Today's Newshttp://www.insurance-business-review.com/en-us2009-07-01T00:00:00.0+05:302009-07-01T00:00:00.0+05:30Copyright 2009, Datamonitorhttp://www.insurance-business-review.com/news/islamic_arab_insurance_dubai_bank_form_strategic_alliance_090701Salama to provide Dubai Bank customers with Sharia-compliant unit-linked funds2009-07-01T00:00:00.0+05:30http://www.insurance-business-review.com/news/islamic_arab_insurance_dubai_bank_form_strategic_alliance_090701http://www.insurance-business-review.com/news/islamic_arab_insurance_dubai_bank_form_strategic_alliance_090701Salama to provide Dubai Bank customers with Sharia-compliant unit-linked funds2009-07-01T00:00:00.0+05:30http://www.insurance-business-review.com/news/islamic_arab_insurance_dubai_bank_form_strategic_alliance_090701http://www.insurance-business-review.com/news/firstassist_insurance_forays_into_ifa_market_090701FirstAssist would offer PTFS' members with a chain of ASU cover, including cover for new, re-mortgage and existing mortgages2009-07-01T00:00:00.0+05:30http://www.insurance-business-review.com/news/firstassist_insurance_forays_into_ifa_market_090701http://www.insurance-business-review.com/news/pension_may_acquire_paternoster_for_£200m_090701Pension Corporation is an insurance company which checks pension risks from the trustees and sponsors of defined benefit pension funds2009-07-01T00:00:00.0+05:30http://www.insurance-business-review.com/news/pension_may_acquire_paternoster_for_£200m_090701http://company.insurance-business-review.com/news/nationalenederlanden_rvs_ing_verzekeren_to_merge_090701ING expects the program to lead to a reduction of the workforce by approximately 800 positions2009-07-01T00:00:00.0+05:30http://company.insurance-business-review.com/news/nationalenederlanden_rvs_ing_verzekeren_to_merge_090701http://www.insurance-business-review.com/news/nationalenederlanden_rvs_ing_verzekeren_to_merge_090701ING expects the program to lead to a reduction of the workforce by approximately 800 positions2009-07-01T00:00:00.0+05:30http://www.insurance-business-review.com/news/nationalenederlanden_rvs_ing_verzekeren_to_merge_090701http://www.insurance-business-review.com/news/allied_world_launches_real_estate_suite_090630Covers up to $25 million on an admitted or non-admitted basis2009-06-30T00:00:00.0+05:30http://www.insurance-business-review.com/news/allied_world_launches_real_estate_suite_090630http://www.insurance-business-review.com/news/max_india_to_raise_inr4000m_090630Max India requires fund to expand the group’s insurance company, Max New York Life Insurance2009-06-30T00:00:00.0+05:30http://www.insurance-business-review.com/news/max_india_to_raise_inr4000m_090630http://www.insurance-business-review.com/news/dha_introduces_enaya_for_government_employees_in_dubai_090630Employees with pre-existing medical conditions are not to get left out2009-06-30T00:00:00.0+05:30http://www.insurance-business-review.com/news/dha_introduces_enaya_for_government_employees_in_dubai_090630http://www.insurance-business-review.com/news/everest_re_establishes_european_headquarters_ercireland_090629ERC-Ireland, Everest Underwriting Group form a hub for Everest’s Continental European operations2009-06-29T00:00:00.0+05:30http://www.insurance-business-review.com/news/everest_re_establishes_european_headquarters_ercireland_090629http://www.insurance-business-review.com/news/energi_to_form_energi_excess_casualty_090629Energy companies to obtain capacity of up to $100 million from multiple insurance companies2009-06-29T00:00:00.0+05:30http://www.insurance-business-review.com/news/energi_to_form_energi_excess_casualty_090629http://www.insurance-business-review.com/news/slic_to_secure_seylan_bank_090629SLIC is expected to take up the bulk of risk capital in bailing out Seylan Bank2009-06-29T00:00:00.0+05:30http://www.insurance-business-review.com/news/slic_to_secure_seylan_bank_090629http://www.insurance-business-review.com/news/manulife_to_provide_credit_card_insurance_090629Manulife would cover the outstanding balance of an enrolled Standard Chartered credit card member, in case of death or total disability2009-06-29T00:00:00.0+05:30http://www.insurance-business-review.com/news/manulife_to_provide_credit_card_insurance_090629http://www.insurance-business-review.com/news/oracle_launches_insurance_insight_60_090629Adds dashboard and reporting capabilities2009-06-29T00:00:00.0+05:30http://www.insurance-business-review.com/news/oracle_launches_insurance_insight_60_090629http://www.insurance-business-review.com/news/sapiens_to_implement_reinsurance_administration_system_090629Sapiens INSIGHT would be implemented to manage the reinsurance business portfolio across the group2009-06-29T00:00:00.0+05:30http://www.insurance-business-review.com/news/sapiens_to_implement_reinsurance_administration_system_090629http://www.insurance-business-review.com/news/ipc_shareholders_supports_validus_acquisition_call_090629Validus has extended its exchange offer for all of the outstanding common shares of IPC to July 6, 20092009-06-29T00:00:00.0+05:30http://www.insurance-business-review.com/news/ipc_shareholders_supports_validus_acquisition_call_090629http://www.insurance-business-review.com/news/towers_perrin_watson_wyatt_to_form_towers_watson_090628TW is expected to benefit from the scale of the combined companies and anticipates approximately $80 million in pretax annual synergies2009-06-28T00:00:00.0+05:30http://www.insurance-business-review.com/news/towers_perrin_watson_wyatt_to_form_towers_watson_090628http://www.insurance-business-review.com/news/oceanic_aero_ink_pact_on_travellers_insurance_090626To cater to the requirements of passengers in Nigeria and Ghana2009-06-26T00:00:00.0+05:30http://www.insurance-business-review.com/news/oceanic_aero_ink_pact_on_travellers_insurance_090626http://www.insurance-business-review.com/news/mississippi_partners_unitedhealthcare_for_chip_090626UnitedHealthcare would provide health plan for approximately 65,000 children, through Children’ Health Insurance Program2009-06-26T00:00:00.0+05:30http://www.insurance-business-review.com/news/mississippi_partners_unitedhealthcare_for_chip_090626http://www.insurance-business-review.com/news/lincoln_financial_wins_patent_infringement_suit_against_transamerica_090625Lincoln's 201 patent was not invalid, and that Transamerica infringed and damages to the tune of $13.1 million be paid for patent infringement2009-06-25T00:00:00.0+05:30http://www.insurance-business-review.com/news/lincoln_financial_wins_patent_infringement_suit_against_transamerica_090625http://www.insurance-business-review.com/news/tesco_fortis_to_ink_insurance_partnership_090625The new partnership is expected to create more than 1,500 jobs in the UK2009-06-25T00:00:00.0+05:30http://www.insurance-business-review.com/news/tesco_fortis_to_ink_insurance_partnership_090625http://www.insurance-business-review.com/news/chubb_custom_partners_metro_insurance_to_offer_new_insurance_090625For apartments and condominiums throughout the adjoining United States2009-06-25T00:00:00.0+05:30http://www.insurance-business-review.com/news/chubb_custom_partners_metro_insurance_to_offer_new_insurance_090625http://www.insurance-business-review.com/news/salisbury_underwriting_unveils_salary_gap_insurance_090625Expected to bridge the difference in income for up to two years, for involuntarily dismissed workers re-employed at lesser paying jobs2009-06-25T00:00:00.0+05:30http://www.insurance-business-review.com/news/salisbury_underwriting_unveils_salary_gap_insurance_090625http://www.insurance-business-review.com/news/ace_recreational_heritage_marine_form_strategic_alliance_090625To provide marine insurance coverage for classic boats throughout the US2009-06-25T00:00:00.0+05:30http://www.insurance-business-review.com/news/ace_recreational_heritage_marine_form_strategic_alliance_090625http://www.insurance-business-review.com/news/hig_acquires_federal_trust_090625Appointed Jeff Lange as regional Vice President of the Hartford's Chicago branch2009-06-25T00:00:00.0+05:30http://www.insurance-business-review.com/news/hig_acquires_federal_trust_090625http://www.insurance-business-review.com/news/aig_signs_agreement_with_frbny_090625FRBNY would receive preferred interests in the ALICO SPV of $9 billion2009-06-25T00:00:00.0+05:30http://www.insurance-business-review.com/news/aig_signs_agreement_with_frbny_090625http://www.insurance-business-review.com/news/unirisx_llc_acquires_saas_insurance_service_provider_unirisx_090623To build on UniRisX’s customer base, to expand local support, and to open new offices in North America, Asia and the Middle East2009-06-23T00:00:00.0+05:30http://www.insurance-business-review.com/news/unirisx_llc_acquires_saas_insurance_service_provider_unirisx_090623http://www.insurance-business-review.com/news/securian_joins_afib_as_affiliate_member_090623Providers must apply for affiliate membership in the AFIB, and be accepted by a majority vote of the broker membership2009-06-23T00:00:00.0+05:30http://www.insurance-business-review.com/news/securian_joins_afib_as_affiliate_member_090623http://www.insurance-business-review.com/news/cognizant_launches_web_portal_for_national_health_insurance_daman_090624Set of web-based health insurance applications launched as part of the first phase2009-06-24T00:00:00.0+05:30http://www.insurance-business-review.com/news/cognizant_launches_web_portal_for_national_health_insurance_daman_090624http://www.insurance-business-review.com/news/allied_world_enhances_professional_liability_products_090623Enhanced and re-named its product Alternative Risk Transfer Structures as Private Risk-Transfer Organisations2009-06-23T00:00:00.0+05:30http://www.insurance-business-review.com/news/allied_world_enhances_professional_liability_products_090623http://www.insurance-business-review.com/news/lockton_launches_aftertheevent_insurance_in_singapore_090624ATE provides cover for the costs incurred in the pursuit or defence of litigation2009-06-24T00:00:00.0+05:30http://www.insurance-business-review.com/news/lockton_launches_aftertheevent_insurance_in_singapore_090624http://www.insurance-business-review.com/news/icici_prudential_snaps_ties_with_ttk_healthcare_090623The insurer has set up its own team of doctors and legal experts to handle the process2009-06-23T00:00:00.0+05:30http://www.insurance-business-review.com/news/icici_prudential_snaps_ties_with_ttk_healthcare_090623http://www.insurance-business-review.com/news/aegon_acquires_bt_aegon_signs_new_distribution_deal_with_bt_090623Banca Transilvania’ stake was originally publicised in January of this year2009-06-23T00:00:00.0+05:30http://www.insurance-business-review.com/news/aegon_acquires_bt_aegon_signs_new_distribution_deal_with_bt_090623http://www.insurance-business-review.com/news/irda_plans_mandatory_life_nonlife_merger_090623The plan is expected to identify premium for each risk and allow life insurance companies to underwrite only life risk, while health insurance providers to underwrite only health portion2009-06-23T00:00:00.0+05:30http://www.insurance-business-review.com/news/irda_plans_mandatory_life_nonlife_merger_090623http://www.insurance-business-review.com/news/gtcr_agrees_to_invest_200m_in_ironshore_090623The investment by GTCR is expected to facilitate Ironshore’ growth strategy2009-06-23T00:00:00.0+05:30http://www.insurance-business-review.com/news/gtcr_agrees_to_invest_200m_in_ironshore_090623http://www.insurance-business-review.com/news/tower_to_acquire_sua_in_107m_transaction_090622SUA shareholders would receive 0.28 shares of Tower for each share of SUA2009-06-22T00:00:00.0+05:30http://www.insurance-business-review.com/news/tower_to_acquire_sua_in_107m_transaction_090622http://www.insurance-business-review.com/news/aiu_gmed_launches_new_coverage_suit_for_yachts_090622Suit includes AD&D benefit covering all owners, captain, crew, and guests2009-06-22T00:00:00.0+05:30http://www.insurance-business-review.com/news/aiu_gmed_launches_new_coverage_suit_for_yachts_090622http://www.insurance-business-review.com/news/activa_purchases_global_alliance_insurance_090622Fresh capital has been injected into it to meet the challenges in the industry2009-06-22T00:00:00.0+05:30http://www.insurance-business-review.com/news/activa_purchases_global_alliance_insurance_090622http://www.insurance-business-review.com/news/humana_cuna_forms_strategic_alliance_to_provide_hmp_090622The alliance would provide Humana’ medicare products (HMP), to be offered by CUNA Mutual’s call center and field-based agents, to millions of credit union members2009-06-22T00:00:00.0+05:30http://www.insurance-business-review.com/news/humana_cuna_forms_strategic_alliance_to_provide_hmp_090622http://reinsurance.insurance-business-review.com/news/renaissancere_launches_new_brand_identity_190609The entities, formerly within the Glencoe Group, will now operate under the brand “RenRe”2009-06-20T01:25:15.554-04:00http://reinsurance.insurance-business-review.com/news/renaissancere_launches_new_brand_identity_190609http://technology.insurance-business-review.com/news/ibm_signed_97_million_agreement_with_ace_190609IBM would convert ACE' data center environment for effective service2009-06-20T00:23:03.861-04:00http://technology.insurance-business-review.com/news/ibm_signed_97_million_agreement_with_ace_190609http://www.insurance-business-review.com/news/ambac_postpones_launch_of_everspan_190609The company held discussions with third parties to raise capital for Everspan2009-06-20T01:33:55.506-04:00http://www.insurance-business-review.com/news/ambac_postpones_launch_of_everspan_190609http://www.insurance-business-review.com/news/uks_prudential_sells_its_taiwanese_agency_to_china_life_insurance_190609To release reserves tied up in the business and boost capital surplus2009-06-20T01:43:11.582-04:00http://www.insurance-business-review.com/news/uks_prudential_sells_its_taiwanese_agency_to_china_life_insurance_190609http://www.insurance-business-review.com/news/irish_health_insurance_receives_tax_relief_from_eu_090618The scheme includes private medical insurance, which is acted upon according to special regulation in Ireland, and introduces tax relief for individuals.2009-06-18T16:16:06.941+02:30http://www.insurance-business-review.com/news/irish_health_insurance_receives_tax_relief_from_eu_090618http://www.insurance-business-review.com/news/aig_selects_deutsche_morgan_stanley_to_handle_aia_asia_ipo_090618The insurer shelved talks with potential corporate buyers of AIA in March, as bids were too low. The sale of AIA is expected to raise around $8 billion.2009-06-18T16:16:06.941+02:30http://www.insurance-business-review.com/news/aig_selects_deutsche_morgan_stanley_to_handle_aia_asia_ipo_090618http://www.insurance-business-review.com/news/momentous_insurance_partners_fireman_fund_090618Momentous Insurance has collaborated with Fireman' Fund and Burbank Fire Department to help protect residents of Southern California from wildfires.2009-06-18T16:16:06.941+02:30http://www.insurance-business-review.com/news/momentous_insurance_partners_fireman_fund_090618http://www.insurance-business-review.com/news/irish_life__permanent_appoints_new_ceo_090618Denis Casey resigned from the helm of Irish Life & Permanent in February, after a deposit scandal involving the bancassurer.2009-06-18T16:16:06.941+02:30http://www.insurance-business-review.com/news/irish_life__permanent_appoints_new_ceo_090618http://www.insurance-business-review.com/news/arm_partners_onebeacon_insurance_for_arm_benefits_090617ARM' newest value-added service is a national contract with OneBeacon Insurance' flexible Small Business products2009-06-17T16:16:06.941+02:30http://www.insurance-business-review.com/news/arm_partners_onebeacon_insurance_for_arm_benefits_090617http://www.insurance-business-review.com/news/max_india_to_sell_23_stake_in_insurance_unit_to_new_york_life_090617New York Life owns 26% of the Max India unit - Max New York Life Insurance, whereas Max India holds the remaining stakes.2009-06-17T16:16:06.941+02:30http://www.insurance-business-review.com/news/max_india_to_sell_23_stake_in_insurance_unit_to_new_york_life_090617http://www.insurance-business-review.com/news/reis_group_acquires_majority_interest_in_riverfront_insurance_090616Riverfront is a property/casualty insurance company, with annual premium volume of about $5 million.2009-06-16T16:16:06.941+02:30http://www.insurance-business-review.com/news/reis_group_acquires_majority_interest_in_riverfront_insurance_090616http://www.insurance-business-review.com/news/aquiline_acquires_conning__company_090616Conning has approximately $70 billion of general account assets under management, and $100 billion of total assets under contract2009-06-16T16:16:06.941+02:30http://www.insurance-business-review.com/news/aquiline_acquires_conning__company_090616http://www.insurance-business-review.com/news/hsbc_indian_insurance_jv_partners_plan_to_enhance_capital_090616To expand capital by INR2 billion ($42 million) this year to meet growing business needs2009-06-16T16:16:06.941+02:30http://www.insurance-business-review.com/news/hsbc_indian_insurance_jv_partners_plan_to_enhance_capital_090616http://www.insurance-business-review.com/news/harrp_to_provide_safetelement_to_reduce_insurance_losses_090616HARRP has applied for a $750,000 Federal Emergency Management (FEMA) Fire Prevention and Safety Grant through the Department of Homeland Security (DHS), to further support this program.2009-06-16T16:16:06.941+02:30http://www.insurance-business-review.com/news/harrp_to_provide_safetelement_to_reduce_insurance_losses_090616http://www.insurance-business-review.com/news/jlj_insurance_to_offer_health_insurance_for_involuntarily_terminated_individuals_090616The current high rate of unemployment during the economic recession has caused many individuals to become uninsured or underinsured, for which JLJ is providing affordable healthcare plans.2009-06-16T16:16:06.941+02:30http://www.insurance-business-review.com/news/jlj_insurance_to_offer_health_insurance_for_involuntarily_terminated_individuals_090616http://www.insurance-business-review.com/news/world_bank_naic_to_introduce_index_crop_insurance_policy_090616World Bank and NAIC collaborate to introduce Index Crop Insurance Policy to enhance food productivity in Nigeria.2009-06-16T16:16:06.941+02:30http://www.insurance-business-review.com/news/world_bank_naic_to_introduce_index_crop_insurance_policy_090616http://www.insurance-business-review.com/news/bocom_to_acquire_china_lifecmg_090615China Life-CMG Life Assurance is a Sino-foreign joint venture between Commonwealth Bank of Australia and China Life Insurance, with China Life taking a 51% stake.2009-06-15T16:16:06.941+02:30http://www.insurance-business-review.com/news/bocom_to_acquire_china_lifecmg_090615http://company.insurance-business-review.com/news/vietcombank_cardif_and_seabank_launches_vcli_150609VCLI insurance joint venture company is 45% owned by Vietcombank, 43% by Cardif, and 12% by SeAbank2009-06-15T06:40:17.532-04:00http://company.insurance-business-review.com/news/vietcombank_cardif_and_seabank_launches_vcli_150609http://www.insurance-business-review.com/news/celtic_insurance_implements_online_health_insurance_technology_090615eApproval technology allows customers to apply for health insurance online2009-06-15T16:16:06.941+02:30http://www.insurance-business-review.com/news/celtic_insurance_implements_online_health_insurance_technology_090615http://www.insurance-business-review.com/news/meyer_chatfield_inks_partnership_with_michael_white_associates_for_boli_holidings_report_090615The report measures the Cash Surrender Value (CSV) of bank-owned life insurance2009-06-15T16:16:06.941+02:30http://www.insurance-business-review.com/news/meyer_chatfield_inks_partnership_with_michael_white_associates_for_boli_holidings_report_090615http://www.insurance-business-review.com/news/lincoln_to_sell_uk_unit_to_sun_life_financial_090615It would sell its UK subsidiary to Sun Life Financial of Canada for $319 million.2009-06-15T16:16:06.941+02:30http://www.insurance-business-review.com/news/lincoln_to_sell_uk_unit_to_sun_life_financial_090615http://www.insurance-business-review.com/news/sua_extends_partner_agent_program_agreements_150609Five-year extensions ensure each exclusive partner agent' continuation for various programs2009-06-15T03:11:12.254-04:00http://www.insurance-business-review.com/news/sua_extends_partner_agent_program_agreements_150609http://www.insurance-business-review.com/news/eaig_ap_insurance_jv_achieves_objective_150609Eastern Alliance Insurance Group (EAIG), in partnership with AP Insurance, had introduced ParallelPay system in April 2009.2009-06-15T03:01:55.065-04:00http://www.insurance-business-review.com/news/eaig_ap_insurance_jv_achieves_objective_150609http://www.insurance-business-review.com/news/ornthc_forms_joint_underwriting_venture_with_attorneys_title_insurance_fund_150609Old Republic International (ORI) has revealed that its title insurance subsidiary, Old Republic National Title Holding Company (ORNTHC), has collaborated with Attorneys' Title Insurance Fund (Fund) to form a joint underwriting venture. The venture is titled Attorneys' Title Fund Services (ATFS). 2009-06-15T03:28:17.669-04:00http://www.insurance-business-review.com/news/ornthc_forms_joint_underwriting_venture_with_attorneys_title_insurance_fund_150609http://www.insurance-business-review.com/news/metlife_expands_joint_venture_with_axa_090611Expansion will help US-based MNCs manage their employee benefits programs worldwide2009-06-11T16:16:06.941+02:30http://www.insurance-business-review.com/news/metlife_expands_joint_venture_with_axa_090611http://www.insurance-business-review.com/news/vietcombank_cardif_seabank_form_insurance_jv_in_vietnam_090611The new entity,VCLI, will market savings and protection products in Vietnam through bancassurance channel.2009-06-11T16:16:06.941+02:30http://www.insurance-business-review.com/news/vietcombank_cardif_seabank_form_insurance_jv_in_vietnam_090611http://www.insurance-business-review.com/news/jordan_ahli_bank_inks_agreement_with_general_arabia_insurance_090611To launch new banking insurance services through which Jordan will market the insurance products of the company.2009-06-11T16:16:06.941+02:30http://www.insurance-business-review.com/news/jordan_ahli_bank_inks_agreement_with_general_arabia_insurance_090611http://www.insurance-business-review.com/news/harleysville_insurance_launches_othersfirst_protection_package_090611Package is primarily designed for elders, disabled and the under-privileged.2009-06-11T16:16:06.941+02:30http://www.insurance-business-review.com/news/harleysville_insurance_launches_othersfirst_protection_package_090611http://www.insurance-business-review.com/news/main_street_america_introduces_bop_main_street_station_for_commercial_lines_090611To launch Main Street Station for Commercial Lines quoting and policy issuance system through its independent agent-customers in Massachusetts, Connecticut and North Carolina.2009-06-11T16:16:06.941+02:30http://www.insurance-business-review.com/news/main_street_america_introduces_bop_main_street_station_for_commercial_lines_090611http://www.insurance-business-review.com/news/aiu_divests_stake_in_transatlantic_for_500m_090610AIU Holdings divests a part of its investment in Transatlantic Holdings for about $500 million in cash. The transaction is in relation to the closing of the secondary offering of TRH shares.2009-06-10T16:16:06.941+02:30http://www.insurance-business-review.com/news/aiu_divests_stake_in_transatlantic_for_500m_090610http://www.insurance-business-review.com/news/dexia_assured_guaranty_to_acquire_financial_security_assurance_090610The deal is likely to complete on July 1, 2009.2009-06-10T16:16:06.941+02:30http://www.insurance-business-review.com/news/dexia_assured_guaranty_to_acquire_financial_security_assurance_090610http://www.insurance-business-review.com/news/helvetia_to_acquire_swiss_life_subsidiary_in_france_090610CEAT, subsidiary of Swiss Life, specialises in accidental damage insurance for commercial vehicles.2009-06-10T16:16:06.941+02:30http://www.insurance-business-review.com/news/helvetia_to_acquire_swiss_life_subsidiary_in_france_090610http://www.insurance-business-review.com/news/favorable_verdict_for_graham_in_copyright_infringement_case_090609Litigation against insurance broker USI and Thomas Haughey2009-06-09T16:16:06.941+02:30http://www.insurance-business-review.com/news/favorable_verdict_for_graham_in_copyright_infringement_case_090609http://www.insurance-business-review.com/news/keystone_insurers_buys_stake_in_east_coast_risk_management_090609Keystone Insurers purchases equity stake in East Coast Risk Management, a provider of risk management services. The transaction provides KIG-franchised locations with an expanded portfolio of services.2009-06-09T16:16:06.941+02:30http://www.insurance-business-review.com/news/keystone_insurers_buys_stake_in_east_coast_risk_management_090609http://www.insurance-business-review.com/news/hsbc_gets_approval_for_insurance_jv_in_china_090609HSBC Insurance to form a 50:50 insurance joint venture with National Trust2009-06-09T16:16:06.941+02:30http://www.insurance-business-review.com/news/hsbc_gets_approval_for_insurance_jv_in_china_090609http://www.insurance-business-review.com/news/pension_insurance_to_insure_warwick_international_pension_scheme_090609To insure pension scheme valued at approximately GBP57 million2009-06-09T16:16:06.941+02:30http://www.insurance-business-review.com/news/pension_insurance_to_insure_warwick_international_pension_scheme_090609http://www.insurance-business-review.com/news/groupama_seguros_partners_radware_090609Partnership to deploy Radware' APSolute suite to enhance application delivery and protect against emerging threats2009-06-09T16:16:06.941+02:30http://www.insurance-business-review.com/news/groupama_seguros_partners_radware_090609http://www.insurance-business-review.com/news/sanlam_plans_to_increase_stake_in_shriram_insurance_090609The company intends to increase its stake to 45% in Shriram Insurance2009-06-09T16:16:06.941+02:30http://www.insurance-business-review.com/news/sanlam_plans_to_increase_stake_in_shriram_insurance_090609http://www.insurance-business-review.com/news/nbis_partners_tower_group_for_new_specialty_insurance_program_090608NBIS, in collaboration with Tower Group, launches a new heavy construction and transport insurance program.2009-06-08T16:16:06.941+02:30http://www.insurance-business-review.com/news/nbis_partners_tower_group_for_new_specialty_insurance_program_090608http://www.insurance-business-review.com/news/fortis_and_fccl_fight_over_3625m_settlement_090609Fortis Holding (Fortis) has announced that the company faces a legal claim for €362.5 million from Fortis Capital (FCCL), a former unit of Fortis now owned by the Dutch state.2009-06-09T00:57:47.142-04:00http://www.insurance-business-review.com/news/fortis_and_fccl_fight_over_3625m_settlement_090609http://www.insurance-business-review.com/news/ehealth_inks_partnership_with_medhelp_090609eHealth, an online health insurance company, has signed a marketing and distribution partnership agreement with MedHelp, an online health community site.2009-06-09T01:39:23.586-04:00http://www.insurance-business-review.com/news/ehealth_inks_partnership_with_medhelp_090609http://insurer.insurance-business-review.com/news/great_american_insurance_acquires_auscos_business_unit_090609The Executive Liability Division of Great American Insurance Group has acquired the Non Profit and Employment Practices Liability book of business from Ausco, a division of Financial & Professional Risk Solutions.2009-06-09T01:23:15.987-04:00http://insurer.insurance-business-review.com/news/great_american_insurance_acquires_auscos_business_unit_090609http://www.insurance-business-review.com/news/cnc_resource_signs_pact_with_audatex_north_america_to_manage_catastrophic_claims_services_090609Audatex North America has penned a multi-year agreement with cnc reSOURCE, a claims adjusting company that provides services to catastrophic auto and property insurers. 2009-06-09T01:42:34.294-04:00http://www.insurance-business-review.com/news/cnc_resource_signs_pact_with_audatex_north_america_to_manage_catastrophic_claims_services_090609http://www.insurance-business-review.com/news/safeauto_insurance_partners_thunderhead_now_090609Thunderhead has announced that SafeAuto Insurance has selected the Thunderhead NOW platform, in order to refine the mode of creation and customer communications deliverables across the enterprise. 2009-06-09T01:35:06.223-04:00http://www.insurance-business-review.com/news/safeauto_insurance_partners_thunderhead_now_090609http://insurer.insurance-business-review.com/news/promutual_to_takeover_fincor_and_its_subsidiaries_080609Medical Professional Mutual Insurance Company (ProMutual) has entered into a definitive agreement with FinCor Holdings (FinCor), a medical liability insurer and integrated risk management firm. As per the deal, ProMutual will acquire FinCor and its subsidiaries. The acquisition is expected to complete by third quarter of 2009.2009-06-08T00:16:05-04:00http://insurer.insurance-business-review.com/news/promutual_to_takeover_fincor_and_its_subsidiaries_080609http://broker.insurance-business-review.com/news/renaissancere_to_acquire_spectrum_syndicate_080609RenaissanceRe Holdings has entered into an agreement to takeover Spectrum Syndicate Management (Spectrum), a Lloyd’s Managing Agent and a subsidiary of Spectrum Partners. The deal is subject to approval by Lloyd’s and the Financial Services Authority.2009-06-08T00:53:02.426-04:00http://broker.insurance-business-review.com/news/renaissancere_to_acquire_spectrum_syndicate_080609http://www.insurance-business-review.com/news/aix_partners_wells_fargo_to_offer_ski_program_080609AIX Group, a specialty insurance carrier owned by the Hanover Insurance, has announced a new program in collaboration with Wells Fargo Special Risks, offering a comprehensive insurance solution for ski resorts nationwide.2009-06-08T00:47:40.651-04:00http://www.insurance-business-review.com/news/aix_partners_wells_fargo_to_offer_ski_program_080609http://insurer.insurance-business-review.com/news/axa_signs_5_year_deal_with_ryanair_080609AXA Travel Insurance, part of the AXA Assistance Group, has signed a five year contract with Ryanair, a European low-cost airline. As per the terms of the deal, AXA will offer single-trip, multi-trip and annual travel insurance for Ryanair’s passengers.2009-06-08T00:30:30.577-04:00http://insurer.insurance-business-review.com/news/axa_signs_5_year_deal_with_ryanair_080609http://www.insurance-business-review.com/news/american_community_marks_entry_in_to_south_carolina_market_080609American Community Mutual Insurance has marked its entry into the South Carolina market with the launch of Community Flex, a health insurance product for families and individuals.2009-06-08T00:44:10.187-04:00http://www.insurance-business-review.com/news/american_community_marks_entry_in_to_south_carolina_market_080609http://www.insurance-business-review.com/news/aspen_inks_partnership_with_cartesian_iris_050609Aspen Insurance Holdings has entered into a partnership with Cartesian Iris, a specialised investment fund focusing on insurance linked securities (ILS) and reinsurance, globally. The move marks Aspen’s entry in managed fund market for ILS. 2009-06-05T00:37:59.642-04:00http://www.insurance-business-review.com/news/aspen_inks_partnership_with_cartesian_iris_050609http://commerciallines.insurance-business-review.com/news/aon_replaces_aig_in_manchester_united_sponsorship_deal_050609Replacing the current sponsor AIG, Manchester United has announced a global partnership and sponsorship agreement with Aon Corporation, an insurance and reinsurance broker.2009-06-05T00:15:30.355-04:00http://commerciallines.insurance-business-review.com/news/aon_replaces_aig_in_manchester_united_sponsorship_deal_050609http://www.insurance-business-review.com/news/icici_prudential_unveils_new_ulip_050609ICICI Prudential Life Insurance has introduced SecureSave, a new unit linked insurance plan (ULIP) that helps customers enjoy dual benefits. The product focuses on growth as well as security of investor’s savings.2009-06-05T00:11:11.923-04:00http://www.insurance-business-review.com/news/icici_prudential_unveils_new_ulip_050609http://www.insurance-business-review.com/news/irm_introduces_new_commercial_auto_insurance_program_050609Innovative Risk Management (IRM) has launched a new commercial auto insurance program for the trucking and commercial auto industry.2009-06-05T00:21:53.77-04:00http://www.insurance-business-review.com/news/irm_introduces_new_commercial_auto_insurance_program_050609http://www.insurance-business-review.com/news/aviva_starts_reattribution_process_of_12b_inherited_estate_050609Aviva UK has invited policyholders of CULAC and CGNU Life funds to vote in the reattribution of £1.2 billion inherited estate. 2009-06-05T00:18:19.352-04:00http://www.insurance-business-review.com/news/aviva_starts_reattribution_process_of_12b_inherited_estate_050609http://www.insurance-business-review.com/news/cartesian_forms_iris_reinsurance_050609Cartesian Capital Group, a New York-based private equity firm, has announced the establishment of an authorized Class-3 reinsurance company in Bermuda. The new company, Iris Reinsurance (IrisRe) is formed in association with Schuyler Havens and Chase Toogood.2009-06-05T00:07:45.646-04:00http://www.insurance-business-review.com/news/cartesian_forms_iris_reinsurance_050609http://www.insurance-business-review.com/news/amlin_to_takeover_fortis_for_350m_040609Amlin has signed €350 million agreement to acquire Fortis, a provider of corporate property and casualty insurance, from the State of the Netherlands. The acquisition is subject to shareholders’ approval.2009-06-04T00:38:40.079-04:00http://www.insurance-business-review.com/news/amlin_to_takeover_fortis_for_350m_040609http://www.insurance-business-review.com/news/aegon_exits_from_group_risk_market_in_uk_040609Aegon, a life insurance, pension and investment company, has announced the withdrawal from the Group Risk market in the UK. The move is a part of the company’s ongoing portfolio review, and is likely to boost its future earnings and value of new business.2009-06-04T00:43:39.948-04:00http://www.insurance-business-review.com/news/aegon_exits_from_group_risk_market_in_uk_040609http://www.insurance-business-review.com/news/metlife_introduces_online_open_enrollment_portal_040609MetLife has unveiled online open enrollment portal to help companies increase the return on investment (ROI) of their employee benefits. 2009-06-04T01:13:33.539-04:00http://www.insurance-business-review.com/news/metlife_introduces_online_open_enrollment_portal_040609http://www.insurance-business-review.com/news/temasek_pacific_century_eye_aigs_asset_management_unit_040609Singapore-based Temasek Holdings and Pacific Century Group are likely to back Franklin Templeton Investments and Crestview Partners in the acquisition of AIG’s asset-management business.2009-06-04T00:56:15.637-04:00http://www.insurance-business-review.com/news/temasek_pacific_century_eye_aigs_asset_management_unit_040609http://www.insurance-business-review.com/news/travelers_launches_global_coverage_for_commercial_accounts_040609The Travelers Companies (Travelers) has introduced International Coverage Extensions (ICE) for Travelers mid-sized business customers and Commercial Accounts.2009-06-04T01:21:27.217-04:00http://www.insurance-business-review.com/news/travelers_launches_global_coverage_for_commercial_accounts_040609http://www.insurance-business-review.com/news/aig_to_divest_consumer_finance_operations_in_argentina_030609American International Group (AIG) has signed an agreement to completely sell its stake in consumer finance operations in Argentina. The operations comprising Compañía Financiera Argentina S.A. (CFA), Cobranzas y Servicios S.A. and AIG Universal Processing Center S.A., will be sold to Banco de Galicia y Buenos Aires S.A. and an investment group arranged by Grupo Pegasus.2009-06-03T00:16:01.164-04:00http://www.insurance-business-review.com/news/aig_to_divest_consumer_finance_operations_in_argentina_030609http://www.insurance-business-review.com/news/swiss_re_pens_deal_with_religare_for_indian_venture_030609India-based Religare Enterprises has signed an agreement with Swiss Re, a reinsurance company, to establish a joint venture with an initial investment of up to INR500 crore ($104.92 million). The new JV will operate as a health insurance company in India and is likely to come into existence by 2010.2009-06-03T00:06:35.126-04:00http://www.insurance-business-review.com/news/swiss_re_pens_deal_with_religare_for_indian_venture_030609http://www.insurance-business-review.com/news/csc_renews_contract_with_amp_030609CSC has announced the renewal of contract with AMP Limited, an Australian wealth management company. As per the terms of the contract, CSC will continue to offer AMP with outsourced managed infrastructure services for network, mainframe, desktop, midrange and service desk, as well as information & system security. The six-year contract is worth $99.5 million.2009-06-03T00:09:05.749-04:00http://www.insurance-business-review.com/news/csc_renews_contract_with_amp_030609http://www.insurance-business-review.com/news/hdfc_standard_life_rolls_out_new_ulip_030609HDFC Standard Life Insurance Company has rolled out the “HDFC Unit Linked Wealth Multiplier insurance plan”, a new unit linked insurance plan (ULIP). The product targets high net worth individuals (HNIs).2009-06-03T00:11:26.45-04:00http://www.insurance-business-review.com/news/hdfc_standard_life_rolls_out_new_ulip_030609http://www.insurance-business-review.com/news/chinese_banks_to_buy_stake_in_insurance_companies_030609Two Chinese banks received approval form the Chinese banking regulator to acquire stake in insurance companies. Bank of Communications will acquire 51% stake in China Life-CMG Insurance from China Life Insurance Co., and Bank of Beijing will purchase undisclosed amount of stake in ING Capital Life Insurance Co.2009-06-03T00:13:58.229-04:00http://www.insurance-business-review.com/news/chinese_banks_to_buy_stake_in_insurance_companies_030609http://www.insurance-business-review.com/news/nordic_run_off_to_acquire_copenhagen_020609Nordic Run-Off Limited has signed a definitive agreement to takeover Copenhagen Reinsurance Company Ltd., from Alm. Brand Forsikring A/S. Nordic Run-Of will pay about $28 million in cash for the transaction that is likely to complete in the third quarter of 2009. Copenhagen was placed into run-off in 2001.2009-06-01T22:52:38.192-04:00http://www.insurance-business-review.com/news/nordic_run_off_to_acquire_copenhagen_020609http://www.insurance-business-review.com/news/genworth_to_launch_ipo_for_its_canadian_mortgage_insurance_operations_020609Genworth Financial has filed a preliminary prospectus with Canadian securities administrators for an initial public offering (IPO) of minority stake in Genworth’s Canadian mortgage insurance operations. The offering is likely to complete in the third quarter of 2009, subject to customary regulatory reviews and market conditions. 2009-06-01T22:48:11.406-04:00http://www.insurance-business-review.com/news/genworth_to_launch_ipo_for_its_canadian_mortgage_insurance_operations_020609http://www.insurance-business-review.com/news/prudential_commences_125b_common_stock_offering_020609Prudential Financial, Inc. (Prudential) has announced a public offering of $1.25 billion of its Common Stock. The underwriters are provided with a 30-day option to buy up to an additional 15% of the offered amount of Common Stock from Prudential.2009-06-01T22:50:17.531-04:00http://www.insurance-business-review.com/news/prudential_commences_125b_common_stock_offering_020609http://www.insurance-business-review.com/news/cninsure_to_takeover_shenzhen_hongzhengda_020609CNinsure Inc. has inked a definitive agreement to takeover 100% equity interest in Shenzhen Hongzhengda Insurance Surveyors & Loss Adjustors Co., through Fanhua Surveyors & Loss Adjustors Co. The deal is likely to complete by the end of June 2009, subject to certain authorizations, consents and other customary closing conditions.2009-06-01T22:54:43.337-04:00http://www.insurance-business-review.com/news/cninsure_to_takeover_shenzhen_hongzhengda_020609http://www.insurance-business-review.com/news/life_partners_witnesses_strong_financials_020609Life Partners Holdings, parent company of Life Partners, Inc., has posted a strong growth in net earnings and revenues for the fiscal year ended February 28, 2009. The company posted net earnings of $27.2 million, up by 46%, as compared to $18.8 million in the fiscal year 2008. 2009-06-01T23:14:41.371-04:00http://www.insurance-business-review.com/news/life_partners_witnesses_strong_financials_020609http://www.insurance-business-review.com/news/capita_inks_523m_contract_with_axa_sun_life_010609Capita Group Plc has signed a 15-year deal with Axa Sun Life to offer outsourcing services for Axa Sun Life’s 3.2 million mature life and pension policies. The £523 million deal will be affective from June 1, 2009.2009-06-01T00:56:56.494-04:00http://www.insurance-business-review.com/news/capita_inks_523m_contract_with_axa_sun_life_010609http://www.insurance-business-review.com/news/aig_sells_real_estate_asset_to_nippon_for_12b_010609In accordance with its ongoing restructuring process globally, American International Group, Inc. (AIG) has completed the sale of prime real estate holding in the Otemachi District of Tokyo to Nippon Life Insurance Company. Nippon paid about $1.2 billion in cash for the entire building and the land on which it is located. 2009-06-01T00:27:13.899-04:00http://www.insurance-business-review.com/news/aig_sells_real_estate_asset_to_nippon_for_12b_010609http://www.insurance-business-review.com/news/uni_ter_siaa_team_up_to_market_liability_insurance_010609Uni-Ter Underwriting Management Corporation has entered into a partnership with the Strategic Independent Agents Alliance (SIAA) to market liability insurance through SIAA-affiliated agents in the US. The partnership will provide SIAA agents access to healthcare liability products offered by Risk Retention Groups that Uni-Ter manages. 2009-06-01T00:02:07.801-04:00http://www.insurance-business-review.com/news/uni_ter_siaa_team_up_to_market_liability_insurance_010609http://www.insurance-business-review.com/news/aegon_mongeral_form_jv_010609Aegon, in a Joint-venture agreement, has acquired 50% stake in Mongeral S.A. Seguros e Previdencia, a Brazilian life insurer. The joint venture is likely to bolster Aegon’s presence in Latin America.2009-05-31T23:59:44.725-04:00http://www.insurance-business-review.com/news/aegon_mongeral_form_jv_010609http://www.insurance-business-review.com/news/bidders_vie_for_avivas_australian_arm_290509In an effort to bolster its capital position, Insurance giant Aviva is going to sell its £490 million Australian life assurance business.2009-05-29T00:18:26.154-04:00http://www.insurance-business-review.com/news/bidders_vie_for_avivas_australian_arm_290509http://www.insurance-business-review.com/news/swiss_re_religare_to_form_joint_venture_290509Swiss Re, a reinsurance company, is in talks with India-based Religare Enterprises to establish a joint-venture with an initial investment of up to INR 500 crore ($104.9 million). The new joint venture will operate as a health insurance company in India.2009-05-29T00:07:56.775-04:00http://www.insurance-business-review.com/news/swiss_re_religare_to_form_joint_venture_290509http://www.insurance-business-review.com/news/china_life_subscribes_8804m_subordinated_bonds_of_abc_290509China Life Insurance (Group) Company has bought CNY 6 billion ($880.39 million) out of CNY 50 billion ($7.33 billion) subordinated bonds issued by Agricultural Bank of China (ABC) under a deal inked by both the parties to extend cooperation.2009-05-29T00:11:57.802-04:00http://www.insurance-business-review.com/news/china_life_subscribes_8804m_subordinated_bonds_of_abc_290509http://www.insurance-business-review.com/news/asset_one_insurance_starts_renewable_energy_division_290509Asset One Insurance has initiated SolarInsure, a new division to provide insurance solutions to renewable energy companies. The move came in the light of accelerating developments of sustainable energy products and technologies.2009-05-29T00:14:39.971-04:00http://www.insurance-business-review.com/news/asset_one_insurance_starts_renewable_energy_division_290509http://riskmanagement.insurance-business-review.com/news/zurich_enters_risk_retention_group_and_self_insurance_group_markets_190509Zurich, a property and casualty insurance provider in North America, has announced its entry into the risk retention group and self insurance group markets.2009-05-19T07:16:12.239-04:00http://riskmanagement.insurance-business-review.com/news/zurich_enters_risk_retention_group_and_self_insurance_group_markets_190509http://insurer.insurance-business-review.com/news/aegon_reports_loss_in_q1_190509Dutch life insurance and pensions company Aegon has reported a net loss attributable to the company of E173m, or diluted loss per share of E0.15, for the first quarter of 2009, compared to net income attributable to the company of E153m, or diluted earnings per share of E0.07, for the first quarter of 2008.2009-05-19T08:18:41.752-04:00http://insurer.insurance-business-review.com/news/aegon_reports_loss_in_q1_190509http://outsourcing.insurance-business-review.com/news/georgia_department_of_insurance_expands_relationship_with_sircon_150509Sircon's technology to manage and administer insurance regulations relating to enforcement case actions, complaints, company licensing, and producer data2009-05-15T01:04:43.118-04:00http://outsourcing.insurance-business-review.com/news/georgia_department_of_insurance_expands_relationship_with_sircon_150509http://underwriting.insurance-business-review.com/news/amica_mutual_insurance_selects_guidewire_140509PolicyCenter streamlines processes of new business submission, change endorsement, and renewal management2009-05-14T06:32:31.741-04:00http://underwriting.insurance-business-review.com/news/amica_mutual_insurance_selects_guidewire_140509http://riskmanagement.insurance-business-review.com/news/affirmative_insurance_q1_net_income_up_130509Total gross premiums written in Q1 of 2009 decreased $7m to $112.2m compared with Q1 of 2008 2009-05-13T06:34:06.936-04:00http://riskmanagement.insurance-business-review.com/news/affirmative_insurance_q1_net_income_up_130509http://riskmanagement.insurance-business-review.com/news/national_western_life_insurance_q1_earnings_up_130509Company did experience a 56% increase in annuity sales2009-05-13T07:10:56.254-04:00http://riskmanagement.insurance-business-review.com/news/national_western_life_insurance_q1_earnings_up_130509http://underwriting.insurance-business-review.com/news/safety_national_opens_regional_underwriting_office_in_new_york_130509Company plans more offices in major cities2009-05-13T06:08:05.601-04:00http://underwriting.insurance-business-review.com/news/safety_national_opens_regional_underwriting_office_in_new_york_130509http://underwriting.insurance-business-review.com/news/crm_holdings_reports_q1_net_loss_110509An increase in the allowance for uncollectible premiums of $0.9m2009-05-11T11:24:24.424-04:00http://underwriting.insurance-business-review.com/news/crm_holdings_reports_q1_net_loss_110509http://riskmanagement.insurance-business-review.com/news/employers_holdings_q1_earnings_down_110509Portfolio fair market value increased 2% from December 31, 2008 to $2.1 billion at March 31, 20092009-05-11T09:01:29.487-04:00http://riskmanagement.insurance-business-review.com/news/employers_holdings_q1_earnings_down_110509http://riskmanagement.insurance-business-review.com/news/endurance_specialty_q1_net_income_up_110509Company recorded net investment income growth 37.7%2009-05-11T08:08:07.069-04:00http://riskmanagement.insurance-business-review.com/news/endurance_specialty_q1_net_income_up_110509http://riskmanagement.insurance-business-review.com/news/fpic_insurance_q1_earnings_decrease_110509Net investment income in Q1 of 2009 decreased to $7.22m from $7.75m, compared to the same time a year ago2009-05-11T06:00:54.562-04:00http://riskmanagement.insurance-business-review.com/news/fpic_insurance_q1_earnings_decrease_110509http://riskmanagement.insurance-business-review.com/news/ing_life_relaunches_corporate_vul_product_080509Focus on early surrender value 2009-05-08T06:46:35.803-04:00http://riskmanagement.insurance-business-review.com/news/ing_life_relaunches_corporate_vul_product_080509http://riskmanagement.insurance-business-review.com/news/co_operators_general_insurance_q1_net_loss_080509First quarter loss ratio was down on auto, commercial and farm product lines2009-05-08T06:11:34.482-04:00http://riskmanagement.insurance-business-review.com/news/co_operators_general_insurance_q1_net_loss_080509http://riskmanagement.insurance-business-review.com/news/john_hancock_introduces_new_life_insurance_product_070509Policy offers enhanced fixed account crediting rate2009-05-07T07:16:13.047-04:00http://riskmanagement.insurance-business-review.com/news/john_hancock_introduces_new_life_insurance_product_070509http://riskmanagement.insurance-business-review.com/news/hcc_insurance_q1_earnings_increase_070509Company witnessed a 3.4% increase in net earnings in Q1 of 20092009-05-07T06:52:04.078-04:00http://riskmanagement.insurance-business-review.com/news/hcc_insurance_q1_earnings_increase_070509http://riskmanagement.insurance-business-review.com/news/ace_private_risk_services_expands_insurance_program_to_texas_060509Company to utilize its global network to serve customers around the world, after domestic expansion2009-05-06T06:57:48.928-04:00http://riskmanagement.insurance-business-review.com/news/ace_private_risk_services_expands_insurance_program_to_texas_060509http://underwriting.insurance-business-review.com/news/meadowbrook_insurance_q1_earnings_up_060509Gross written premium up by 76.8% 2009-05-06T07:48:10.628-04:00http://underwriting.insurance-business-review.com/news/meadowbrook_insurance_q1_earnings_up_060509http://riskmanagement.insurance-business-review.com/news/proassurance_q1_net_income_down_060509Net investment income for Q1 of 2009 decreased to $34.57m from $41.06m for the comparable period of 20082009-05-06T07:18:32.997-04:00http://riskmanagement.insurance-business-review.com/news/proassurance_q1_net_income_down_060509