http://www.insurance-business-review.com Latest news from Insurance Business Review en-us Copyright 2008, Datamonitor Fri, 16 May 2008 19:25:00 GMT http://www.insurance-business-review.com/article_news.asp?guid=D487667C-A387-4650-AD00-464EAD339B33 Max New York Life Insurance has launched its new and secure payment solution for its policyholders to make policy payments using their mobile phones. Citibank India and mCheck will power the new solution. Fri, 16 May 2008 19:25:00 GMT http://www.insurance-business-review.com/article_news.asp?guid=CDE8D832-E347-43A6-88A0-1D7D64C55D67 UnitedHealthcare has combined the third-party administration capabilities of its Fiserv Health, Midwest Security and United Medical Resources businesses to form a single national business unit, UMR, which will provide integrated health benefit management for self-funded, dental, vision, disability and medical plans. Fri, 16 May 2008 19:19:00 GMT http://www.insurance-business-review.com/article_news.asp?guid=17175A2F-273C-4CFE-BE8E-25709540465D Prudential Financial's group insurance business has opened its new office in Maine, US. Fri, 16 May 2008 13:12:00 GMT http://www.insurance-business-review.com/article_news.asp?guid=A73D17DC-1FCF-4C53-8477-0486A780252D Genworth Life and Annuity Insurance, a subsidiary of Genworth Financial, and AssetMark Investment Services have jointly launched their new group guaranteed income annuity product, LifeHarbor. Fri, 16 May 2008 13:09:00 GMT http://www.insurance-business-review.com/article_news.asp?guid=2011A13A-D317-4763-87B0-33920316AEBD Arch Capital has promoted Mark Lyons as the chairman and CEO of Arch Worldwide Insurance Group, effective July 2, 2008. Fri, 16 May 2008 12:44:00 GMT http://www.insurance-business-review.com/article_news.asp?guid=572C1217-BF02-4FCF-8331-E237B1BC3E37 Financial Industries Corporation, a company focused on life insurance business, has announced that its plan of merger with Americo Life has been approved by its shareholders. Fri, 16 May 2008 12:37:00 GMT http://www.insurance-business-review.com/article_news.asp?guid=F5FAED1A-9043-4D36-9952-FB45E57C4FFC National Health Partners has entered into an agreement with the Polish National Alliance, under which the PNA will be offering NHP's Carexpress health discount programs to its 65,000 households nationwide. Fri, 16 May 2008 12:30:00 GMT http://www.insurance-business-review.com/article_news.asp?guid=A1A3B9A2-76AD-4FAC-90B6-8D9EA39FAA0C Gainsco, a company engaged in the property and casualty insurance business, has reported a net income of $0.2 million for the first quarter of 2008, compared with a net loss of $2.6 million for the same quarter of 2007. Fri, 16 May 2008 12:22:00 GMT http://www.insurance-business-review.com/article_news.asp?guid=5A5BFB8D-DB6F-49AC-A5FD-0EC7E8F9FFB9 ACE USA, a provider of insurance products and services, has expanded its professional risk insurance product offerings to include a stand-alone, admitted policy to address the risk management needs of elected and appointed officials at various levels of government. Fri, 16 May 2008 11:39:00 GMT http://www.insurance-business-review.com/article_news.asp?guid=5BC3B549-38BB-430F-ABCA-14FF391E10EE LV=, a provider of insurance and financial services, has reported that 86% of claims were paid across its income protection and critical illness policies in 2007. Fri, 16 May 2008 10:26:00 GMT http://www.insurance-business-review.com/article_news.asp?guid=4BB74D23-B6CC-4862-BAC7-8BB8F134300F The Association of British Insurers has reported that significant steps are being taken by insurers to encourage consumers to check whether they can get a better deal on the open market, and to improve the overall customer experience of buying an annuity. Fri, 16 May 2008 08:02:00 GMT http://www.insurance-business-review.com/article_news.asp?guid=5C3BC5DC-F314-4205-AF7D-6DA72A8AC9F0 Allstate Insurance Company has announced that it will send refunds or credit the accounts of nearly 700,000 of its current and former Texas homeowner insurance customers. The insurer is also reducing rates for many of its Texas homeowner insurance customers by an average of 3% statewide. Fri, 16 May 2008 07:18:00 GMT http://www.insurance-business-review.com/article_news.asp?guid=7C65EB23-D807-48F8-8CD9-98B8E5960C99 Fortis has reported a net profit of E808 million for the first quarter of 2008, a decrease of 31% compared with a net profit of E1.17 billion for the same quarter of 2007. Thu, 15 May 2008 14:12:00 GMT http://www.insurance-business-review.com/article_news.asp?guid=053ACA12-6C8B-45FA-9B36-E05FFD45E7B8 Reinsurance services provider QBE the Americas has announced that Pete McPartland, COO of QBE Regional Insurance, has left the company to pursue other interests. Thu, 15 May 2008 13:55:00 GMT http://www.insurance-business-review.com/article_news.asp?guid=DBE03530-52AA-41E3-8F86-CECE88BECDB8 Zurich Financial Services has reported that its net income for the first quarter of 2008 increased 3% to $1.4 billion compared to the same period of 2007. Thu, 15 May 2008 13:45:00 GMT http://www.insurance-business-review.com/article_news.asp?guid=94EE9AD8-214E-47DB-B301-7915EF2253C7 Manulife Financial has introduced Plan Default Letter Service to make it easy for sponsors of group retirement savings plans to alert their members to make an active choice with their investments. Thu, 15 May 2008 13:39:00 GMT http://www.insurance-business-review.com/article_news.asp?guid=00D49FEE-CFF7-4D70-868B-D87607DD0CF1 Argo Group International Holdings, an underwriter of specialty insurance and reinsurance products, has completed the acquisition of Heritage Underwriting Agency. Thu, 15 May 2008 13:07:00 GMT http://www.insurance-business-review.com/article_news.asp?guid=A9CEFE2D-1406-4C6C-BE1F-FF76388837D8 ING Group has reported that its net profit for the first quarter of 2008 declined 15.2% to E1.59 billion compared to the same quarter of 2007. Thu, 15 May 2008 12:53:00 GMT http://www.insurance-business-review.com/article_news.asp?guid=54A99B8F-1F4C-45F9-A0E5-15072986BAAB The Hanover Insurance Group has introduced the Real Estate Advantage, a new insurance program that offers comprehensive specialty coverages to meet the needs of commercial real estate owners and managers. Thu, 15 May 2008 12:43:00 GMT http://www.insurance-business-review.com/article_news.asp?guid=F06357F5-2FD6-4AFB-93D0-120EA3A6FFAE Sovereign Risk Insurance has received approval in principle from the Dubai Financial Services Authority to establish a wholly owned subsidiary in Dubai. Thu, 15 May 2008 12:06:00 GMT