Company News
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Company News
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Sagicor Life Insurance Has Completed Acquisition of Washington-Based PEMCO Life Insurance
Dec 3, 2012Sagicor Life Insurance has completed acquisition of Washington-based PEMCO Life Insurance including addition of the latter’s 7,500 policyholders to its existing 60,000 holders, further boosting an aim to improve the communities in ...
Tags: Sagicor Life Insurance, Pemco Life, acquisition, insurance
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Wells Fargo Insurance Has Selected Michael Murray as Senior Vice President
Dec 3, 2012Wells Fargo Insurance has selected Michael Murray as senior vice president and managing director for its Charlotte, North Carolina operations, as well as operations in Winston Salem, NC. and Greenville and Columbia, South Carolina, US. ...
Tags: Wells Fargo Insurance, Michael Murray, senior vice president
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WellPoint and Amerigroup Have Inked a Definitive Agreement
Dec 3, 2012WellPoint and Amerigroup have inked a definitive agreement in accordance with which the first will acquire Amerigroup, which will enable the acquirer to effectively and efficiently serve the growing Medicaid population. WellPoint expects ...
Tags: WellPoint, Amerigroup, Medicaid population, insurance
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VOD Has Obtained a Long-Term Insurance License to Venture Into South African Insurance
Dec 3, 2012Vodacom (VOD) has obtained a long-term insurance license to venture into South African insurance industry from regulatory agency, Financial Services Board (FSB). The current license is a long term along with the short term license granted ...
Tags: Vodacom, insurance license, South Africa, insurance industry
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Genworth Financial Has Appointed Daniel Sheehan IV as Senior Vice President
Dec 3, 2012Genworth Financial has appointed Daniel Sheehan IV as senior vice president and chief investment officer, effective from 30 April 2012. Sheehan will report to Genworth chief executive officer and chairman Michael Fraizer and will assume ...
Tags: Genworth Financial, Daniel Sheehan IV, investment officer, finance
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Genworth Financial Has Named Martin Klein as Its Acting Chief Executive Officer
Dec 3, 2012Genworth Financial has named Martin Klein as its acting chief executive officer and James Riepe as non-executive chairman of the Board, following the resignation of its current chief executive officer Michael Fraizer. Riepe said Fraizer ...
Tags: Genworth Financial, Martin Klein, director board, executive officer
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Arch Capital Group Has Registered That Its Net Income Available to Common Shareholders
Dec 3, 2012Arch Capital Group has registered that its net income available to common shareholders for the first quarter of 2012 was $157.8m, or $1.14 per share, against $19m, or $0.14 per share during the corresponding quarter of 2011. During the ...
Tags: Arch Capital Group, net income, first quarter, insurance
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Kodak Will Demonstrate Innovative Technologies
Dec 3, 2012US-based Kodak has unveiled new products and solutions at Graph Expo 2012. Kodak will demonstrate innovative technologies including KODAK Stream Inkjet Technology, KODAK PROSPER S-Series Imprinting Systems, new print capabilities of the ...
Tags: Kodak, innovative technologies, foremost imaging innovator
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Lubrizol Creates Heated Seal Coating to Replace Conventional Solvent Packaging
Dec 3, 2012Lubrizol, Ohio-based coatings and additives firm, has developed a variety of heated seal coating, BlisterBrand Pro, designed specifically for carded blister pack applications, which the firm claims is an alternative to conventional solvent ...
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Prudential Is in a Deal with Swiss Re to Purchase Part of The Latter's US Life Business
Dec 3, 2012The UK's biggest insurer by market capitalisation, Prudential is in a deal with Swiss Re to purchase part of the latter's US life assurance business for 398m pounds in cash. The deal would be carried out through Prudential's subsidiary, ...
Tags: Prudential, Swiss Re, life assurance, insurance
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Prudential Group Insurance Has Named Andrew Sullivan as The New Head of Business
Dec 3, 2012Prudential Group Insurance, a business of Prudential Financial, has named Andrew Sullivan as the new head of its disability business, with immediate effect. Sullivan, currently spearheading the underwriter's small market business segment, ...
Tags: Prudential Group Insurance, Prudential Financial, Andrew Sullivan
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Valeant Pharmaceuticals to Acquire Outstanding Common Stock of Medicis
Dec 3, 2012Valeant Pharmaceuticals has entered into agreement with Medicis Pharmaceutical to acquire all of the outstanding common stock of Medicis for $44.00 per share in cash. The transaction, which values Medicis's common stock nearly $2.6bn, ...
Tags: transaction, dermatology, clinical product
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The Lloyd's of London Insurance Has Put in Place a Contingency Plan
Dec 3, 2012The Lloyd's of London insurance has put in place a contingency plan and decreased its exposure to euro area countries, Lloyd's chief executive Richard Ward has confirmed. Richard Ward told The Sunday Telegraph newspaper that the firm was ...
Tags: London insurance, contingency plan, euro area, insurance, Lloyd
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Ruukki Construction Is to Initiate Employer-Employee Negotiations
Dec 3, 2012Ruukki Construction is to initiate employer-employee negotiations to improve operating efficiency. The negotiations affect a total of 324 employees in operations at the Vimpeli and Alajärvi plants, the building components and ...
Tags: steel, construction, building components, residential roofing
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Pacific Life Has Selected Anthony Premer as Senior Vice President
Dec 3, 2012Pacific Life, a US insurer has selected Anthony Premer as senior vice president, real estate investments, effective from 1 January 2013. Premer will take the place of Michael Robb who will be retiring at the end of the year after a ...
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