Financial services provider Teachers Assurance has launched its improved home insurance policy that is rated 5 Star by Defaqto, an independent financial research company. The new policy offers an annual discount of up to 12% for teachers ...
General Insurance Corporation (GIC Re), the Indian government owned sole reinsurer, is seriously considering expanding reinsurance business beyond domestic boundary through the acquisition of some Lloyd’s syndicates. Speaking at a ...
Tags: GIC Re Eyes, Service, Syndicates
RSA Insurance Ireland has completed the acquisition of Aon's Irish personal lines business to expand its footprint across the market and bring added momentum to profitable growth intent. Following completion of transaction, AonInsure.ie's ...
Tesco Bank has launched a new Home Insurance product, which is designed to meet the needs of customers for a simple and flexible home cover. Offering unlimited buildings cover and £75,000 contents cover as standard, the new ...
Tags: Tesco Bank, Insurance Product
Wesleyan Assurance Society (Wesleyan) has selected the Sapiens ALIS software suite as its strategic new business administration platform to administer a range of financial products. Following deployment, the Sapiens ALIS will allow ...
Tags: Wesleyan, Financial Products
Switzerland’s multi-line insurance provider Zurich Insurance Group has reported a business operating profit (BOP) of $1.4bn and net income attributable to shareholders (NIAS) of $1.1bn for the three months ended on 31 March 2013. ...
Tags: Zurich Insurance, Insurance
Starr International Insurance (Asia), a global insurance organization, has received Philippine Insurance Commission's approval to set up a branch office in the country to offer general insurance product and services. The company plans to ...
Fidelity Life Assurance Company has purchased most of life insurance business from New Zealand insurance company Tower in a deal valued at approximately NZ$189m ($159.54m). The deal has enabled Tower to concentrate on general insurance ...
HSBC Middle East has inked an exclusive agreement with Zurich Insurance Middle East for distribution of its personal and commercial general insurance products in the UAE over the next ten years. Involving distribution in other Middle East ...
Tags: General Insurance, HSBC
ACE Insurance, a unit of the ACE Group of insurance and reinsurance companies, has appointed Tim Shields as the new president director of PT Asuransi Jaya Proteksi, (Japro). Following completion of transaction, subject to regulatory ...
Tags: ACE Insurance, Service
HSBC Insurance has entered into an agreement to dispose of 50% stake in Hana HSBC Life Insurance Company, to joint venture partner Hana Financial Group. Financial terms of the transaction have not been disclosed, however it is expected ...
Tags: HSBC Insurance, Hana Financial
The Collinson Group has signed a deal to acquire Aria Assistance, a global assistance, travel and private medical insurance provider, in an effort to expand its businesses in general insurance and financial services market. Set up after ...
Tags: Collinson Group, Aria Assistance
General insurance provider AXA has agreed to acquire 50% shareholding in Chinese property & casualty insurer Tian Ping Auto Insurance Company (Tian Ping), for a total consideration of €485m. As part of Ambition AXA strategy, the deal ...
Tags: insurance provider, insurance
Property and casualty insurer ACE has reported net income of $953m during the first quarter of 2013, with a decrease of 2% compared to $973m during the corresponding period earlier year. For the latest quarter period ended on 31 March ...
Tags: ACE, Net Income
London-based underwriter Aviva is considering purchasing the Co-operative Group general insurance business in a deal valued at approximately £650m ($989.82m). Co-operative Group, which operates as one of the UK's largest consumer ...
Tags: Aviva, Co-Operating Insurance