Basler Insurance has selected SAS Enterprise Guide to integrate its German Ring Life Insurance and German Ring Property-Casualty Group into a single business intelligence platform with a centralised data warehouse. SAS has been selected ...
Tags: Basler Insurance, selected, SAS Enterprise Guide, life insurance
Health service and insurance provider Cigna has inked an agreement to buy 51% stake in Finans Emeklilik, in Turkey through in-branch banking channels, forming a joint venture (JV) with Finansbank to market life and pension products in the ...
Tags: Cigna, Finansbank, joint venture, life and pension products
US insurance holding company Torchmark has purchased a privately owned supplemental health insurance provider Family Heritage Life Insurance Company of America, for nearly $232m. The transaction is expected to be immediately accretive to ...
Shenandoah Life Insurance Co has successfully exited receivership, following a $60m capital infusion. The Virginia State Corporation Commission ordered about the transaction, allowing the firm to resume normal operations, such as ...
Tags: Shenandoah Life Insurance Co, insurance companies, policyholders
American International Group's (AIG) life and retirement business has purchased Woodbury Financial Services from The Hartford, for an undisclosed sum. The acquisition follows a definitive agreement that was signed on 31 July 2012. On ...
Tags: AIG, life and retirement business, purchased, Advisor Group
Mitsui Sumitomo at Lloyd’s, a part of the MS&AD Group has appointed two senior underwriters, in a bid to leverage and increase its international liability insurance market share. The company has appointed Peter Graham, a former ...
Tags: Mitsui Sumitomo, senior underwriter, liability insurance, insurance
Symetra Life Insurance has formed a new dedicated group life and disability income (DI) insurance claims team with advanced capabilities to offer integrated claims and absence management support to employers and their employees. Based in ...
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ACE has appointed Jeff Hobson as branch manager of its Leeds office, in a move to further strengthen its regional management team within its UK and Ireland region. The commercial line insurer said that Jeff's appointment takes place with ...
Tags: ACE, Jeff Hobson, regional management, insurance
BS reported that investors in the Hindustan Copper auction issue are already staring at a loss. The price fell below the government set auction floor price of INR 155 on 27th 2012. The issue had been subscribed largely by public sector ...
Tags: Hindustan Copper, LIC, INR 153
Lincoln Financial has registered a net income of $402m, or $1.41 per diluted share, for the third quarter of 2012, from $153m, or $0.47 per diluted share during the same period last fiscal. Third quarter income from operations stood at ...
Tags: Lincoln Financial, net income, third quarter, disability insurance
The Plateau Group has entered into an agreement to acquire Individual Assurance Company's (IAC) credit and group mortgage insurance business in an undisclosed reinsurance transaction. As part of the agreement, major part of the IAC sales ...
Tags: Plateau Group, Individual Assurance Company, acquisition
Property and casualty insurer ACE has promoted Lauretta Alberti as senior environmental insurance underwriter for the Benelux and Nordic region. Lauretta will report to Dorothee Prunier, environmental insurance manager, continental Europe ...
Tags: ACE, Lauretta Alberti, environmental insurance, insurance
Vienna Insurance Group has completed the merger of non-life insurers InterRisk and PZM to expand its market presence in Poland. InterRisk and PZM achieved premiums of over EUR80m in the first quarter of 2012 and the two companies will ...
Tags: Vienna Insurance, merger, InterRisk, insurance market
Global property and casualty insurer ACE has inked a definitive agreement with Ally Financial to acquire ABA Seguros in Mexico for nearly $865m in a cash transaction. Commenting on the deal, ACE chairman and chief executive officer Evan ...
Tags: ACE, Ally Financial, ABA Seguros, acquisition
The ACE Group, a provider of insurance and reinsurance services, has appointed Juan Alberto Vélez Arredondo as its new regional president for Latin America, ACE Life. Reporting to ACE Life president Russell Bundschuh, Velez will be ...
Tags: ACE Group, insurance, reinsurance service, insurance service