UK's HSBC Holdings has geared up to dispose its Vietnamese insurance business with an anticipated price of $400m, as part of its strategy to exit non-core operations worlwide. A source close to the potential deal told Reuters that HSBC ...
Aviva, a multinational insurance company headquartered in London, is all set to shut down two regional offices and start a voluntary redundancy program throughout the regional offices. The underwriter is implementing restructure plan to ...
Tags: Aviva, multinational insurance, commercial insurance business
Chartis, a property-casualty and general insurance firm, has announced addition of CrisisResponse coverage to aviation policies intended for airports and charter management companies. CrisisResponse, developed by the firm's Aerospace ...
Tags: Chartis, CrisisResponse, corporate aviation
Nationwide Mutual Insurance will implement Guidewire PolicyCenter as its underwriting and policy administration system and Guidewire BillingCenter for its property and casualty insurance lines. The upgradation of its underwriting, policy ...
Tags: Mutual Insurance, Guidewire PolicyCenter, property insurance
Mitsui Direct General Insurance Company, a Japanese direct general insurer has deployed Guidewire ClaimCenter as its new claims management system to further enhance its customer service quality, improve productivity and make significant ...
Tags: Mitsui Direct General Insurance Company, customer service
RSA has signed an agreement with Rotterdam-based underwriting firm Charterama to jointly market and distribute Charterers’ Liability cover on a global basis, effective from 1 November 2012. Under the terms of the agreement, RSA will ...
Tags: RSA, Charterama, liability, insurance, insurance market
Insurance and reinsurance firm XL Group has appointed Alfred Bergbauer as head of multinational casualty in North America. In his role, Bergbauer will report to Ken Riegler, president of XL Group's North American Primary Casualty group ...
Tags: XL Group, Alfred Bergbauer, multinational casualty, casualty
RSA Canada, a commercial insurer, has agreed to purchase L'Union Canadienne from its parent company, Co-operators General Insurance Company (CGIC). According to the company, the cost of transaction is $150m and is subjected to regulatory ...
Tags: RSA Canada, commercial insurance, L'Union Canadienne, insurance
Casualty & General Insurance Company (Europe), a liability cover specialist has opened a new representative office in London as part of its plans to further expand business particularly its casualty account in the UK. According to the ...
Tags: liability, London office, casualty account, UK insurance broker
AXA UK has combined its commercial and personal lines broker businesses under the leadership of Amanda Blanc. The company said that the new combined business will focus on strengthening its capabilities and propositions in the ...
Tags: Amanda Blanc, commercial insurance, combined business, insurance industry
Religare Health Insurance (RHICL) has formally launched its general insurance operations with head office in Delhi, India, as part of its business initiations in July 2012. Religare Health Insurance MD &CEO Anuj Gulati said, "Given our ...
Tags: Health Insurance, insurance operations, insurance firm, insurance
Zurich Insurance has reported a net income of $1.14bn for the first quarter of 2012, compared to $640m for the same period in 2011. Business operating profit for the first quarter of 2012 surged to $1.38bn, compared to $854m in the ...
Tags: Zurich Insurance, insurance industry, insurance market, net income
Aviva, one of the largest underwriters in the UK has overhauled its senior management team to gain additional foothold in the insurance arena. According to the insurer, it has appointed David McMillan as the director group transformation ...
Tags: Aviva, senior management, insurance arena, insurance
US based property and casualty underwriter Tower Group has announced sale of its health insurance business for $102m to Australian private health insurer NIB Holdings. Subject to clearance from the Overseas Investment Office, the sale is ...
Tags: Tower Group, health insurance, insurance, insurance product
Zurich Private Clients is planning to re-launch its high net worth Travel insurance product for customers in late 2012. Dubbed Zurich Private Clients Travel policy, the new travel product is only available as an extension to Home and ...
Tags: travle insurance, insurance product, insurance service, travel product