Zurich Insurance (Zurich) has hired Michael Kerner as CEO of General Insurance (GI) and member of the Group Executive Committee (GEC), with effect from 1 September 2012, subject to regulatory approval. Currently, Kerner is acting as CEO ...
Manulife Financial has reported a net income of C$1.2bn, or C$0.62 diluted earnings per share, for the first quarter of 2012, compared to C$985m, or C$0.53 diluted earnings per share, for the same period in 2011. The total revenue for the ...
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Morocco based Saham Finances has signed a deal with Bank Audi - Audi Saradar Group to buy 81% of the capital of LIA Insurance for an undisclosed amount. The deal is subject to customary closing conditions and concerned regulatory ...
Tags: Saham Finances, Morocco, Audi Saradar Group, LIA Insurance, insurance
Arch Capital Group has registered that its net income available to common shareholders for the first quarter of 2012 was $157.8m, or $1.14 per share, against $19m, or $0.14 per share during the corresponding quarter of 2011. During the ...
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Platinum Underwriters Holdings has reported that its net income for the second quarter of 2012 was $67.5m and diluted earnings per common share of $1.97, compared to a net loss of $20.4m during the corresponding period earlier fiscal. For ...
Tags: Holdings, net income, quarter 2, insurance
Premier's healthcare alliance has selected Beazley as the preferred cyber liability insurer for its clients, which include more than 2,700 US hospitals and 90,000 healthcare sites. The firm's subsidiary, Premier Insurance Management ...
Tags: healthcare alliance, cyber liability, health insurance, insurance
Pacifico Seguros, a Peru-based insurance company, has implemented Guidewire InsuranceSuite as its new underwriting, policy administration, billing and claims management platform. The company has also deployed Guidewire Rating Management ...
Tags: Pacifico Seguros, Guidewire InsuranceSuite, policy administration
Liberty Mutual Insurance Group, a diversified underwriting start up, has forayed into Ecuador’s insurance arena, riding on two acquisitions including Panamericana de Seguros del Ecuador and Cervantes Compania de Seguros y Reaseguros. ...
Tags: Liberty Mutual Insurance Group, Ecuador, acquisition, insurance
Everest Re Group has reported $250.9m in net income or $4.82 per diluted common share for the third quarter 2012, an increase of 298% compared to $63.1m, or $1.16 during the same period last fiscal. After-tax operating income, excluding ...
Tags: Everest Re Group, net income, quarter 3, insurance
Property and casualty insurer ACE Limited has reported net income for the quarter ended on 30 September 2012, of $688m or $1.86 per share, compared with a net loss of $751m or $0.11 per share for the same quarter last year. Commenting on ...
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ACE Group's subsidiary, ACE Puerto Rico, has deployed latest re-architected variant of Cover-All policy to improve its commercial lines customer service. Developed by Cover-All Technologies, the Cover-All policy is expected enhance the ...
Tags: ACE Group, ACE Puerto Rico, Cover All policy, customer service, insurance
A French subsidiary of Helvetia insurance group has received European Commission approval for the acquisition of Gan Eurocourtage's marine and transport insurance contracts (excluding aviation and space) and related brokerage businesses, ...
Tags: Helvetia, insurance, European Commission, acquisition
Tower Group has accomplished its $75m investment in Canopius Group and subsequently acquired 10.7% of the ordinary share capital in the firm. Canopius, a privately owned Lloyd's of London insurance holding company offers insurance and ...
Tags: Tower Group, investment, Canopius Group, share capital, insurance
Insurance services provider BMS Group has appointed Glenn Kerr to lead its wholesale and facultative business in the Asia-Pacific region. Based in Sydney, Kerr will join the BMS wholesale team, led by BMS Wholesale CEO Nick Cook, on ...
Tags: BMS Group, Glenn Kerr, facultative business, insurance
Specialty insurance and reinsurance products provider Argo Group International Holdings has appointed Jason Dsouza as casualty and professional lines underwriter for Argo Re (DIFC). Based in Dubai, Dsouza will report to Argo Re's (DIFC) ...
Tags: insurance, reinsurance, insurance product, insurance service