British Insurance firm Aviva's chief executive officer Andrew Moss has stepped down from his position with immediate effect after shareholder revolt over pay. The board has requested chairman designate John McFarlane to become ...
Tags: Aviva, Andrew Moss, insurance company, insurance
ACE Group has appointed three new key executives within its Europe, Middle East and Africa (EMEA) travel team, with a strategy to build its travel business across the region. The US underwriter has promoted Emma Bazard, currently acting ...
Tags: ACE Group, travel business, executives, insurance, travel insurance
Swiss insurer Zurich Insurance is likely to expand its insurance operations in a bid to gain a strong foothold in emerging markets such as China and Indonesia. The underwriter, under the guidance of its chief executive officer Martin ...
Tags: Zurich, insurance operation, China, Indonesia, insurance market
MedMal Direct Insurance has named David Kroupa as its new vice president of sales for the company, who will oversee the development, management and execution of the medical malpractice insurance sales strategies. MedMal Direct chief ...
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Japanese multinational conglomerate Nomura is seriously mulling to dispose or refinance its ING’s insurance unit in Japan, particularly its variable annuity business, with an aim to boost its capital base. A consortium including ...
Tags: Nomura, capital base, ING, insurance
New York based insurer the Navigators Group has appointed Jennifer Yang as chief risk officer, who will oversee its enterprise risk management worldwide. The company said that Yang will report to Ciro M DeFalco, senior vice president and ...
Tags: Navigators Group, chief risk officer, risk management, insurance
CSC has licensed components of its Integral insurance administration software suite to Aviva Life Insurance Company India, under a deal signed by both parties in the first quarter of fiscal 2013. As part of Aviva India's business systems ...
Tags: CSC, insurance software, insurance, life insurance
Susquehanna Bancshares has selected Capital BlueCross to serve as its health insurance provider. Under the three-year contract, which follows previously signed 12 year agreement, the company will continue to offer health coverage to 4,900 ...
Tags: Susquehanna Bancshares, Capital BlueCross, health insurance, insurance
Commercial lines insurer RSA and The Co-operative Insurance have signed a bilateral agreement to settle outstanding motor recoveries. The deal is designed to remove frictional costs, limit the need for claims handlers to get involved and ...
Tags: RSA, Cooperative Insurance, motor recovery, insurance
Guggenheim Life, the underwriting business unit of Guggenheim Partners, is gearing up to acquire some, or all, of Aviva US, for expected purchase price of 800m p ($1.25bn). With $160bn assets, Guggenheim has plans to increase its ...
Tags: Guggenheim Life, acquisition, Aviva US, purchase price
US based life insurer National Western Life Insurance Company reported that its revenue rose by 9% to $196.7m for the first quarter in 2012, compared to revenue of $180.37m during the same quarter previous year. Operating revenues, ...
Tags: National Western Life Insurance, quarter 1 revenue, insurance, revenue
MTL Insurance Company, a member of Mutual Trust Financial Group, has picked up the Sapiens ALIS policy administration system to administer its life and annuity business. The policy administrator will assist the US insurer to modernize its ...
Tags: MTL Insurance, policy administration system, life insurance
US based private equity firm Apollo Global Management (APO) is said to be ahead of its rivals Philip Falcone's Harbinger Group in bidding race to purchase Aviva US life insurance and annuities unit. Sources familiar with the development ...
Tags: Apollo Global Management, Philip Falcone, bidding race
The UK's biggest insurer by market capitalisation, Prudential is in a deal with Swiss Re to purchase part of the latter's US life assurance business for 398m pounds in cash. The deal would be carried out through Prudential's subsidiary, ...
Tags: Prudential, Swiss Re, life assurance, insurance
Prudential Group Insurance, a business of Prudential Financial, has named Andrew Sullivan as the new head of its disability business, with immediate effect. Sullivan, currently spearheading the underwriter's small market business segment, ...
Tags: Prudential Group Insurance, Prudential Financial, Andrew Sullivan