Prudential Individual Life Insurance, a unit of Prudential Financial has promoted Caroline Feeney, agency distribution’s vice president of the eastern territory, as the president of agency distribution. Feeney will take the place of ...
Tags: Individual Life Insurance, insurance products, investment products
The third biggest underwriter in Europe Generali has appointed Mario Grecoas its new CEO, after terminating the employment contract between the company and Giovanni Perissinotto as general manager. Before accepting the current position at ...
MetLife has agreed to pay $500m in a multistate settlement with Florida insurance investigators in connection with holding death benefits from life insurance policies issued decades ago. The regulators accused the US insurer over non ...
Tags: MetLife, multistate settlement, death benefits, insurance
UK based Pension Corporation, the specialist insurer which manages pension schemes’ risks, has raised nearly £300m by disposing some of its pension schemes to reinsurer Munich Re. The Munich Re arrangement has been initiated ...
Tags: Pension Corp, Pension Corporation, specialist insurer, pension schemes
UK based Pension Corporation, the specialist insurer which manages pension schemes’ risks, has raised nearly 300m pounds by disposing some of its pension schemes to reinsurer Munich Re. The Munich Re arrangement has been initiated ...
Tags: pension, insurance, pension scheme, Munich Re
Aviva, one of the largest underwriters in the UK has overhauled its senior management team to gain additional foothold in the insurance arena. According to the insurer, it has appointed David McMillan as the director group transformation ...
Tags: Aviva, senior management, insurance arena, insurance
US based property and casualty underwriter Tower Group has announced sale of its health insurance business for $102m to Australian private health insurer NIB Holdings. Subject to clearance from the Overseas Investment Office, the sale is ...
Tags: Tower Group, health insurance, insurance, insurance product
ACE Group, a multiline property and casualty insurer has promoted two officers with immediate effect as part of its efforts to strengthen its management and underwriting team. Current Major Risks casualty manager Mike Reid has been ...
Tags: ACE Group, casualty insurance, insurance industry, insurance
IT solutions and services company, Computer Task Group, has won four healthcare IT contracts, totaling $16m, over a two-year period. The contracts include a two-year application management outsourcing engagement for a ...
Allstate Insurance has sued 18 persons to recover more than $796,000, which the company paid to its customer due to forged bills prepared by these people. The underwriter filed a case in Federal District Court as a Declaratory ...
Tags: Allstate Insurance, insurance defraud, insurance, defraud case
US personal lines insurer Allstate has named Sanjay Gupta as the company’s executive vice president and chief marketing officer, effective from 1 September 2012. The insurer has assigned Gupta to concentrate on marketing and ...
Tags: Allstate, Sanjay Gupta, executive vice president, marketing officer
AEGON has appointed two key executives in its management team including Michiel Katwijk as chief financial officer (CFO) for the Americas and Darryl Button as executive vice president, head of the corporate financial center, effective from ...
Tags: AEGON, management, CFO, financial center, finance
New Jersey-based Prudential Financial has reported first-quarter net loss for its financial services business at $988m or $2.09 per share, compared to net income of $539m or $1.10 per share during the same period in 2011. Financial ...
Tags: Prudential Financial, financial service, net income, quarter 1, finance
German underwriter Munich Re consolidated profit rose by 10% to €812m in the second quarter of 2012, compared with a consolidated profit of €738m during the same quarter last year. The insurer said that the profit rose as ...
The ACE Group, a provider of insurance and reinsurance services, has made two new management appointments within its Continental Europe region, with an aim to boost underwriting capabilities across the region. The insurer said that Jerome ...
Tags: ACE Group, insurance, reinsurance, management appointment