Global multiline property and casualty insurer ACE Group has reported net income of $916m, of $2.66 per share for the third quarter of 2013, up by 43.1% compared to $640m, or $1.86 per share, during the same period last fiscal. ACE ...
Tags: property insurer, casualty insurer
Shriram General Insurance (SGI), the non-life insurance subsidiary of Shriram Capital, and its South African partner Sanlam, are mulling over acquiring non-life insurance operations in Asia, including Malaysia, Indonesia, Vietnam, and ...
Tags: General Insurance, Insurance
New Zealand owned life insurer Pinnacle Life has added a new ‘tick box’, which enables policy owners to boost their accidental death coverage by 50% by increasing their current premiums by 20%. The company said that the new ...
Tags: Pinnacle Life, Life Insurance
TAL Dai-ichi Life Australia, a unit directly owned by the Dai-ichi Life Insurance Company, and its subsidiaries, has agreed to purchase 100% ownership of NFS Group (National Financial Solutions and its subsidiaries), for an undisclosed sum. ...
Tags: NFS Group, Life Insurance
US-based life insurer MetLife has received regulatory approval from Myanmar's Directorate of Investment and Company Administration to set up a representative office in the country. The company will now concentrate on completing the ...
ACE USA has appointed Teresa Black as the new senior vice president & CEO of ACE USA Surety, to lead the underwriting team and develop and cultivate new client and broker relationships. Reporting to Stephen Haney, division president, ACE ...
Tags: Teresa Black, insurance industry
Seclore, a leader in providing security, privacy and compliance solutions, announces the successful deployment of its flagship Information Rights Management (IRM) technology - Seclore FileSecure - for HDFC Life, one of India's leading ...
Tags: Seclore, compliance solutions
Spain-based insurance firm Mapfre has purchased a 20% percent stake in Indonesia’s Asuransi Bina Dana Arta ( ABDA), for an undisclosed sum. Besides acquiring the minority stake in ABDA, Mapfre has formed a partnership to provide the ...
The total annual value of property and casualty (P&C) and life insurance policies sold through digital channels in Europe is expected to touch €25bn in 2016, which is more than twice the 2012 volume of €12bn. A new study by ...
Tags: Insurance, Digital Channels
Zurich Insurance Company South Africa, a subsidiary of the Zurich Insurance Group, has inked an agreement to purchase 100% ownership of BnB SURE Proprietary, for an undisclosed sum. The current announcement stems up from a development in ...
Tags: Zurich Insurance, Insurance
In response to the growing financial impact and frequency of product recalls for food and beverage manufacturers, distributors and importers in the U.S. and Europe, American International Group (AIG) today launched NOVI, a web-based service ...
Zurich-based Swiss Reinsurance (Swiss Re) is reportedly looking for viable options to divest Aurora National Life Assurance Co, as the company seeks to exit the US life and health insurance market. People familiar with the matter were ...
Tags: Life Insurance, Swiss Reinsurance
British insurance and pensions company Legal & General Group (L&G) has tabled a bid to acquire Co-operative Group’s home insurance business. L&G has expressed interest to purchase Co-Operative's household book and not its motor ...
Tags: insurance, Home Insurance Business
Falcon Insurance Company and Bank Muscat have entered into an agreement to offer life insurance cover to all customers availing consumer loans from the bank in the region. Based on the terms of the agreement, all existing and new ...
Affordable Care Act (ACA) also known as Obamacare, the flagship complimentary health insurance program for all the US denizens, is proving to be a major setback for insurers, and nine insurance firms are pulling out of Nebraska medical ...
Tags: Insurers, Healthcare Insurance