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
Midas Underwriting has unveiled two new non-standard personal motor policies for performance cars and classic sports cars. Midas Classic Car is available for sports cars that are at least 15 years old and cover a maximum annual mileage of ...
Tags: Midas Underwriting, non-standard personal motor policies
RBC Insurance and Shoppers Drug Mart Corporation have introduced co-branded travel insurance product offerings through the Shoppers Drug Mart website, effective from 16 February. Sold exclusively online, the travel insurance is the latest ...
Tags: RBC Insurance, Shoppers Drug Mart Corporation, travel insurance product
Zurich Insurance Group has reported a business operating profit (BOP) of $4.1bn for the full year 2012, down by 4% from $4.24bn during the same period last fiscal. Net income after tax attributable to shareholders (NIAS) stood at $3.9bn, ...
Tags: Zurich Insurance Group, BOP, 2012
MAG Mutual Insurance Company (MMIC) has revealed its intention to purchase South Carolina Physician Assurance Company (SCPAC), a writer of physician liability insurance in US. Subject to execution of a final definitive agreement, final ...
Tags: MMIC, South Carolina Physician Assurance Company, SCPAC
Health insurance products provider Assurant Health has signed an agreement with Zensar Technologies, to provide information technology support for its suite of business applications. Under the terms of the five-year agreement, Zensar will ...
Tags: Health insurance products, Assurant Health, Zensar Technologies
US health insurer Aetna has introduced a new product offering for members of the Flexible Benefits Plans (FBP) Employers Association. As part of the affinity program, the company will make its individual, small group and Aetna Voluntary ...
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 ...
UNFCU Financial Services has purchased a privately-held, full service commercial and personal insurance agency, Industrial Coverage Corp (ICC), to offer competitively-priced insurance programs to its US-based members. Under terms of the ...
Tags: UNFCU Financial Service, ICC, personal insurance agency
American International Group (AIG) has signed a bancassurance agreement to serve as exclusive provider of non-life insurance products to HSBC Group customers in Turkey and France. Following the partnership launch in the first half of ...
Tags: AIG, bancassurance agreement, HSBC
PVI Sun Life Insurance has received regulatory approval from both Vietnam and Canada regulators to operate its life insurance business in Vietnam. Set up as a joint venture (JV) between PVI with 51% stake and Sun Life Assurance Company of ...
Everest Insurance Company of Canada (EvCan) has appointed David Crozier as its new chief executive officer, effective from 21 January 2013. In his new role, Crozier will be responsible for expanding the company's specialty commercial ...
Tags: EvCan, Insurance Company, insurance industry
Commercial lines writer W R Berkley has established a new underwriting firm, Berkley Southeast Insurance Group, to offer commercial insurance services and expertise in six southeastern states in the US. Based in Atlanta, Georgia, the new ...
Tags: Insurance Group, underwriting firm, insurance products
Xchanging's insurance software business Xuber has launched a fully-integrated claims management service, to meet the needs of commercial insurer and reinsurer across the globe. Dubbed as Xuber Claims, the platform can be deployed ...
Tags: Xchanging, insurance software, Xuber
Health insurer Aetna has signed a four-year reinsurance arrangement with Vitality Re IV Limited, a Cayman Islands domiciled exempted company. Signed as part of Aetna's long-term capital management strategy, the agreement enables the ...