International Medical Group (IMG) has improved its flagship marine group medical insurance program, to help ship owners to offer their crew-members a complete coverage for eligible medical expenses. Known as International Marine Medical ...
Policyholder-owned insurer Privilege Underwriters Reciprocal Exchange (PURE) will offer its customised, comprehensive property and casualty insurance with major coverage options to high-net-worth homeowners in Vermont. Compared to ...
Tags: Insurance, casualty insurance
Australian general insurer QBE Insurance Group has posted a net profit of $477m for the first half of 2013, a decline of 37% compared to $760m for the same period last year. Underwriting profit grew by 2% to $530m for the first half of ...
Tags: Insurance, general insurer
Bermuda-based global diversified insurance and reinsurance holding company Tower Group International (TWGP) has terminated its agreement to acquire American Safety Reinsurance (ASRe), from Fairfax Financial. Without disclosing reasons for ...
Tags: Tower Group, diversified insurance
Alpine Glass of Minneapolis, Minn., has been awarded an arbitration award against AAA Insurance Co. for $149,500.57. The award represents 100 percent of the amount sought through arbitration for short pays from the insurer. Mike Reid, ...
Tags: Glass, Construction, Alpine Glass
Lloyds Banking Group, a 40% government-owned UK lender, is mulling to divest its German insurance business Heidelberger Leben to Frankfurt-listed insurer Hannover Re, in a transaction valued at approximately €400m ($533m). As part of ...
Tags: Lloyds Banking, Insurance
Workers’ compensation insurance provider CompSource Oklahoma has deployed InsuranceSuite, including Client Data Management from Guidewire Software as its new platform for underwriting and policy administration, rating, billing, ...
Tags: insurance
Prudential Insurance Company of America (PICA) and Bank Simpanan Nasional (BSN) have agreed to acquire 100% of Uni.Asia Life Assurance’s (UAL) issued and paid-up ordinary share capital, to boost their insurance operation in Malaysia. ...
Tags: Life Assurance
Pennsylvania-based multi-line insurance carrier Erie Insurance has deployed Symbility’s property and casualty claims workflow management software, Claims Connect, to streamline its claims estimating process. The software will assist ...
Tags: Erie Insurance
Apollo Global Management (Apollo) has agreed to provide a set of heightened policyholder protections as part of Athene Holding's proposed acquisition of Aviva Life and Annuity Company of New York (Aviva New York). The New York's ...
Tags: Apollo, Policyholder Protections
Insurer Lincoln Financial Group (LNC) has unveiled next generation survivorship variable universal life insurance product, SVULone (2013), which provides a guaranteed lifetime death benefit, while enabling to pursue market-driven growth ...
Tags: Lincoln Financial, Life Policy
Insurance technology provider Applied Systems has purchased UK-based Insurecom, for an undisclosed sum, with a strategy to boost its UK footprint. The acquired, which will operate as Applied Systems UK, had been serving as a business ...
Tags: Applied Systems, UK Operations
US-based specialty insurer American Modern Insurance Group is set to deploy PolicyCenter, BillingCenter, and Client Data Management platforms from Guidewire Software, as part of its business transformation initiative. PolicyCenter and ...
Tags: Guidewire Platforms
UK-based broker network Keychoice has formed a strategic partnership with LV= Broker to provide its members with access to more than 800 independent brokers. Under the partnership, Keychoice members can access LV= Broker's ABC home ...
Marine mutual liability insurer The North of England P&I Association (North P&I Club) and fishing vessels insurer Sunderland Marine Mutual Insurance (SMMI), are in discussions to merge their operations. The combined company is expected to ...
Tags: Merger Talks, P&I Club