QualChoice Health Insurance has implemented TriZetto’s payment bundling solution software to administer episode based payments to physicians who cater cardiac stents, perinatal care and hip and knee replacements for its group and ...
Tags: payment bundling, QualChoice Health Insurance, Health Insurance
Vienna Insurance (VIG) has posted a profit (before taxes, consolidated) of €301.7m for the first half of 2012, up by almost 7% compared to the profit earned last year during the same period, primarily due to growth in premium income ...
Tags: Insurance, profit, premium income, Vienna Insurance Group
American International Group (AIG) said that the US Department of the Treasury has set an offer price of 30.50 per share for its 163,934,426 shares. The recent move to offload the AIG's share is a step ahead to free the money, it invested ...
Tags: American International Group, underwriter, Stock, insurance
Italy based underwriter Generali is planning to dispose of its non-strategic assets in 2013, to boost its overseas operations and expand into China and the rest of Asia, Eastern Europe and Latin America, and other emerging market. ...
Tags: non-strategic assets, Generali, insurer
Generali, an Italian underwriter has inked a deal with Eliahu Insurance to dispose its 69.13% controlling stake in Migdal Insurance and Financial Holdings for €705m, which is 16% down compared to a price of €835m settled in March ...
Tags: Generali, insurance, acquisition agreement, Solvency
Dutch insurer Aegon has reported that its net profit for the first quarter of 2012 stood at €521m, with an increase of 59%, compared to a net profit of €327m during the same period a year ago. The underwriter said that its net ...
Tags: Aegon reports, net profit, insurer Aegon
Zurich Insurance Group (Zurich) has reported a business operating profit (BOP) of $1.13bn for the second quarter of 2012, with a slump of 12% from $1.28bn during the same period last fiscal. Zurich headquartered underwriter said that its ...
Tags: Zurich Insurance, operating profit, net income, insurance
Zurich Insurance has reported a net income of $1.14bn for the first quarter of 2012, compared to $640m for the same period in 2011. Business operating profit for the first quarter of 2012 surged to $1.38bn, compared to $854m in the ...
Tags: Zurich Insurance, insurance industry, insurance market, net income
Prudential Individual Life Insurance, a unit of Prudential Financial has promoted Caroline Feeney, agency distribution’s vice president of the eastern territory, as the president of agency distribution. Feeney will take the place of ...
Tags: Individual Life Insurance, insurance products, investment products
3M's locally-developed Post-it 'Super Sticky' television commercial has been judged the most "impactful" ad on TV in New Zealand. The recognition was awarded without any push from 3M as the accolade was determined by consumers. The Ad ...
Tags: 3M, television commercial, advertisement
The third biggest underwriter in Europe Generali has appointed Mario Grecoas its new CEO, after terminating the employment contract between the company and Giovanni Perissinotto as general manager. Before accepting the current position at ...
Amica Life Insurance Company, a subsidiary of Amica Mutual Insurance Company, has implemented LifeSuite Automated Underwriting platform from StoneRiver. Amica has selected the new tool based on its previous experience of use of both ...
American Financial has registered net earnings attributable to shareholders of $99m, or $1.01 per share for the 2012 second quarter, with a steep rise of 100% from $48m or $0.46 per share during the same period earlier year. According to ...
UK based Pension Corporation, the specialist insurer which manages pension schemes’ risks, has raised nearly £300m by disposing some of its pension schemes to reinsurer Munich Re. The Munich Re arrangement has been initiated ...
Tags: Pension Corp, Pension Corporation, specialist insurer, pension schemes
PartnerRe, a provider of reinsurance services, has appointed Egbert Willam to its Board of Directors to serve on it’s Audit and Nominating and Governance Committees, effective from 01 June 2012. Willam, who is the founder and ...
Tags: PartnerRe, reinsurance service, reinsurance, insurance, insurance product