Property and casualty insurer ACE has inked a definitive agreement to purchase Fianzas Monterrey in Mexico from New York Life Insurance Company for nearly $285m in cash. Commenting on the deal, ACE chairman & chief executive officer Evan ...
Tags: property insurer, casualty insurer, ACE, life insurance, health insurance
ACE USA, the US based retail operations of the ACE Group, has enhanced the coverage for buyers of its combined general liability and pollution policy form ACE PaC, developed for mid-sized clients in the chemical industry with pollution ...
Tags: ACE USA, insurance coverage, ACE PaC, insurance product
DirectAsia.com Hong Kong has successfully deployed Sapiens International's web-based direct insurance software, Sapiens IDIT Software Suite. The deployment follows implementation of IDIT software suite at DirectAsia.com Singapore in June ...
Tags: insurance software, Sapiens IDIT Software Suite, international insurance
Ebix, a supplier of on-demand software and e-commerce services to the insurance industry has acquired TriSystems, a Londoner online insurance trading hub that facilitates commercial insurance and reinsurance transactions between London ...
Tags: Ebix, TriSystems, on-demand software, e-commerce services, insurance
Argo Group International Holdings has posted net income of $24m, or $0.92 per diluted share, up 10% from a net income of $21.6m, or $0.78 per diluted share during the same period last fiscal. Argo Group CEO Mark E Watson III said, "Each ...
Tags: Argo Group International Holdings, net income, underwriting profit
MD Insurance Services UK (MDIS) has deployed Sapiens International's Sapiens IDIT software suite for offering buildings warranty insurance, to cover their 10 year guarantees. To be implemented as MDIS new web-based policy administration ...
Tags: MD Insurance Services, Sapiens International's Sapiens IDIT
Oracle has introduced a new application to help insurers understand, comply with Solvency II reporting requirements and manage risk using a single unified platform. The new application, known as Oracle Insurance Solvency II Analytics, is ...
Tags: Oracle, insurers, Solvency II, unified platform
Willis Group Holdings has reported a net income of $108m, or $0.61 diluted earnings per share, for the second quarter of 2012, compared to $85m, or $0.48 diluted earnings per share, for the same period in 2011. The total revenues for the ...
Tags: Willis Group Holdings, net income, operating income, investment income
The Navigators Group, a commercial property/casualty insurer, has implemented AIR Worldwide's CLASIC/2 and CATRADER modeling technologies to manage its global catastrophe business. The catastrophe models are expected to be used by the ...
Tags: Navigators Group, commercial property/casualty insurer, AIR Worldwide
Karen Clark & Company (KCC) has introduced RiskInsight open, a global catastrophe risk management platform to enable insurance and reinsurance firms to build their proprietary views of risk. KCC CEO Karen Clark said, "Companies want a ...
More than 36% of UK corporates do not have any specific insurance coverage against risks posed by terrorism and political violence threats. According to a research "Property Insurance: Terrorism and Political Violence", carried out by ACE ...
Tags: specific insurance, property Insurance, underwriting, ACE
Property and casualty insurance major ACE has establish a strategic alliance with RAC in the UK, pursuant to which they will provide travel insurance under the RAC brand. As per the partnership deal, the new travel insurance product will ...
Tags: property and casualty insurance, ACE, strategic alliance, RAC
Argo Group International Holdings' Dubai-based subsidiary, Argo Re (DIFC) has hired Jason Dsouza as a casualty and professional lines underwriter. Dsouza will directly report to Argo Re (DIFC) chief underwriting officer, Lina Hantas. ...
Allied World US, a subsidiary of Allied World Assurance Company Holdings, has signed an agreement with Venture Underwriters to offer a General Liability program for commercial contractors. The program is scheduled to specifically target ...
Tags: Allied World US, commercial contractors, financial security insurance
International reinsurance broker Willis Re has completed the second stage of implementing Sequel's Eclipse Broking software. Implementation of the technology brings the number of Willis Group staff using Sequel's platform for their ...