Life insurer MetLife is planning to refund nearly $190m to American International Group (AIG) following a victory by one of its units in legal proceedings filed in a Tokyo court. The American Life Insurance Co (Alico), which won the ...
Tags: MetLife, Life insurer, AIG
US-based Sagicor Life Insurance Company has named Bart Catmull as the new president & chief operating officer (COO) of the company, effective from 1 April 2013. In his new job, Catmull will manage all aspects of Sagicor operations in the ...
Tags: Sagicor Life Insurance, Bart Catmull, COO
US insurer Pacific Life has added a new product, dubbed Pacific Secured Buy-In, to its comprehensive portfolio of pension risk-transfer products. Pacific Life Institutional & Structured Products vice president Richard Taube said Pacific ...
Zurich has introduced new corporate accident and business travel cover for all sizes of business, to meet the needs of business people who need to travel, often to less developed countries. The corporate accident cover will be paid to ...
Tags: Zurich, instant, travel cover
Parents need life insurance for one reason: To provide income for your family if you die. As young parents on a budget, you'll be wasting money if you try to use a life insurance policy as an investment. There are better ways to grow your ...
Tags: life insurance, life insurance policy, permanent insurance
Unico American Corporation (UNAM) has selected Insurance Systems to deliver a new policy administration system for its subsidiary, Crusader Insurance Company. Apart from providing ISI Enterprise, which Unico plans to implement as its core ...
Tags: UNAM, Insurance Systems, Insurance
New York-based Gerber Life Insurance has selected MajescoMastek’s Elixir North America policy administration platform to manage all its business lines. As a part of Gerber Life's two-year transformation and modernization initiative, ...
Tags: Life Insurance, Gerber Life, Insurance
Canadian underwriter Great-West Lifeco has inked an agreement with the government of Ireland to purchase Irish Life Group for $1.75bn and $1.25bn subscription receipts offering for common stock. Following the completion of the ...
Tags: Life Group, Lifeco, Irish Life
American International Group (AIG) has inked an agreement to purchase Aurec Gold Investments’ 49.99% interest in AIG Israel Insurance Company (AIG Israel), for an undisclosed sum. The acquirer already owns 50.01% interest in AIG ...
Japan's Dai-ichi Life Insurance, Zurich Insurance Group and Allianz in Germany are gearing up to bid for the insurance arm of Turkish bank Yapi ve Kredi Bankasi, Yapi Kredi Sigorta, to expand their footprint in Turkey. Yapi Kredi Sigorta ...
Tags: Japan, Dai-ichi Life Insurance, Zurich Insurance Group, Allianz
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
Sterling Insurance has renewed its partnership contract with DAS to extend supply of legal expenses cover to its customers. As part of the agreement, DAS will offer legal expenses cover across the company's personal and commercial product ...
Mutual insurer The Guardian Life Insurance Company of America has selected California-based technology company DentalXChange, to provide online claims status verification for dentists. DentalXChange provides online solutions to connect ...
Western & Southern Financial Group (Western & Southern) has implemented CallidusCloud's Commissions to automate incentive compensation process for its wholesalers. The selection follows a comprehensive evaluation process, during which the ...
Tags: Western&Southern, CallidusCloud, Commissions
Property and casualty underwriter ACE Group has started underwriting energy risks through Syndicate 2488 at Lloyd’s of London in an effort to expand its global portfolio. The initiative represents the company's commitment to boost ...
Tags: ACE Group, energy risks, Lloyd