Washington-based western-regional surplus lines brokerage and managing general agent (MGA), Cochrane & Company has completed acquisition of Prowest Insurance Services for an undisclosed amount. As part of the transaction, Prowest will ...
Tower Group International (TWGP) has inked a deal to purchase American Safety Reinsurance (ASRe), the Bermuda-based reinsurance firm, from Fairfax Financial, at a total consideration of nearly $59m. After completion of the transaction, ...
Tags: Tower Group, Fairfax Financial
XL Group has unveiled a new Reinsurance Global Emerging Markets unit to benefit development in reinsurance markets. Led by Philippe Rochaix, who is currently in charge of the Latin America Reinsurance operations, the unit will form part ...
Tags: XL Group, Emerging Markets
MajescoMastek, a core insurance systems and services provider to P&C and Life insurance carriers in North America, has launched an enhanced version of STG Policy Administration (STG Policy) at the IASA Educational Conference and Business ...
Tags: STG Policy, MajescoMastek
IT services and solutions provider Discoverture Solutions has partnered with MphasiS to jointly provide property & casualty (P&C) implementation services to customers in North America and worldwide. Headquartered in Scottsdale, Arizona, ...
New York City-based private equity company Southport Lane has acquired Imperial Management Corporation along with its subsidiary, Imperial Fire & Casualty, in an all-cash transaction. Headquartered in Louisiana, US, Imperial Fire & ...
Tags: insurance, Southport Lane
Genworth Financial has debuted its first Index Universal Life (IUL) insurance product, which integrates a death benefit with tax-deferred cash accumulation and an optional Accelerated Benefit Rider for Long Term Care Services. With a ...
Tags: Life Insurance, Genworth Financial
Reality estate has been one of the most significant drivers of the economy for many years. No country can grow without infrastructure; it paves the way for newer business. One cannot imagine the completion of any plan related to ...
Tags: Reality estate, Service
Global risk advisor, insurance and reinsurance broker, Willis Group's Maryland subsidiary has completed acquisition of accounts and certain personnel formerly associated with Maryland-based employee benefits insurance broker T.E. Burke & ...
Tags: risk advisor, Willis Group
Allianz Global Assistance and RacePartner have jointly launched Registration Protector, a race registration insurance aimed to protect registration fees for event organizers and participants. RacePartner co-founder Robert Anderson said ...
Tags: Racepartner, Allianz
FCT Group has signed a ten-year partnership agreement with Nationwide Appraisal Services (NAS) to offer an efficient, low cost, end-to-end solution extending between valuation and closing services to the customers. FCT Lender Services ...
International Kanbawza Insurance (IKBZ) has started offering new insurance services in Myanmar and is writing six different types of coverage, including life, fire, surety bonds, transportation, cargo and money secure. Kanbawza Group ...
The Multifamily Production Index (MPI), released recently by the National Association of Home Builders (NAHB), inched down two points to an index level of 52. It is the fifth straight quarter with a reading over 50. The MPI measures ...
Tags: Apartment, Condominium
New York-based Utica National Insurance Group (Ultica) has deployed MajescoMastek's STG billing system on a private cloud to improve its customer experience. Replacing its 30 year old traditional billing system, STG billing solution will ...
New York-based insurer MetLife has eliminated the jobs of 2,500 advisers, representing a third of total, in a bid to save operational cost and make the company more productive. Other reasons of the job cuts as dictated by the company ...