Fairfax Financial Holdings has completed sale of its stake in Florida-based insurance firm Cunningham Lindsey for proceeds of nearly $270m. The acquisition follows an agreement signed between Luxembourg-based CVC Capital Partners and ...
Tags: Fairfax Financial Holdings, Cunningham Lindsey, insurance, stake
Kofax Communication Server has been selected by an unidentified US insurer, to increase its property and casualty claims and related documents processing as well as reduce costs and improve customer service. The technology will help the ...
Generali France has entered into a 10 year agreement with Accenture to manage a portfolio of over 100,000 individual life insurance policies, which are no longer underwritten, marketed or promoted by the insurer. Based on the agreement, ...
Tags: Generali France, portfolio, insurance policy, insurance
White Mountains Solutions Holding Company has signed a definitive agreement for acquisition of a runoff subsidiary of US insurer, American International Group (AIG). As part of the agreement, White Mountains will acquire American Fuji ...
Netherlands insurer Achmea Insurance Group has implemented Sapiens IDIT software suite for conducting core general insurance business in Australia. Selection follows the company's decision to deploy Sapiens IDIT as the strategic software ...
Tags: insurer, software suite, core general insurance business
The Netherlands based underwriter Aegon will purchase Ukraine based insurer Fidem Life, further boosting its capabilities in the developing Central and Eastern European market. Aegon has been trading in the region since 1992 and presently ...
South Africa-based non-life insurer Santam has selected Guidewire Software PolicyCenter as its new underwriting and policy administration solution. In addition to Guidewire Rating Management to benefit more precise rating and pricing ...
Tags: non-life insurer, policy administration solution, new underwriting
The Odell Studner Group, a property and casualty insurer, has entered into a teaming agreement with Digital Insurance, in an effort to continue its growth and improve employee benefits offerings. As part of the agreement, Odell Studner's ...
Health insurer Independence Blue Cross (IBC) has expanded its relationship with Inovalon (the new name of MedAssurant). Under the expanded partnership, the health insurer will implement Inovalon's Star Advantage and INDICES solutions to ...
Tags: health insurer, Independence Blue Cross, Inovalon, measurement system
Mercury Insurance Group, a US-based multi-line insurer has selected Guidewire Software's InsuranceSuite as its new underwriting, policy administration, billing and claims management platform. According to Guidewire, the solution was ...
A member of the Pan-European insurance group Achmea BV, Oranta Insurance has successfully implemented Sapiens IDIT Software Suite, which enabled the underwriter to go live its operatons. The new software platform from Sapiens ...
Tags: Oranta Insurance, Sapiens IDIT Software Suite, underwriter
Aon has reported that its total revenue during the first quarter of 2012 grew by 3% to $2.8bn from the prior year quarter backed by a 4% increase in organic revenue, partially offset by a 1% decrease from unfavorable foreign currency ...
Tags: Aon, net income, organic revenue, insurer
Property and casualty insurer ACE has inked a definitive agreement to purchase Fianzas Monterrey in Mexico from New York Life Insurance Company for nearly $285m in cash. Commenting on the deal, ACE chairman & chief executive officer Evan ...
Tags: property insurer, casualty insurer, ACE, life insurance, health insurance
Bailed out US insurer American International Group (AIG) is creating hassels to prevent attempts by US homeowners to refinance their government-backed mortgages. AIG is reluctant to automatically waive its right to pursue lenders for ...
Tags: American International Group, government-backed mortgages, underwriter
United Property and Casualty Insurance Company(UPC),a wholly-owned subsidiary United Insurance,has inked a multi-year agreement to implement Symbility into its operations. UPC claims vice president John Langowski said,"Symbility will ...
Tags: UPC, agreement, Symbility, Claims Connect