American International Group (AIG) has set up a new business unit, known as Connective Mortgage Advisory, with an aim to identify and purchase residential mortgages for investments. Leveraging AIG's investment expertise and the experience ...
Tags: AIG, loan-servicing component, insurer
An undisclosed US publicly funded health care insurance programs provider has expanded the use of Kofax solution to enhance medicare claims processing efficiencies. Over $500,000 has been invested by the company to extend Kofax solution ...
Tags: Kofax solution, health care insurance programs, medicare
Auto-Owners Insurance has signed a multi-year partnership agreement with Mitchell to deploy its WorkCenter Total Loss solution to enhance customer satisfaction. The solution produced accurate valuations, increased first-call settlement ...
Tags: Auto-Owners Insurance, Mitchell, WorkCenter Total Loss solution
The Co-operators Group, a multi-product insurer, has selected Guidewire Software’s Rating Management and Reinsurance Management solutions. Guidewire Reinsurance Management will manage Co-operators Group's ceded property/casualty ...
Tags: The Co-Operators, Additional Guidewire Solutions, Guidewire Reinsurance
Dutch financial conglomerate ING has agreed to dispose of its 36.5% % stake in Brazilian joint venture (JV) SulAmérica, to its partner Larragoiti Family, for an undisclosed sum. Without revealing further terms of the agreement, the ...
Dutch insurer ING has disposed of its underwriting businesses in Hong Kong, Macau and Thailand to Pacific Century Group (PCG), for a combined consideration of €1.64bn ($2.14bn) in cash. ING insurance operations in Hong Kong and Macau ...
Life insurer MetLife is planning to refund nearly $190m to American International Group (AIG) following a victory by one of its units in legal proceedings filed in a Tokyo court. The American Life Insurance Co (Alico), which won the ...
Tags: MetLife, Life insurer, AIG
US-based Sagicor Life Insurance Company has named Bart Catmull as the new president & chief operating officer (COO) of the company, effective from 1 April 2013. In his new job, Catmull will manage all aspects of Sagicor operations in the ...
Tags: Sagicor Life Insurance, Bart Catmull, COO
US insurer Pacific Life has added a new product, dubbed Pacific Secured Buy-In, to its comprehensive portfolio of pension risk-transfer products. Pacific Life Institutional & Structured Products vice president Richard Taube said Pacific ...
Kofax, provider of smart process applications for the business critical First Mile of customer interactions, has unveiled Kofax Mobile Capture Auto Claims application for auto accident claims. The First Notice of Loss (FNOL) smart process ...
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 ...
The number of exclusive agencies at Allstate Corp. is down. In a document filed Wednesday with the Securities and Exchange Commission, Allstate said it has about 9,300 exclusive agencies. That's down from about 10,000 in 2011. But it ...
Tags: market share, Allstate, insurance
US life insurer MetLife is likely in the process of selling its UK bulk annuities business, MetLife Assurance Limited, in a deal which might be valued around pound 1bn, in a bid to consolidate its operations. The sale is part of the ...
Banks, property trusts, consumer staples and energy companies pushed the sharemarket to its highest close since September 2008, as investors digested earnings reports while awaiting the overnight release of minutes from the US Federal ...
Tags: Banks, property trusts, consumer staples, energy companies
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