Allianz Group, a Germany-based insurance provider, has reported a 6.3% rise in net profit to more than €1.4bn in the third quarter of 2013 compared with a year ago period. The profit increase was driven by the insurer's property and ...
Tags: Allianz, post, rise, net profit
American International Group (AIG) is reportedly believed to file a lawsuit against Morgan Stanley over $3.7bn mortgage-backed securities. The announcement was made in the Morgan Stanley's 10-Q filing with the US Securities and Exchange ...
Tags: AIG, Mortgage-Backed Securities
Zurich Insurance, a Switzerland-based multi-line insurance provider, is set to restructure its personal lines motor and property claims teams in the UK, a move which will lead to 121 job losses. The development is the latest step in the ...
Tags: Insurance, insurance provider
U.S. government agencies say they closed the loopholes that kept insured patients from being treated for mental illness or substance abuse. "This final rule breaks down barriers that stand in the way of treatment and recovery services for ...
Guidewire Software, Inc. (GWRE), a provider of Property/Casualty (P/C) insurance software products, announced that AIG Japan is in the process of implementing Guidewire PolicyCenter as its new underwriting and policy administration solution ...
Tags: Guidewire, Billing Systems
UK-based insurer Beazley has launched a new product, called Deal Protect, to cover losses from inaccuracies in representations (reps) or warranties made in share or asset sale and purchase agreements. The new coverage, which is ...
Specialist insurer Markel UK has rolled out a new liability product designed to fulfill the specific demands of the rapidly growing UK biomedical and life sciences sector. The sector, which is expected to see strong growth, with ...
Tags: insurer, Life Sciences
Vice president of China Life Insurance (Group) Company revealed that first insurer-controlled fund company China Life AMP Asset Management will start operation from November 6. China Life AMP Asset Management is sponsored and established ...
British motor insurer Direct Line Group has reported operating profit of £131.2m for the third quarter of 2013, with an increase of 6.1% compared to £123.7m during the same period earlier year. The company said that the 6.1% ...
Tags: motor insurer, Direct Line
In a recent announcement spokesperson for CoverAustralia , the online life insurance brokerage firm, stated that they are now offering their clients a free life insurance calculator. This life insurance calculator was designed to take the ...
Tags: Insurance, Calculator
The Travelers Companies, a US-based P&C insurer has acquired The Dominion of Canada General Insurance Company from E-L Financial, to boost its business operations. The cash transaction was valued at nearly $1.1bn, subject to adjustment, ...
Tags: Insurance, E-L Financial
Cognizant (CTSH) has announced that Max Life Insurance, India's largest non-bank owned private life insurer, has licensed Cognizant's TruMobi suite as its enterprise mobility platform to help transform the way thousands of its agent ...
Deland, Gibson Insurance (DG), a Massachusetts insurance agency dedicated to lowering their clients' Total Cost of Risk, announced its appointment with Privilege Underwriters Reciprocal Exchange (PURE), the policyholder-owned ...
Zurich-based life and pension insurer Swiss Life has selected Aetna (AET), a global health care services company, to deliver international health care benefits and services for expatriates out of Singapore to its roster of multinational ...
Tags: Swiss Life, Service
US-based life insurer MetLife has reported third quarter 2013 profit of $942m, or $0.84 per share, compared to a loss of $984m or $0.92 per share during the corresponding period last fiscal. For the quarter ended on 30 September 2013, ...