Phoenix Aviation Managers has introduced a new policy Aviation Manufactured Products Liability Coverage for the manufacturers of non-critical aircraft parts and components. The new product offers liability limits of up to $50m CSL ...
Multiline insurance and reinsurance company Global Atlantic Financial Group has signed an agreement to buy Forethought Financial Group, a US-based financial services company with life insurance and annuity operations. Pending regulatory ...
Tags: insurance, reinsurance
Indonesian joint venture partners Sinar Mas Group and CT Corp are planning to divest their share in insurance company Mega Life to a foreign partner. Established in 2003 as an insurance joint venture (JV) between Sinar Mas and CT Corp, ...
Bermuda-based AXIS Capital has set up a new syndicate to expand its global underwriting platform, and provide access to Lloyd’s worldwide licenses and distribution network. Named AXIS Syndicate 1686, will be managed by Asta Managing ...
Tags: Insurance, Underwriting Syndicate
UK general insurer Allianz Insurance has implemented Guidewire’s claims management system ClaimCenter standardize claims handling processes. According to Guidewire, the system will provide visibility into claims operations, data ...
Global insurance market Lloyd's has posted a profit of $2.1bn for the six-month period ended on 30 June 2013, compared to $2.4bn recorded during the corresponding period last fiscal. Gross written premium increased by 4.9% to $23.9bn from ...
United American Insurance Company has chosen iPipeline’s iGO e-App, with a strategy to modernize marketing of its medicare supplement insurance. The intelligent fillable form software offers speed-to-market advantages and reduces ...
Bermuda-based specialty insurer Arch Insurance Group has rolled out increased limits product of up to $5m on its General Liability coverage in the newly formed Contract Binding Operations. Currently, the Arch Contract Binding Operations ...
Tags: Eastern Insurance
Specialty insurer ProAssurance has reached an agreement to purchase Eastern Insurance Holdings (EIHI), for $24.50 per share in an all-cash transaction valued at nearly $205m. Under the terms of the agreement, which is likely to conclude ...
Tags: Proassurance, Eastern Insurance
Sun Life Financial's US business group has introduced a new Stop-Loss Cancer rider, to help employers better protect themselves and their employees against the costs of cancer treatment. The insurer said that the rider offers an enhanced ...
Tags: Sun Life, Cancer Costs
eHealth, an online private health insurance exchange, has selected and inked a contract to integrate Intuit’s TurboTax (INTU), with its online health insurance comparison and enrollment tools. Following completion of the ...
Tags: Health Insurance, Service
Auto Pros USA has deployed cheap car insurance quote finder in a bid to enable its customers to get insurer rates immediately for full coverage and liability policies online. The company said that after researching companies the ...
Tags: Car Insurance, Service
American General Life Companies, a part of AIG, has rolled out a highly flexible guaranteed universal life insurance policy, known as AG Secure Lifetime GUL II. Issued by American General and US Life Insurance Company in the City of New ...
Tags: American General, Life Insurance
Chilean financial institution CorpGroup is mulling over divestment of its insurance division to a pension fund manager, Inversiones La Construccion (ILC), in a deal worth approximately $165m. The company, which manages CorpBanca, said ...
Boston-based Liberty Mutual Insurance’s group benefits unit has launched a new online capability for group life insurance beneficiaries, to offer speedy and easy access to important claims documents and information. Using a secure ...