American International Group (AIG) has reported net income attributable to the company of $2.2bn and after-tax operating income of $2bn for the first quarter of 2013, compared to $3.2bn and $3bn, respectively during the same period last ...
Global property and casualty insurer ACE Group has launched new ACE Express Private and ACE Express Not-For-Profit health care protection polices to provide comprehensive management liability coverage for health care organizations. ...
CBIZ, a Cleveland-based business consultancy, has purchased Minneapolis-based insurance brokerage agency Associated Insurance Agents (AIA), in a bid to boost its insurance capabilities. Financial terms of the transaction were not ...
Tags: CBIZ, Insurance Agents
US ambulatory surgery centers (ASCs) network, Surgery Center Network (SCN) has signed an agreement with Gallagher Healthcare to provide members with a property, casualty and medical malpractice rate estimator, discounted insurance rates and ...
Illinois-based Applied Systems has completed purchase of property and casualty (P&C) business of IVANS, a provider of technology solutions for data exchange and integration between insurance carriers and agencies, for an undisclosed amount. ...
Global property and casualty insurer ACE has completed the acquisition of Mexican personal lines insurer ABA Seguros from Ally Financial for nearly $690m in cash, after offering a $175m pre-closing dividend to the seller. The definitive ...
Tags: casualty insurer, ABA Seguros
US property and casualty insurance broker, Keystone Insurers Group is planning to start adding partner agencies in Illinois to its franchise operations during the fourth quarter of 2013. According to initial plans, a total of ten ...
Tags: Keystone, Franchise Operation
Univest Corporation of Pennsylvania (UVSP) and its insurance subsidiary has successfully completed acquisition of John T. Fretz Insurance Agency, a family-owned-and-operated full-service property and casualty insurance agency. The ...
Tags: Insurance Agency, Univest
A major UK Insurer has awarded a multi-year agreement to Symbility Solutions for integration of claims management software and mobile scoping tool into its organization through its European partner, The Innovation Group (TIG). Scheduled ...
Tags: UK Insurer, Symbility Solution
The Hartford has reported net loss of $241m, or $0.58 per diluted share, against net income of $96m, or $0.18 per diluted share, during the first quarter a year ago. First quarter net income included a $541m, after tax, unlock charge due ...
Allied World Assurance Company Holdings (AWH) has registered net income of $159m, or $4.49 per diluted share, for the first quarter of 2013, against $218.2m, or $5.70 per diluted share, during the year ago period. For the quarter period ...
Tags: Allied World Assurance, Service
General insurance provider AXA has agreed to acquire 50% shareholding in Chinese property & casualty insurer Tian Ping Auto Insurance Company (Tian Ping), for a total consideration of €485m. As part of Ambition AXA strategy, the deal ...
Tags: insurance provider, insurance
US mutual insurer Sentry Insurance has introduced a mobile version of its risk management solution at the 2013 RIMS Annual Conference & Exhibition in Los Angeles, US. Dubbed Sentry Insight Mobile, the new solution offers an enhanced, ...
The Medical Society of Virginia Insurance Agency (MSVIA) has selected Digital Insurance, an employee benefits-only agency, as partner to help manage its employee benefits program, beginning April this year. Under the terms of the ...
Tags: MSVIA Partners, Digital Insurance
The readymade garment industry of Bangladesh is suffering from a severe image crisis in the international markets because of concerns about labor safety arising from recent fire incidents in two garment factories, which resulted in a ...
Tags: Garment Sector, Garment