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
ACE Group, a multiline property and casualty insurer, has unveiled a new agriculture property and casualty insurance business, known as ACE Agribusiness, in a bid to further reinforce its presence in the sector. The newly established ...
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
Japan's property/casualty insurer SBI Insurance has deployed Guidewire Software's InsuranceSuite service for underwriting, policy administration, billing and claims management. The new solution will be implemented by SBI Insurance for its ...
Tags: SBI Insurance, property insurer, casualty insurer, InsuranceSuite service
RSA Canada, a commercial insurer, has agreed to purchase L'Union Canadienne from its parent company, Co-operators General Insurance Company (CGIC). According to the company, the cost of transaction is $150m and is subjected to regulatory ...
Tags: RSA Canada, commercial insurance, L'Union Canadienne, insurance
US-based property insurer Fidelity National Financial (FNF) has completed the merger of its 100%-owned subsidiary, O'Charley's with American Blue Ribbon Holdings, a FNF's previously 45% owned restaurant company. As part of the merger, the ...
Tags: Fidelity National Financial, insurer, insurerance, merger
CNA Canada, a property and casualty insurer, has announced availability of two national information sharing systems for its policyholders to help counter increasing instances of cargo and heavy equipment theft. Using CargoNet and the ...
Tags: property insurer, casualty insurer, instances of cargo