Groupama Insurances, a UK-based general insurer, has introduced two new classic vehicle policies to help brokers access specific products designed for classic car owners. Dubbed Optima Classic Car and Optima Classic Bike, the new classic ...
Tags: Groupama Insurances, UK, general insurer, vehicle policies
Canada-based Sun Life Financial and Malaysian investor Khazanah Nasional are planning to acquire life insurer CIMB Aviva in Malaysia, in a deal valued at MYR1.8bn ($596m). Both firms will jointly purchase 98% of the life insurer in order ...
Tags: life insurer, CIMB Aviva, financial services markets, insurance company
American International Group(AIG)has inked a$400m reinsurance transaction with Compass Re to provide peak-zone protection against US hurricanes and earthquakes. In order to fund its potential obligations to AIG,Compass Re has also issued ...
Tags: AIG inks, 400m dollars reinsurance coverage, deal with Compass Re
As global auto glass conglomerates continue to expand abroad, North American auto glass shops can gauge industry trends by looking on a worldwide scale. Recent news coming out of the UK may be a sign of things to come. An international ...
Tags: auto glass, Aviva, glass, insurer, car insurance
UK-based insurer Aviva has sold its remaining stake of 19.4% in Dutch insurer Delta Lloyd for 353m, as part of its strategy to reorganize operations. Aviva sold all its 34 million shares in Delta Lloyd for €12.65 per share, ...
Tags: Aviva, stake, insurer, share, life insurance, general insurance
South Korean insurer Kyobo Life Insurance is selling 30% of its stake in the firm in an auction, which is expected to be worth $2bn. Sources close to the matter told The Financial Times that the deal has attracted interest from private ...
Auto-Owners Life Insurance has selected a new end-to-end system, MphasiS-Wyde Wynsure software, for its life policy issuance and administration, billing, claims and reinsurance. Selected against several other competing vendors, the ...
Tags: Auto Owners, Life Insurance, system, MphasiS Wyde Wynsure software
Edgewood Partners Insurance Center (EPIC), a California-based insurer, has signed an agreement for acquisition of Homeplace Insurance Brokers. As part of the acquisition, Homeplace's team will conduct operations under the leadership of ...
Tags: Edgewood Partners Insurance Center, insurer, Homeplace's team
A German insurance company has opted to implement ReadSoft's product XBOUND in order to handle incoming data to its new document storage system. The insurance company signed a deal worth euro 553,000 with ReadSoft in the fourth quarter of ...
Tags: ReadSoft, nsurance company, XBOUND, incoming data, document storage system
Reliance Life Insurance Company (RLIC) has introduced a new distribution format, Career Agency, intended to boost its business operations across the country. Under the new distribution channel, the company will appoint 5,500 career agents ...
Tags: RLIC, distribution format, Career Agency, business operations
US-based insurance agency Neace Lukens has acquired Davis-Garvin Agency for an undisclosed amount. A major insurer in the forest products industry, Davis-Garvin operates through four satellite offices located in Macon and Valdosta, ...
Tags: US, insurance agency, Neace Lukens, Davis Garvin Agency
BERKSHIRE, ENGLAND, July 12, 2012 /24-7PressRelease/ -- In a world in which people have become entirely dependant on their iPhones and Smartphones for personal and professional use, it goes hand in hand that they take their essential ...
Tags: Smartphones, iPhones, key motivator, Monetary Value
Xerox is being sued by systems integrator CedarCrestone over payments related to an Oracle PeopleSoft upgrade at insurer CIGNA. CedarCrestone is looking to recover about $1.8 million it says Xerox still owes it, according to the lawsuit, ...
Tags: Xerox, CedarCrestone, payments, Oracle PeopleSoft, Software Project Dustup
US-based health insurer WellPoint (WLP) has closed the acquisition of Amerigroup, in a bid to effectively serve the growing Medicaid population in the country. The acquirer expects the acquisition of Amerigroup to boost its core business ...
Tags: WLP, health insurer, acquisition, Amerigroup
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 ...