Royal Bank of Scotland’s insurance arm Direct Line being demerged from the parent company is gearing up to slash about 900 employees, as a part of its 100m pounds cost-cutting drive. The auto insurer has drawn an outline to save the ...
Tags: demerge, Royal Bank of Scotland's insurance, Direct Line
The State Auto Insurance Companies, a US-based property and casualty insurer, has promoted Cynthia Powell as its new chief risk officer. Powell, who will report to State Auto president, chairman and CEO Bob Restrepo, will promote ...
Tags: Auto Insurance, property insurance, casualty insurance
Privilege Underwriters Reciprocal Exchange (PURE) has expanded its customized property and casualty insurance (P&C) coverage to owners of well-built, high-value homes in Minnesota, US. According to the company, the policy will enable the ...
Tags: Pure, casualty insurance, Minnesota, insurance, customized property
Casualty insurer Intact Financial has registered net operating income of $180m for the second quarter of 2012, with an increase of 89% from an operating income of $95m during the same period last year. On a per share basis, net operating ...
Tags: Intact Financial, net operating income, quarter 2, insurance
Bermuda-based insurer Everest Re Group has reported a net income of $214.6m, or $4.08 diluted earnings per share, for the second quarter of 2012, compared to $131.3m, or $2.41 diluted earnings per share, for the same period in 2011. For ...
Tags: Everest Re Group, net income, second quarter, insurance company
United Insurance, a property and casualty insurance holding company, has selected B Bradford Martz, CPA, as its chief financial officer (CFO), effective from 1 October 2012. In his new role, Martz will be responsible for United's ...
Tags: United Insurance, insurance holding company, B Bradford Martz, CFO
The US Department of Treasury is planning to sell $5.8bn worth of its shares in American International Group (AIG), further reducing ownership stake to 61% from 70%. The department has agreed to sell 163.93 million shares at $30.50 per ...
Tags: The US Department of Treasury, American International Group
RLI, a property and casualty insurance firm headquartered in Peoria, Illinois, US, has named two directors to its board, bringing the total number of directors to 11. The insurer said that its president & chief operating officer Michael ...
Tags: RLI, management board, insurance, RLI director
Fidelis Group Holdings (FGH) through its subsidiary, Continental Underwriters, has introduced a new $25,000,000 Excess Marine Liability facility for the maritime industry. To be offered by program insurer Houston Casualty Company (HCC), ...
Freberg Environmental Insurance (FEI) has inked an agreement to underwrite environmental insurance coverage in collaboration with Berkley Custom Insurance Managers, a newly formed member company of W R Berkley. The underwriter said that ...
Tags: FEI, environmental insurance, Berkley Custom Insurance, insurance
Direct-to-consumer personal car insurance provider Esurance has selected Elinor MacKinnon as its new managing director and chief information officer. In his new role, MacKinnon will spearhead all of Esurance's information technology, ...
Tags: car insurance, Esurance, managing director, insurance
Government Employees Insurance Company (GIECO) has announced the availability of a range of new features for its GEICO App to offer an improved mobile experience for its customers. According to the company, the additional features will ...
Tags: GIECO, GEICO App, mobile experience, insurance
UK-based insurance company, Aviva is reportedly putting its South Korean and Sri Lankan businesses up for sale as part of its strategy to raise money to protect against its comparetively higher eurozone exposure. Reuters reported the ...
Tags: insurance, Aviva, insurance market, insurance business
Insurity has launched a standards-based Forms Authoring Tool in a bid to expand the App Factory Configurator capabilities and benefits for Policy Decisions clients. The Forms Authoring Tool enables easy forms creation, control, ...
Tags: Authoring Tool, insurance comoany, insurance management
US-based property insurer Fidelity National Financial (FNF) has completed the merger of its 100%-owned subsidiary, O'Charley's with American Blue Ribbon Holdings, a FNF's previously 45% owned restaurant company. As part of the merger, the ...
Tags: Fidelity National Financial, insurer, insurerance, merger