Benefits, insurance and wealth management services provider National Financial Partners (NFP) has purchased the Wood Insurance Group (WIG), a professional liability insurance provider, for an undisclosed sum. Following completion of the ...
Tags: Insurance Group, insurance
Manulife Financial has entered into business arrangements to reinsure the travel insurance coverage sold by Canada-based RBC Insurance through travel agencies. The companies, however, have not disclosed financial terms of the ...
Tags: Insurance
EGI Financial (EGI) has inked a definitive stock purchase agreement with a specialty insurance firm, White Pine Insurance Company (White Pine), to dispose of its US non-standard automobile insurance operations. Based on the agreement, ...
Tags: EGI Financial
Marsh & McLennan Companies has reported a net income of $388m, or $.69 per share for the second quarter of 2013, compared to $329m, or $.59 per share during the corresponding period earlier year. Commenting on the financial result, Marsh ...
Tags: Marsh&McLennan, Insurance
Insurance services management provider National Catastrophe Adjusters (NCA) has purchased TURCO Claim Services (TURCO), for an undisclosed sum, expanding NCA’s commercial loss adjusting capabilities and daily claims services in ...
Tags: NCA Group
Insurance Services Office (ISO), a provider of actuarial and underwriting information, has enhanced its cyber liability insurance (e-commerce) product to introduce new insurance policies for firms with a media liability exposure. The new ...
Tags: Cyber Liability Insurance, ISO
Global multiline property and casualty insurer the ACE Group has expanded critical catastrophe limits to $30m, throughout all its North American retail and wholesale broker-distributed commercial property lines of business. The company ...
Sofi Insurance Services is planning to offer comprehensive insurance plans under the Affordable Care Act for small employers. As per the Affordable Care Act, it is mandatory for most of the Americans to have adequate health coverage ...
Coface Group has expanded its network in Central Europe with the launch of its credit insurance services in Croatia. The new insurance policy, which will be issued by Coface Austria, will benefit Croatian companies and other companies who ...
Tags: Coface, Credit Insurance
Canada-based insurance brokerage Western Financial Group (Western) and Coast Capital Savings Credit Union (Coast Capital) have closed the sale of Coast Capital Insurance Services (CCIS). Western will acquire the ownership of Coast ...
South Africa-based financial services provider Sanlam is mulling to acquire a 40% holding in MCIS Zurich Insurance, in an effort to boost its presence in Malaysia. People familiar with the matter were reported by thesundaily as saying ...
Tags: Sanlam Mulls, Insurance
XL Group's Excess Liability business is set to offer umbrella and excess liability coverages for upper middle market businesses in North America. Commenting on the extension, XL Group Global Excess Liability business president Lorraine ...
Tags: Umbrella, Liability Coverages
New York Life Insurance Company has named Brooke Zrno Grisham as CEO in charge of the Nautilus Group to head a premier team of industry professionals based in Dallas. Grisham, who joined New York Life in 1999 as a senior associate in the ...
Florida-based Cash & Associates has inked an agreement with Digital Insurance, a US-based employee benefits-only agency, to merge its health insurance and benefits division into the Orlando office of Digital Benefit Advisors (DBA). The ...
Tags: Insurance, Digital Insurance, Service
Segal Select Insurance Services has completed acquiring Broker of Record rights to certain bonds of fiduciary liability and fidelity bond business from A&R Associates. Segal Select chief operating officer Brian Smith said that the ...