Protection Plan, d.b.a. Massage Magazine Insurance Plus (Massage Magazine Insurance Plus), has selected Oceanwide’s BRIDGE to provide a mobile, web portal for their clients to transact insurance business online. Massage Magazine ...
South Korea’s Tongyang Life Insurance is planning to bid for ING Groep life insurance business in the country, which has been valued at approximately $2.1bn. Persons familiar with the matter were quoted by media sources as saying ...
Tags: Tongyang Life Insurance, ING Life, Service
Dutch insurer ING has disposed of its underwriting businesses in Hong Kong, Macau and Thailand to Pacific Century Group (PCG), for a combined consideration of €1.64bn ($2.14bn) in cash. ING insurance operations in Hong Kong and Macau ...
UK underwriter Aviva has agreed to sell Aviva Russia to Blagosostoyanie, a Moscow-based non-state pension fund, for a cash consideration of €35m. Subject to the approval of the Federal Antimonopoly Service of the Russian Federation, ...
Tags: Aviva, Blagosostoyanie, cash consideration
US based financial holding company Markel’s planned purchase of Bermuda-based Alterra Capital in a deal valued nearly $3.13bn in cash and stock, has received approval from the shareholders of both firms. The transaction, originally ...
ING US retirement business will continue to serve as the exclusive third-party administrator for the State of Connecticut Retirement Program, supporting public employees in the city towards building readiness and financial security required ...
Tags: ING US retirement business, State of Connecticut Retirement Program
United Fire group has selected iPartners’ insurance business intelligence solution to consolidate its multiple data sources for actionable analysis, greater insight and improved decision making. Commenting on the technology, United ...
Tags: United Fire group, iPartners, insurance business intelligence solution
Zurich Insurance Group has reported a business operating profit (BOP) of $4.1bn for the full year 2012, down by 4% from $4.24bn during the same period last fiscal. Net income after tax attributable to shareholders (NIAS) stood at $3.9bn, ...
Tags: Zurich Insurance Group, BOP, 2012
Integro, an insurance brokerage and risk management company, has completed acquisition of the assets of iTrade, a bonds and logistics brokerage division of Navigators Management Company. Financial terms of the transaction remained ...
Tags: Integro, insurance brokerage, risk management, iTrade
Towergate Insurance has successfully completed the acquisition of insurance broker Speake Medley (Commercial Insurance) and Woodside Insurance Service's general insurance business. CCV has also procured an additional 45% shareholding in ...
Tags: Towergate Insurance, insurance broker, Insurance Services
PVI Sun Life Insurance has received regulatory approval from both Vietnam and Canada regulators to operate its life insurance business in Vietnam. Set up as a joint venture (JV) between PVI with 51% stake and Sun Life Assurance Company of ...
Commercial lines writer W R Berkley has established a new underwriting firm, Berkley Southeast Insurance Group, to offer commercial insurance services and expertise in six southeastern states in the US. Based in Atlanta, Georgia, the new ...
Tags: Insurance Group, underwriting firm, insurance products
Health insurer Aetna has signed a four-year reinsurance arrangement with Vitality Re IV Limited, a Cayman Islands domiciled exempted company. Signed as part of Aetna's long-term capital management strategy, the agreement enables the ...
Cornerstone National Insurance Company (Cornerstone) has deployed ISCS's SurePower Innovation Policy Administration Suite, in an effort to offer user-friendly online capabilities for insureds and independent agents. Implementation in ...
Tapiola Data, a subsidiary of Finnish insurance company LahiTapiola Group, and CGI’s Logica Suomi have agreed to set up a new information and communication technology (ITC) company, known as LTC-Otso. Expected to earn euro 150m ...
Tags: Tapiola Data, LahiTapiola, CG, ITC company