Sagicor 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
ACE has appointed Mark Homan as the Executive Vice President of Casualty, for ACE’s international insurance operations, effective from 1 July 2012. Based in London, Mark Homan will succeed Keith Stibbards and will report to David ...
Tags: ACE, Mark Homan, international insurance operation, insurance
Univest Corporation and its insurance subsidiary, Univest Insurance has bought Javers Group, which offers comprehensive human resource management, payroll and administrative services. The acquisition of Javers will enable the underwriter ...
Tags: Univest Corporation, Javers Group, acquisiton, human resource management
Kingsway Financial Services and its subsidiary 1347 Capital has finalised the purchase of certain tangible and intangible assets and liabilities of Florida-based Intercontinental Warranty Services (IWS). IWS is a provider of after-market ...
RBS is looking for viable ways to dispose its car and home insurance business in the UK, which may fetch 7bn pounds. The partly government owned bank abandoned the disposal of the underwriting firm through bid approaches from trade buyers ...
Tags: RBS, car insurance, home insurance, insurance
XL has appointed Chris Dougherty as new chief financial officer to manage the company’s global insurance operations including financial reporting and planning, accounting, budgeting and financial analysis. XL Group's Insurance ...
Tags: XL, Chris Dougherty, financial officer, global insurance operation
UK-based insurance company, Aviva is reportedly putting its South Korean and Sri Lankan businesses up for sale as part of its strategy to raise money to protect against its comparetively higher eurozone exposure. Reuters reported the ...
Tags: insurance, Aviva, insurance market, insurance business
US-based independent insurance agency, InPro Insurance has acquired Falvay-Counihan Insurance for an undisclosed amount. As part of the acquisition, InPro takes hold of Falvay-Counihan's book of property and casualty insurance business, ...
Tags: InPro, insurance agency, undisclosed amount, American insurance
Sino-US United MetLife Insurance Company(MetLife),a joint venture launched by a subsidiary of MetLife and Shanghai Alliance Investment(SAIL),has inked an insurance business cooperation agreement with China based media and branding company ...
Tony Prestedge is COO at Nationwide.He joined the building society halfway through a GBP1bn IT transformation which he then took charge of.He talks to Computer Weekly about the progress being made,the benefits already being seen and what ...
Tags: ageing IT systems, up to date, virtualise desktops, data warehouses
Maryland-based Coventry Health Care has announced receipt of approval from its stockholders for the proposed acquisition by Connecticut-based Aetna. Aetna had inked an acquisition agreement with Coventry in August 2012. The company is ...
Tags: Coventry Health Care, Aetna
Industrial Investment Trust Ltd(IITL)has emerged to be the preferred bidder among its rivals to acquire the life insurance business of Future Group. Future Group has inked a non-binding agreement with non-banking finance company IITL,to ...
Ohio National Financial Services(Ohio National),a US-based provider of insurance products,has deployed Insurance Technologies'FireLight solution for electronic term life insurance business processing. The FireLight will enable Ohio ...
Bermuda based Enstar has embarked a definitive agreement with HSBC Finance, pursuant to which the former will acquire all of the shares of Household Life Insurance Company of Delaware and HSBC Insurance Company of Delaware, from Household ...
Tags: Enstar, HSBC, Canadian Life Insurance
Industrial Alliance Insurance and Financial Services have inked a deal to offload by way of indemnity reinsurance and assumption reinsurance, all its US fixed annuities and accumulation riders to Security Benefit Life Insurance and ...
Tags: Industrial Alliance Insurance, Financial Services, indemnity reinsurance