Commercial lines insurer RSA and The Co-operative Insurance have signed a bilateral agreement to settle outstanding motor recoveries. The deal is designed to remove frictional costs, limit the need for claims handlers to get involved and ...
Tags: RSA, Cooperative Insurance, motor recovery, insurance
US based underwriter Chartis, a division of AIG insurers has incorporated PLL Power Pack Protect to its NextGen Protection suite of industry specific insurance products. The newly added insurance policy has been developed to address ...
Tags: Chartism, AIG, PLL Power Pack Protect, specific insurance products
Pacifico Seguros, a Peru-based insurance company, has implemented Guidewire InsuranceSuite as its new underwriting, policy administration, billing and claims management platform. The company has also deployed Guidewire Rating Management ...
Tags: Pacifico Seguros, Guidewire InsuranceSuite, policy administration
Everest Re Group has reported $250.9m in net income or $4.82 per diluted common share for the third quarter 2012, an increase of 298% compared to $63.1m, or $1.16 during the same period last fiscal. After-tax operating income, excluding ...
Tags: Everest Re Group, net income, quarter 3, insurance
UK’s Office of the Fair Trading (OFT) has directed the Competition Commission to probe the private motor insurance market in the country over allegations of unfair activities being carried out by insurers on motorists. Referring to ...
Tags: OFT, Competition Commission, motor insurance, insurance market
Argo Group International Holdings (AGII) unit Argo Pro has launched a new cyber liability insurance product, information & Professional Risk Playbooksm (iPRP) to address the exposures on information technology for businesses. The firm has ...
Tags: Argo Group, cyber liability insurance, insurance product, insurance
Japan's government is likely to provide insurance for tankers that import Iranian oil to Japan in the wake of the European Union sanctions on Iran in July 2012. The Nikkei business daily was cited by Reuters as reporting that it is ...
Tags: Japan, liability exposure, oil imports, Iran
The net income of private US property/casualty underwriters increased to $16.4bn in the first-half of 2012, as against $4.8bn during the same period in 2011. According to a report by US property-casualty insurance analyst firm ISO, the ...
Tags: net income, insurance analyst, ISO, profitability of insurer
Marshall & Swift/Boeckh (MSB) has signed an agreement with Pictometry International to add new Risk Visualization capability to RCT Express, in an effort to enhance risk assessment accuracy at policy creation for insurers. The partnership ...
Tags: MSB, Pictometry International, RCT Express, assessment accuracy, insurance
Ecclesiastical Insurance has selected IPK's edgeConnect user experience platform (UXP) to help expand the use of its policy administration system to any and all authorized users, creating an ideal user environment for policy transactions. ...
Tags: Ecclesiastical Insurance, IPK, policy administration system
Sutherland Asbill & Brennan has appointed Ellen Dunn to serve its litigation group in New York as a part of firm’s continued insurance practice expansion. Earlier, Dunn held services with Dewey & LeBoeuf's US litigation practice as ...
Tags: Sutherland Asbill Brennan, Ellen Dunn, insurance practice, expansion
Irish IT Consulting and Managed Services firm Version 1 has entered into a strategic partnership with TIA Technology, to offer services to Ireland's insurance and financial market. The partnership is expected to deliver complete ...
Tags: TIA Technology, Version 1, Ireland insurance, financial market
Keystone Insurers, a property and casualty insurance broker, has announced that Tennessee based agency Hollis & Burns has joined the firm as its 16th franchise partner in the state. Commenting on the appointment as the new franchise of ...
Tags: Keystone Insurers, Hollis and Burns, franchise partner, insurance
Keystone Insurers Group (KIG), a Pennsylvania-based property/casualty enterprise, has added three new franchise partners in Georgia. According to the company, the three new partners include Burch Insurance Agency of Hiawassee, Worth ...
Tags: Keystone Insurers Group, franchise partner, property, casualty, insurance
Fidelis Group Holdings (FGH) through its subsidiary, Continental Underwriters, has introduced a new $25,000,000 Excess Marine Liability facility for the maritime industry. To be offered by program insurer Houston Casualty Company (HCC), ...