Wells Fargo Insurance is growing its International Specialty Group by forming three new teams exclusively devoted to serving the insurance and risk management requirements of the US multinational companies. Based in Atlanta, New York ...
Property and casualty insurer ACE has reported net income of $953m during the first quarter of 2013, with a decrease of 2% compared to $973m during the corresponding period earlier year. For the latest quarter period ended on 31 March ...
Tags: ACE, Net Income
New York-based private equity firm, Aquiline Capital Partners has completed the purchase of Equity Insurance Group from Insurance Australia Group. Based in the UK, Equity Insurance is one of the ten largest motor insurance syndicate at ...
Tags: Aquiline Capital, Equity Insurance
London-based underwriter Aviva is considering purchasing the Co-operative Group general insurance business in a deal valued at approximately £650m ($989.82m). Co-operative Group, which operates as one of the UK's largest consumer ...
Tags: Aviva, Co-Operating Insurance
Lloyd's insurer Ascot Underwriting has established a new office at One Bryant Park in New York, US, which will be led by Ascot Fac chief underwriting officer Paul Amrose. Amrose and his team will relocate from Hartford to the new office ...
Tags: Lloyd's insurer, Ascot, Fac business
Health insurer Aetna has launched a new product to help mid-sized employers offer health benefits directly to employees and also assume the financial risk for their employees' claims. Known as Aetna Funding Advantage (AFA), the new ...
US personal lines insurer Allstate has introduced its usage-based insurance device, Drivewise, in additional six states across the US, to help identify and improve driving habits of policyholders by delivering constant feedback. Available ...
Tags: Allstate, Usage-Based Insurance
Property and casualty insurer ACE has established a $95m special purpose vehicle, Altair Re, to offer additional collateralized capacity for its global reinsurance business. The capital will be used to largely support ACE Tempest Re's ...
Tags: ACE, Special Purpose Vehicle
ACE Group, a multiline property and casualty insurer, has unveiled a new agriculture property and casualty insurance business, known as ACE Agribusiness, in a bid to further reinforce its presence in the sector. The newly established ...
Virtualization and cloud services are making it easier for companies to shift IT infrastructure operations to service providers, and that is exactly what many organizations are doing. The trend is most prevalent among small and midsize ...
Tags: Pulling, Data Centers
Gurgaon, Haryana, India, Republic of (Free-Press-Release.com) April 3, 2013 -- One of the best accident insurance plans in India is IPA, Individual Personal Accident Insurance Policy. The plan is available in two variants to cater t the ...
Tags: Complete Protection, Individual Accident Health Insurance
Texas Farm Bureau Insurance Companies, which offers auto, home, farm and ranch, life, and health insurance, has decided to implement Sapiens’ insurance technology to all its personal property and casualty lines of business. The ...
Tags: Texas Farm Bureau Insurance, Insurance, Personal Business Lines
Genworth US Mortgage Insurance (USMI) has agreed to settle the review of industry captive reinsurance arrangements with the Consumer Financial Protection Bureau (CFPB) Based on the terms of the agreement, Genworth will reimburse $4.5m ...
Tags: Genworth USMI, CFPB
ACE Group, a multiline property and casualty insurer, has unveiled a new insurance plan covering global life science risks for organizations in continental Europe, designed to further build its casualty offering for businesses in the ...
International travel insurance and medical assistance company Allianz Global Assistance has purchased New Zealand travel insurance specialist, Comprehensive Travel Insurance 2004 (CTI), for an undisclosed sum. Allianz Global Assistance ...
Tags: Allianz Global, CTI Acquisition