Switzerland’s multi-line insurance provider Zurich Insurance Group has reported a business operating profit (BOP) of $1.4bn and net income attributable to shareholders (NIAS) of $1.1bn for the three months ended on 31 March 2013. ...
Tags: Zurich Insurance, Insurance
Multinational insurance holding company AmTrust Financial Services has purchased Mutual Insurers Holding Company (MIHC) and its subsidiary, First Nonprofit Insurance Company (FNIC). Headquartered in Chicago, Illinois, FNIC offers low ...
Tags: insurance carrier, insurance
US-based Protective Life Insurance Company has chosen iPipeline’s iGO Drop Ticket platform to simplify agent application process and accelerate insurance product sales. iGO Drop Ticket has been designed to streamline the way agents ...
Tags: Insurance, Life Insurance
Starr International Insurance (Asia), a global insurance organization, has received Philippine Insurance Commission's approval to set up a branch office in the country to offer general insurance product and services. The company plans to ...
Fidelity Life Assurance Company has purchased most of life insurance business from New Zealand insurance company Tower in a deal valued at approximately NZ$189m ($159.54m). The deal has enabled Tower to concentrate on general insurance ...
Global property and casualty insurer ACE Group has launched new ACE Express Private and ACE Express Not-For-Profit health care protection polices to provide comprehensive management liability coverage for health care organizations. ...
US-based health care benefits company Aetna will soon complete the acquisition of Coventry Health Care, following the receipt of clearance from the US Department of Justice (DOJ). After the completion of the $5.7bn in cash and stock deal, ...
Tags: Aetna, Coventry Health Care
Markel Corporation, a US based financial holding company, has completed purchasing Bermuda-based Alterra Capital in a deal valued at nearly $3.13bn in a cash and stock deal. Originally signed on 19 December 2012, the transaction was ...
Tags: Markel, Alterra Acquisition
Arthur J Gallagher & Co, a US-based insurance brokerage and risk management services firm, has purchased UK–based Property & Commercial Limited from Barbon Insurance Group, in a bid to further strengthen its operation in the country. ...
HSBC Middle East has inked an exclusive agreement with Zurich Insurance Middle East for distribution of its personal and commercial general insurance products in the UAE over the next ten years. Involving distribution in other Middle East ...
Tags: General Insurance, HSBC
Foresters, a provider of life insurance products and annuities, has introduced a new participating whole life insurance product to offer cost-effective permanent insurance options to families across Canada. Dubbed Familylife, the new ...
Tags: Foresters, Whole Life Insurance
HSBC Insurance has entered into an agreement to dispose of 50% stake in Hana HSBC Life Insurance Company, to joint venture partner Hana Financial Group. Financial terms of the transaction have not been disclosed, however it is expected ...
Tags: HSBC Insurance, Hana Financial
Independence Blue Cross (IBC) has partnered with GeoBlue to offer GeoBlue Travel Medical and International Health Insurance products for individuals and families in Bucks, Chester, Delaware, Montgomery, and Philadelphia counties in US. ...
Tags: IBC Partners, Geoblue
The Commonwealth of Virginia has selected Aetna for provision of a health benefits plan option to its more than 200,000 eligible employees, retirees and family members, effective from 01 July. Dubbed COVA HealthAware, the ...
Tags: Aetna, Health Benefits
American General Life Insurance Company (AGLA) has expanded its Quality of Life…Insurance products portfolio with the addition of AGLAchoiceGuarantee Plus universal life insurance product. Designed to provide protection for a ...
Tags: Universal Life Insurance, AGLA