New York’s insurance broker USI Insurance Services (USI) has purchased J Princinsky & Associates, (RJP), a Maryland-based full service group benefits (insurance) agency specializing in strategic benefits planning, for an undisclosed ...
Tags: Insurance
Risk transfer is an accepted financing technique usually associated with purchasing insurance to transfer the risk to an insurance company. For the past several years, though, we have seen an increasing tendency amongst shippers to use ...
Tags: Transportation, insurance, Auto Parts
Fairfax Financial Holdings has completed the acquisition of Bermuda-based specialty insurance company American Safety Insurance (ASI). Under the terms of the transaction, for each common share of American Safety its shareholders will ...
Commonwealth Annuity and Life Insurance Co, a subsidiary of Global Atlantic, has acquired Aviva USA’s life insurance business following receipt of all necessary regulatory approvals. Global Atlantic Financial Group is a multiline ...
Tags: Life Insurance
US personal lines insurer Allstate Insurance Company has won a court case that puts an end to fraudulent business and billing schemes carried out by unlicensed medical and chiropractic personnel. In a lawsuit filed in the Los Angeles ...
Tags: insurer, Fraud Lawsuit
Indonesian joint venture partners Sinar Mas Group and CT Corp are planning to divest their share in insurance company Mega Life to a foreign partner. Established in 2003 as an insurance joint venture (JV) between Sinar Mas and CT Corp, ...
United American Insurance Company has chosen iPipeline’s iGO e-App, with a strategy to modernize marketing of its medicare supplement insurance. The intelligent fillable form software offers speed-to-market advantages and reduces ...
Bermuda-based specialty insurer Arch Insurance Group has rolled out increased limits product of up to $5m on its General Liability coverage in the newly formed Contract Binding Operations. Currently, the Arch Contract Binding Operations ...
Tags: Eastern Insurance
American General Life Companies, a part of AIG, has rolled out a highly flexible guaranteed universal life insurance policy, known as AG Secure Lifetime GUL II. Issued by American General and US Life Insurance Company in the City of New ...
Tags: American General, Life Insurance
USI Insurance Services (USI) has completed the acquisition of Alliance Benefit Solutions, an independent insurance company located in Shelton, Connecticut, for an undisclosed sum. Established in 2002, Alliance Benefit Solutions designs ...
New York-based multinational insurance holding company AmTrust Financial Services has inked a contract to acquire the Insco Dico Group, in a transaction worth nearly $85m. Funded through existing working capital, the acquisition is ...
Tags: Service
Securian Financial Group, a US-based financial services holding company, has established a new Voluntary Employee Benefits Group under Minnesota Life Group Insurance, in a bid to enhance its business footprint. The voluntary benefits ...
Allianz Life Insurance Company of North America has released a new indexed variable annuity (IVA), dubbed as Index Advantage, suitable for consumers willing to trade some potential gains from market growth in exchange for protection from ...
Tags: Allianz Life, Insurance
SafeAuto Insurance Company has rolled out auto insurance policies in California through a partnership with SCJ Insurance Services, starting from 12 September 2013, expanding its presence in 17 US states. The company forays into one of the ...
Tags: Insurance, Auto Coverage
Protective Life has received insurance regulatory approvals required in order for its subsidiary Protective Life Insurance to acquire MONY Life Insurance, as well to reinsure certain policies of MONY Life Insurance Company of America ...
Tags: Protective Life, Mony Life