare division in the west region, which includes Alaska, Arizona, California, Hawaii and Nevada. The company has assigned him to manage its medicare HMO and PPO health ...
Tags: medicare division, medicare, medicare HMO, medicare supplement policies
Manulife Financial posted a net loss attributed to shareholders of C$300m ($302.6m) for the second quarter of 2012, compared to a profit of C$490m ($493m) during the corresponding period earlier year. The second loss reflects volatile ...
Aviva has shortlisted Prudential and Manulife from the four potential buyers, which were selected from a second stage of bidding for Aviva's insurance business in Malaysia. The Malaysian underwriting business of Aviva is expected to fetch ...
Aviva, a UK multinational insurance company has warned that it will slash approximately 800 jobs in its UK operation, as part of its austerity measure to reduce the cost substantially and bring the life insurer on the track. The ...
Tags: multinational insurance company, insurance company, life insurer
Religare Health Insurance (RHICL) has formally launched its general insurance operations with head office in Delhi, India, as part of its business initiations in July 2012. Religare Health Insurance MD &CEO Anuj Gulati said, "Given our ...
Tags: Health Insurance, insurance operations, insurance firm, insurance