Property and casualty insurance provider, the Hanover Insurance Group (THG), has introduced a new billing system, to offer convenience and flexibility in the billing process, while enabling agents to boost customer relationships. The US ...
General insurance provider AXA UK has appointed Ian Brimecome as chairman of the board with immediate effect, who has been serving as a non-executive director of the company in the UK for six years. With more than 30 years of expertise of ...
Tags: General insurance, insurance, financial services industry
Wells Fargo Insurance, part of Wells Fargo & Company, has appointed Richard Colton as the new head of its mergers and acquisitions (M&A) industry practice operations. Having 30 years of industry expertise, Colton will work closely with ...
UK insurance firm Amlin has completed acquisition of RaetsMarine, a Rotterdam-based underwriting agency for $65m, as part of a strategy to grow its Marine business. Payment will be divided between 50% cash and 50% new Amlin shares, with ...
Tags: Amlin, RaetsMarine, insurance
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
Florida-based auto insurance provider Windhaven Insurance has selected Medata’s automated system to review its bill. Windhaven Insurance operations manager Jennifer Arango said that the Medata's automated system provides ...
Tags: auto insurance provider, Windhaven Insurance, Medata's automated system
US health insurer Aetna has introduced a new product offering for members of the Flexible Benefits Plans (FBP) Employers Association. As part of the affinity program, the company will make its individual, small group and Aetna Voluntary ...
The Charles Schwab has introduced a new Schwab Retirement Income Variable Annuity (SRIVA) to provide guaranteed income stream, investment diversification, and professional guidance for investors. The SRIVA helps to generate guaranteed ...
Tags: insurance services, income guarantee option, insurance
Medical professional liability company MMIC has agreed to purchase a medical professional liability insurance provider Utah Medical Insurance Association (UMIA), in an undisclosed deal. Following completion of the transaction, the ...
Hagerty Insurance Agency, a vehicle insurance provider, is implementing Insuresoft's Diamond Claims system to enhance its claims processing capabilities. Built on Microsoft's modern .NET platform, Diamond Claims is expected to help the ...
Tags: Hagerty Insurance Agency, insurance provider, Diamond Claims system
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 ...
Supplemental health insurance provider Aflac has introduced enhanced short-term disability insurance plan for customers in California, US. The newly introduced policy offers a guaranteed-issue option and includes new benefits features, ...
To streamline commercial underwriting in Switzerland Business process management and customer relationship management player Pegasystems announced that it has signed a deal with Zurich Insurance Group for a BPM system for its commercial ...
US commercial automobile insurance provider Atlas Financial has completed the acquisition of Camelot Services, and its lone insurance subsidiary, Gateway Insurance, for nearly $23m. Based on terms of agreement inked on 24 October 2012, ...
Tags: Atlas Financial, Acquisition of Gateway Insurance, Insurance
US commercial property and casualty insurance provider CNA Financial has completed the sale of SUR Insurance Agency (SUR) and The Bond Exchange (TBE) to California Contractors Insurance Services (CCIS). Further details of the transaction ...
Tags: US, CNA, SUR Insurance Agency, TBE, CCIS