Myanmar's Directorate of Investment and Company Administration (DICA) has granted a regulatory approval to The ACE Group for establishment of a representative office in the country. Scheduled to be opened in Yangon, the new office will ...
Tags: ACE Group, Investment
Switzerland’s multi-line insurance provider Zurich Insurance Group has reported a business operating profit (BOP) of $1.4bn and net income attributable to shareholders (NIAS) of $1.1bn for the three months ended on 31 March 2013. ...
Tags: Zurich Insurance, Insurance
HSBC Middle East has inked an exclusive agreement with Zurich Insurance Middle East for distribution of its personal and commercial general insurance products in the UAE over the next ten years. Involving distribution in other Middle East ...
Tags: General Insurance, HSBC
Foresters, a provider of life insurance products and annuities, has introduced a new participating whole life insurance product to offer cost-effective permanent insurance options to families across Canada. Dubbed Familylife, the new ...
Tags: Foresters, Whole Life Insurance
Allianz Life Luxembourg has selected Solfia’s Software as a Service (SaaS) platform as its new middle-office platform, with a strategy to manage the internal funds of its life insurance contracts. The life insurer is planning to go ...
Allianz Life Insurance Company of North America (Allianz Life) has promoted Michele Roepke as the new assistant vice president of Human Resources (HR) to address requirements of multiple business areas. Reporting to chief human resources ...
Tags: Allianz Life, Life Insurance, Insurance
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 ...
Zurich has introduced new corporate accident and business travel cover for all sizes of business, to meet the needs of business people who need to travel, often to less developed countries. The corporate accident cover will be paid to ...
Tags: Zurich, instant, travel cover
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
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
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 ...
US-based Protective Life Insurance Company has rolled out an assortment of guaranteed universal life insurance products, in a bid to offer simple and affordable life insurance policies to its customers. The product suite includes Custom ...
Tags: Protective Life Insurance, guaranteed universal life insurance products
The Prudential Insurance Company of America has closed the acquisition of The Hartford’s individual life insurance business through a reinsurance transaction, valued at $615m in cash. The acquirer is expected to receive nearly $7bn ...
Tags: Prudential Insurance, acquisition, America, Hartford
Swiss life insurer has selected Pegasystems's software solution to help automate its commercial underwriting process in Switzerland. Automation of commercial underwriting process that comprises both broker and agent channel, several ...