Independent specialist broker, BMS has selected Sequel to run its insurance and reinsurance broking systems in the London market, the US and Bermuda. According to the brokerage firm, BMS will change all its legacy systems with just one ...
Tags: BMS, trading platform, Sequel software
Agencyport Software has introduced AgencyPortal 4.5, a new version of AgencyPortal platform to provide self-service portals to insurance companies' retail agents, brokers, MGAs and policyholders. The AgencyPortal is being used by over ...
Tags: Agencyport Software, AgencyPortal 4.5, AgencyPortal platform, insurance
London based private equity firm Cinven is planning to launch its Partnership annuity business, although the firm has not revealed the name of the new underwriting entity. Sources close to the matter told Financial Times that the private ...
Insurance firm Amlin has returned to profit after a major loss suffered in 2011 due natural disasters, such as Japanese tsunami, New Zealand earthquake and flooding in Thailand that affected the company to large extent. The company saw ...
Tags: Amlin, natural disasters, pre-tax profits soar, insurer
Global professional services company Towers Watson has named Christof Bentele and Chris Holt to lead its new Crisis Management team, marking its foray into crisis management market. The new team has been designed to develop expertise in ...
Tags: Towers Watson, Christof Bentele, Chris Holt, Crisis Management team
Willis Group's facultative and wholesale reinsurance arm Faber Global has opened a new office in Singapore to cover cfor local and Asian markets. Faber Asia-Pacific CEO will lead the new Singapore office, reporting to Faber CEO Jason ...
Tags: Willis Group, reinsurance arm, Faber Global
Bermuda-based reinsurance specialist Validus Holdings has appointed Mahmoud Abdallah to its board of directors with immediate effect, expanding the board to ten members. Validus chairman and chief executive officer Ed Noonan said: ...
Tags: reinsurance specialist, Validus Holdings, Mahmoud Abdallah
Switzerland based insurer ACE and its local partner have inked a deal to acquire PT Asuransi Jaya Proteksi in Indonesia for nearly $130m in cash. Commenting on the Indonesian acquisition, ACE vice chairman and chief operating officer John ...
Tags: insurer, ACE, PT Asuransi Jaya Proteksi, life insurance
ACE USA, the retail operating division of property and casualty insurer ACE Group, has appointed Kelley Kinsella as the new senior vice president & regional executive officer for its Midwest Region. Delivering highly responsive services ...
Tags: ACE USA, casualty insurer, ACE Group, Kelley Kinsella
New York-based private equity firm, Southport Lane has completed acquisition of Redwood Reinsurance SPC, a Cayman Islands-based reinsurer for an undisclosed amount. Southport Re CEO Glenn Weber said the acquisition represents the ...
Tags: Southport Lane, insurance, reinsurance platform, liability insurance
Chaucer Syndicate 1084 has introduced a new marine product intended for vessel owners and operators in the offshore renewable energy sector. According to InsuranceTimes.co.uk, the product will be unveiled at the upcoming Seaworks ...
Tags: Chaucer Syndicate 1084, marine product, marine insurance, insurance
Allied World US, a subsidiary of Allied World Assurance Company Holdings(AWH), has introduced a new product, dubbed Techtonic//5.0, to offer combined coverage for a wide range of evolving exposures in Errors & Omissions (E&O) and Privacy ...
Tags: Allied World US, dubbed Techtonic//5.0, dynamic coverage solution
Fairfax Financial Holdings’ RiverStone runoff subsidiary has signed an agreement with Brit Group to buy all the outstanding shares of Brit Insurance Limited (BIL) of London, England for an undisclosed sum. According to the insurer, ...
Tags: Fairfax, subsidiary, BIL, London
Bank of America (BofA) has been charged by homeowners in a Florida federal court over allegations for charging them excessively in connection with so-called force-placed insurance. The home owners were quoted by Bloomberg as saying, "A ...
Tags: Florida home owners, force-placed, BofA
ACE will soon inaugurate a new office in Aberdeen before the end of 2012 as part of its continued strategy to enhance service for UK regional brokers and clients. According to the underwriter, the branch will be ACE's 12th in its UK and ...
Tags: ACE, insurance business