South Africa's financial services group Sanlam Emerging Markets (SEM) in engaged in negotiations with Nico Holdings, to acquire 49% stake in the general insurance operations in Malawi, Tanzania, Uganda and Zambia. Financial terms of the ...
Tags: General Insurance
Commonwealth Annuity and Life Insurance Co, a subsidiary of Global Atlantic, has acquired Aviva USA’s life insurance business following receipt of all necessary regulatory approvals. Global Atlantic Financial Group is a multiline ...
Tags: Life Insurance
French diversified financial service conglomerate SCOR Group has acquired the US life reinsurance business of Italy-based insurer Generali Group, for total gross proceeds of $910m in a combination of cash and collateral. The acquisition, ...
Tags: SCOR Group, Life Reinsurance
Bermuda-based AXIS Capital has set up a new syndicate to expand its global underwriting platform, and provide access to Lloyd’s worldwide licenses and distribution network. Named AXIS Syndicate 1686, will be managed by Asta Managing ...
Tags: Insurance, Underwriting Syndicate
Global insurance market Lloyd's has posted a profit of $2.1bn for the six-month period ended on 30 June 2013, compared to $2.4bn recorded during the corresponding period last fiscal. Gross written premium increased by 4.9% to $23.9bn from ...
The Travelers Companies is planning to launch a new private passenger automobile product, Quantum Auto 2.0, which would offer more customized and segmented services, increased competitive pricing features, and new discounts for consumers. ...
Tags: Travelers, Quantum Auto
British insurer Legal & General Group has selected SSP Select Connect for deployment in its general insurance business, to boost efficiency and customer service. The underwriter said that it will integrate SSP Select Connect with its ...
Kansas Insurance Department has imposed a monetary penalty of $9,000 against an Ohio-licensed insurance marketing firm, Lead Generating Systems, for its unlawful insurance marketing practices. While issuing a cease and desist order, ...
Foreign insurance giants have cast eye on the Chinese vehicle insurance market in succession. Hubei Biocause Pharmaceutical Co., Ltd. (SZSE: 000627), a shareholder of Tianping Auto Insurance Co., Ltd., said in a statement on September ...
Tags: Vehicle Insurance, Service
XL Group, an insurance and re-insurance company, has appointed Louise Dennerstahl as head of its International Professional insurance business in the UK. Dennerstahl previously worked with Zurich Insurance as CEO of the Nordic region. ...
Hong Kong insurance industry has reported gross premiums of $143.7bn in the first half ended on 30 June 2013 (H1), up 14.5%, compared during the same period in 2012, according to the Office of the Commissioner of Insurance. For the long ...
Tags: Insurance
Radian Guaranty, a mortgage insurance subsidiary of Radian Group (RDN), has inked a master transaction agreement related to a group of 25,760 first-lien mortgage loans held by Freddie Mac. Freddie Mac became delinquent as of 31 December ...
Tags: Radian Guaranty, insurance
ProSight Specialty Insurance has chosen iPartners’ business intelligence and data warehouse technologies, to offer better business analytics and data management, common tools across the enterprise, and speedy value through SaaS ...
Risk Management Services (RMS) has launched Group Errors & Omissions (E&O) insurance plan for life and health insurance agents in partnership with Gotham Insurance. The new plan, which is underwritten by Gotham Insurance, offers two ...
Tags: Insurance Plan, Insurance
Netherlands-based financial conglomerate ING has inked an agreement with Seoul-based private equity firm MBK Partners, to divest its South Korean insurance business, in a transaction valued at nearly KRW1.84trn (€1.24bn). Following ...
Tags: Insurance, MBK Partners