Allianz Life Insurance Company of North America (Allianz Life) has deployed Accenture’s life and annuity insurance software suite to support its new business and core policy administration needs for variable annuity products. The ...
Tags: Life Insurance
British multinational life insurance company Aviva and Bank Zachodni WBK have reached an agreement to expand their ongoing strategic partnership in Poland until 2033. As per terms of the agreement, the UK-based insurer will increase its ...
Tags: Aviva, Zachodni WBK
Global insurance and reinsurance firm XL Group has appointed Mark McConico as vice president and underwriting manager of its US risk management group in Los Angeles. In addition, the company promoted Theresa Schlageter to senior vice ...
Tags: XL Group, Underwriting Manager
US personal lines insurer Allstate has rolled out its new life insurance policy, dubbed as whole life advantage, which guarantees death benefits, cash values and premiums, in case of sudden demise of the policyholder. Underlining the ...
Tags: Allstate, Whole Life Insurance
HSBC and Zurich Insurance have launched a new wealth product named SavingsPlus in the Middle East, as part of their 10-year partnership agreement to distribute life and general insurance products. The new product is expected to address ...
Tags: Zurich Insurance, HSBC
Health insurer Aetna has reported a net income of $536m, or $1.49 per share for the second quarter of 2013, with an increase of 17% and 13% compared to $457m, or $1.32 per share during the comparable period last fiscal. For the quarter ...
Tags: Health insurer, Aetna
The Penske Automotive Group, Inc. has signed an agreement to acquire the Commercial Vehicles Group from Transpacific Industries Group Ltd. for a purchase price of $219 million. The completion of the transaction is subject to normal closing ...
Tags: Australian Truck
Personal lines insurer Allstate has agreed to divest its life and annuity businesses Lincoln Benefit Life Company (LBL) to Resolution Life, in a deal agreed for $600m. The insurer said that it will cease issuing fixed annuities at the end ...
Tags: Resolution Life, Allstate
Howden Broking Group has purchased a 25% shareholding in Chilean insurance broker, Patagonia Corredores de Seguros (PCS), for an undisclosed sum. Based in Santiago, PCS provides an array of property, energy, liability, construction, ...
Tags: Howden, Chilean Broker
Sydney-based underwriter QBE Australia is to divest its National Credit Insurance Brokers (NCIB) business and professional indemnity authorized representative Invivo by the end of 2013. Following completion of listing process, the ...
Tags: Insurance Brokerage, QBE
Health insurer Health Insurance Innovations (HII) has rolled out HealtheMed STM plan (Short-Term Medical) in collaboration with HCC Life Insurance Company (HCC), which caters medical stop loss, group term and short term medical insurance. ...
Tags: Medical Insurance, HCC Life
Global insurance and reinsurance company XL Group's Bermuda Professional Lines Unit has introduced a new Wage & Hour Liability insurance product to help new and existing clients to better manage their risks from employee compensation and ...
Global insurance and reinsurance company XL Group has named Valérie Devaux - Piquer as the new casualty underwriting manager, Europe, Reinsurance, effective from 1 September 2013. Based in Paris, France, she will succeed Dieter ...
US-based health care benefits company Aetna is planning to stop issuing health care products to individual consumers in California at the end of 2013. The health insurer, which notified California's insurance regulator about its impending ...
UK-based independent brokerage Drewberry Insurance has launched a new protection payout rate tool that provides the payout rates across 11 different providers for income protection, critical illness insurance and life insurance. The new ...