ACE Group, a global multiline property and casualty insurer, has rolled out its new and improved risk management plan for companies in Continental Europe, to support the evolving casualty needs of middle-market businesses. Dubbed as ACE ...
Tags: ACE, Export Protection, Continental Europe
MetLife, a US life insurer, has been chosen as an official partner for the US Department of Veterans Affairs Dental Insurance Program (VADIP), for which enrollment started on 15 November, while the coverage begins from 1 January 2014. ...
Tags: Dental Insurance, MetLife
Switzerland’s multi-line insurance provider Zurich Insurance Group is set to dispose of its remaining 9.4% stake in New China Life Insurance (NCI) for $943m (£584.7m), to diversify its Asian operations. Zurich plans to ...
Tags: Zurich Insurance, Life Insurance
Leavitt Group has merged its three Southern California agencies, including Valley Insurance Service, Leavitt Benefits Insurance Services of Southern California and Pridemark-Everest Insurance Services, to boost operational efficiency. ...
Tags: Leavitt Group, Service
Italian insurer Generali Group has inked an agreement with Cattolica to divest 100% of the capital of Fata Assicurazioni Danni, in a transaction valued at nearly €179m. Generali noted that the transaction will enable it to further ...
Tags: insurer, Generali Group
Amsterdam-based financial services conglomerate ING has agreed to dispose of its 11.3% direct stake in Sul América, to Swiss Re Group, as part of its plans to further shrink its stake in the Brazilian insurer. As per the terms ...
The US Consumer Financial Protection Bureau (CFPB) has imposed a monetary penalty of $100,000 on Republic Mortgage Insurance Corporation (RMIC) for allegedly paying illegal kickbacks to mortgage lenders in exchange for business. In a ...
Tags: Insurance, Kickbacks Practices
UK-based life and general insurer Aviva has embarked on a conditional agreement to divest its entire 39% stake in Eurovita Assicurazioni, to New York-based private equity firm JC Flowers, in a cash transaction valued at approximately ...
Tags: Aviva Agrees, Insurer
Zurich Insurance, a Switzerland-based multi-line insurance provider, is planning to scrap all of its 700 life insurance agents in Hong Kong by the end of the year, as its focuses to sell insurance products from agents to brokers and ...
Tags: Zurich Insurance, Life Insurance
Frontline Insurance, an insurer serving homeowners throughout the southeast US, has added umbrella insurance product to its homeowner's product line. The launch is a part of Frontline's long-term strategic growth plan to expand its ...
Liberty Mutual Insurance, an American global insurer, is set to acquire Mexican surety company Primero Fianzas from private investor group Grupo Valores Operativos Monterrey. Terms of the deal, which is subject to the receipt of ...
Tags: Liberty Mutual Insurance, insurer
Almost 4-in-10 U.S. adults did not see a doctor when sick or failed to fill prescriptions due to cost, compared to 5 percent in other nations, researchers say. An 11-country survey by The Commonwealth Fund also found about 2-of-5 U.S. ...
Tags: USA, healthcare, cost
Amerisure Mutual Insurance Company, a Property/Casualty (P/C) commercial insurer, and Guidewire Software, Inc. (GWRE), a provider of software products to P/C insurers, announced that Amerisure has selected Guidewire ClaimCenter as its new ...
Tags: Insurance, Guidewire System
Today we have the announcement by DECC that EdF will construct the first of the new generation of nuclear plants in the UK. Should we welcome this decision? The contract for this project will provide an electricity price of ...
Tags: Nuclear Power, Energy
RSA Insurance, a UK-based general insurance company, has commenced an independent review of its financial and regulatory reporting processes and controls within its Irish operations. The move comes after the insurer suspended its CEO ...
Tags: RSA Insurance, Irish, financial impact