Lighthouse Casualty Insurance Company (Lighthouse), an Illinois-based non-standard automobile insurer, has selected Insuresoft's Diamond System Suite for policy administration, underwriting, billing, and claims management. Lighthouse ...
Tags: Lighthouse Insurance, Insurance
Tier one multinational insurance carrier has selected Cover-All’s Policy and Studio solutions as an enterprise platform to handle its strategic commercial lines business for their US operations. The solutions have been selected ...
Tags: Tier 1, Insurer, Studio Products
Q. My Medigap policy was cheap when I bought it but it's expensive now that I'm 76. I tried to switch to a cheaper plan but was turned down because of some health conditions. Will health care reform prevent Medigap plans from doing this? ...
Tags: Health Reform, Medigap Plans, Medicine
Canadian mutual insurance firm Wawanesa Mutual Insurance Company has chosen Guidewire’s PolicyCenter and BillingCenter as its new underwriting and policy administration technology and to manage its billing operations, respectively. ...
Tags: Wawanesa, Guidewire Technologies, Insurance Operations
US-based diversified conglomerate Berkshire Hathaway has agreed to reimburse $610m to Swiss Re, a re/insurance group, over a life retrocession agreement that was completed in 2010. After the completion of the agreement, the total ...
Tags: Service
Property and casualty insurer ACE has acquired Fianzas Monterrey in Mexico, a surety lines company, from New York Life Insurance for nearly $293m in cash. Originally inked in September 2012, the transaction was successfully completed ...
Virtualization, cloud services and software-as-a-service (SaaS) is making it much easier to shift IT infrastructure operations to service providers, and that is exactly what many users are doing. This trend is being felt the most at ...
Tags: Computer Products, software
British insurer Legal & General Group has entered into an agreement to purchase 75% share capital of Cofunds Holdings, in a deal valued at approximately 131m in cash. The acquisition, which will be financed form the existing cash ...
US veterinary medical insurer, Pethealth has inked an asset purchase agreement to acquire certain assets of PurinaCare Insurance Services' pet insurance operations. The agreement was signed between Pethealth's subsidiary PTZ Insurance ...
Tags: pet insurance, insurance, medical insurer
Munich-based insurer Allianz has inked an agreement to acquire Turkish property and casualty underwriter Yap Kredi Sigorta including its life and pension subsidiary Yap Kredi Emeklilik, in a deal valued at TRY1.6bn (€684m). ...
Aon eSolutions, a US-based technology solutions business of Aon, has agreed to partner with core insurance processing software and services provider Insurity to offer Insurity’s policy and billing solutions to its customers in the US. ...
PartnerRe, a provider of diversified reinsurance services, has established a new reinsurance sidecar facility, called Lorenz Re, to offer additional capacity to a number of its customers. Capitalized with $75m through the issuance of ...
ACE USA, the US-based retail operating division of property and casualty insurer ACE Group, has launched Foreign Casualty Pollution Liability coverage endorsement for its clients. The new endorsement offers borderless international ...
Tags: ACE, insurer ACE Group, insurance
Caixa Seguros, a Brazilian subsidiary CNP Assurances, has signed an agreement to purchase 70% of the outstanding shares of Previsul, for a sum of BRL70m (€27m). Acquisition of Previsul, a Porto Alegre-based life insurance specialist, ...
Tags: health insurance, insurance, life insurance
American International Group (AIG) has introduced its new risk financing solution, Collateral Flex Option (CFO), for firms with large deductible casualty insurance programs in the US. The new technology offers a flexible option for firms ...
Tags: risk financing solution, liability insurance, insurance