India-based Jammu & Kashmir Bank is planning to offload entire or a fraction of its 5% stake in life insurance joint venture (JV) MetLife India. J&K Bank CEO and chairman Mushtaq Ahmed was quoted by the Economics Times as saying that the ...
Tags: J&K Bank, Minority Stake
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
US-based life insurer MetLife has finalized acquisition of a 64.3% stake of Chilean pension fund administrator, AFP Provida from Spanish bank BBVA, in a deal worth approximately $1.54bn. From the sale of AFP, the Spanish bank received ...
Tags: Metlife, life insurer
French diversified financial service conglomerate SCOR Group has acquired the US life reinsurance business of Italy-based insurer Generali Group, for total gross proceeds of $910m in a combination of cash and collateral. The acquisition, ...
Tags: SCOR Group, Life Reinsurance
US-based property and casualty insurer Tower Hill Insurance has selected IVANS Download, to accurately and consistently communicate policy information to its agents. The insurance carrier said that deployment of the new technology would ...
Tags: Tower Hill, Insurance
At a time when Indian, Russian and Brazilian car markets are stumbling, China remains the major growth engine for the global automotive industry, analysts say. "For many years it's been the Bric nations (Brazil, Russia, India and China) ...
Tags: Automotive Industry, Cars
US-based insurer MetLife, Bank for Investment & Development of Vietnam (BIDV), and Bank for Investment and Development of Vietnam Insurance Corporation (BIC), have reached an agreement to form a life insurance joint venture (JV) in Vietnam. ...
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
US-based community-focused health insurer MVP Health Care (MVP) has decided to implement PaySpan's platform to automate reimbursements for providers and members across New York, Vermont and New Hampshire. The payment tool will streamline ...
Tags: Health Care, Automate Payments
Socius Insurance Services, a San Francisco-based management liability and property & casualty insurance wholesaler, has appointed Matt Dross as the new vice president, property & casualty practice. Dross will oversee the business from ...
Tags: Socius Insurance
Kal Tire has partnered with insurance provider Aviva Canada to discount the price of qualifying winter tires purchased by the insurer's customers between Sept. 16 and Nov. 30, 2013. Under the partnership, Aviva Canada existing customers ...
Tags: Auto Parts, tyre, tire
UK general insurer Allianz Insurance has implemented Guidewire’s claims management system ClaimCenter standardize claims handling processes. According to Guidewire, the system will provide visibility into claims operations, data ...
Global insurance market Lloyd's has posted a profit of $2.1bn for the six-month period ended on 30 June 2013, compared to $2.4bn recorded during the corresponding period last fiscal. Gross written premium increased by 4.9% to $23.9bn from ...
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