Life insurer Primerica has registered an 18% rise in its second quarter of 2012 net operating income, which summed up to $45.5m, or $0.71 per diluted share, compared to $38.6m, or $0.51, during the same period last year. For the latest ...
Tags: Primerica, operating income, net income
The Federal Reserve Board (FRB) in the US has imposed a monetary penalty of $3.2m against MetLife, claiming that the US underwriter failed to manage its subsidiary bank's mortgage loan servicing and foreclosure processing operations. The ...
Tags: FRB, MetLife, mortgage loan
Allianz Life Insurance Company of North America has registered 21% rise in operating profit, which stood at $381m for the first half of 2012, against a profit of $315m in the comparable period last year. The underwriter claimed that its ...
Tags: Allianz Life Insurance Company, operating profit, comparable period
North Star Mutual Insurance has deployed iPartners' Insurance Scorecard business intelligence solution, which will offer business intelligence, advanced analytics, and single-view of insurer's policy and claims data. According to ...
Tags: Service, Software, SaaS model
The Securities and Exchange Commission in the US has charged five physicians with insider trading in the securities of Medical Professional Liability Insurer. The federal watchdog accused the five medicos and said that one of the prime ...
Tags: SEC, charged, insider trading, medicos
US insurance brokerage firm Arthur J Gallagher & Co has acquired Triad in a deal with undisclosed terms of the transaction. The insurer has launched an acquisition spree for the past few months in order to emerge as the largest player in ...
Tags: Arthur J Gallagher, Triad, acquisition spree
Symetra Life Insurance has added a latest lapse protection benefit to its cash value universal life (UL) insurance product, Symetra Classic UL, which provides both growth potential and guaranteed protection. According to the underwriter, ...
Tags: Symetra Life, UL, underwriter
AEGON has cancelled the listing of its common shares on the Official List maintained by the UK Listing Authority and the admission to trading of its common shares on the London Stock Exchange (LSE). The Netherlands based underwriter has ...
Tags: Aegon, cancelled, common shares, life insurance, pensions
The Federal Reserve Bank of New York has sold over $4bn of packaged mortgage debt, further reducing a portfolio of assets associated with the bailout of Dutch insurer American International Group (AIG). Since the sales of the securities ...
US underwriter BancorpSouth Insurance Services, a subsidiary of BancorpSouth Bank has struck a deal to buy the assets of the Securance Group, for an undisclosed amount. BancorpSouth chairman and CEO Aubrey Patterson said the agreement to ...
Tags: Service, Insurance Services, Insurance
Dutch insurer Aegon is planning to cancel its listing on the official list maintained by the UK Listing Authority and its admission to trading on the London Stock Exchange (LSE). Both cancellations are anticipated to take effect on 29 ...
Tags: Aegon, cancelled, common shares, life insurance, pensions
Paragon Solutions, an advisory consulting and systems integration firm, has finalized a deal to deliver a Summary of Benefits and Coverage Solution for a health insurer to help it meet the government-mandated deadline for fall of 2012. ...
Belgium based underwriter KBC insurance has deployed ALIS policy administration solution from Sapiens International Corporation, with an aim to boost its footprint in Belgium underwriting industry. The insurer said that the solution will ...
About 20 years ago, we were running our first data mining pilot at the large insurer I was working for at the time. I'm reminded of this project whenever I listen to the advice given in connection with big data projects. "Know what ...
Tags: large insurer, big data projects, best practice, discovery
UK insurer Prudential has finally selected and appointed Paul Manduca as its new chairman, which will be effective from 2 July 2012. Paul Manduca will replace Harvey McGrath, who decided to leave the firm after being criticized for ...
Tags: Prudential, Paul Manduca, new chairman