Tower Group has reported a net loss attributable to common shareholders of $28.2m or $0.73 per share for 2012, compared to a net income of $60.5m or $1.48 per diluted share, during the same period last year. The operating loss stood at ...
Tags: Tower Group, net loss, common shareholders
Multi-line commercial property and casualty (P&C) insurance company Society Insurance (Society) has selected Cover-All Policy to upgrade its entire policy platform. Society Insurance's policy platform comprises rating, quoting, ...
Tags: P&C insurance, Society, Cover-All Policy
Volaris Group, a wholly owned subsidiary of Constellation Software, has completed acquisition of Information Distribution & Marketing (IDMI) for an undisclosed amount. The transaction represents the company's first acquisition in the ...
Tags: Volaris Group, IDMI, Constellation Software
Liberty Mutual Insurance has added the new View Status function to its MyLibertyMobile application to help its group life and disability policyholders to provide their employees with a convenient way to view leave time and claim details on ...
Unico American Corporation (UNAM) has selected Insurance Systems to deliver a new policy administration system for its subsidiary, Crusader Insurance Company. Apart from providing ISI Enterprise, which Unico plans to implement as its core ...
Tags: UNAM, Insurance Systems, Insurance
White Mountains Solutions Holding Company has signed a definitive agreement to buy a runoff insurance subsidiary of Leucadia National Corporation (LUK), Empire Insurance. Subject to customary closing conditions and regulatory approval ...
Tags: White Mountains, Empire Insurance, Insurance
Broker-sourced specialty property and casualty insurance coverage provider Ironshore has completed acquisition of a managing general underwriter, Excess Risk Reinsurance (ERR), for an undisclosed amount. As part of the acquisition, ERR ...
American Financial Group has reported net earnings attributable to shareholders of $50m, or $0.54 per share for the fourth quarter of 2012, against $109m, or $1.09 per share during the same period earlier year. The P&C specialty insurance ...
Tags: American Financial Group, net earnings, 2012
Property and casualty underwriter ACE Group has started underwriting energy risks through Syndicate 2488 at Lloyd’s of London in an effort to expand its global portfolio. The initiative represents the company's commitment to boost ...
Tags: ACE Group, energy risks, Lloyd
Florida-based auto insurance provider Windhaven Insurance has selected Medata’s automated system to review its bill. Windhaven Insurance operations manager Jennifer Arango said that the Medata's automated system provides ...
Tags: auto insurance provider, Windhaven Insurance, Medata's automated system
HVAC Investigators (HVACi) has announced availability of its iCheck desktop review service to property and casualty (P&C) insurance carriers throughout the US. The service provides insurance adjusters evaluating HVAC claims with a simple ...
Tags: HVACi, iCheck desktop review service, P&C insurance carriers
AssuredPartners, an insurance brokerage firm, has promoted Eric Anderson from senior vice president to regional executive vice president, effective immediately. In the new role, Anderson will focus on identifying opportunities for ...
Tags: AssuredPartners, insurance brokerage firm, Eric Anderson
TowneBank has completed the acquisition of Greenville-based insurance agency The Clement Companies, in a bid to expand into North Carolina. Following this acquisition, The Clement Companies will affiliate with the acquirer's wholly-owned ...
ACE USA has rolled out a new insurance product, known as ACE Public Entity Retained Limits Policy Endorsement, to offer integrated first-party pollution coverage for public entities. The improved policy integrates public official ...
Tags: ACE, insurance produc, public entities
Workers' compensation solutions provider Patriot National Insurance Group has completed sale of its affiliate, TriGen Insurance Solutions. The company was acquired by Carla Busick and Chris Rhoden, who served as its chief executive ...
Tags: Patriot National Insurance Group, TriGen Insurance Solutions, Workers