Publication: Insurance Business Review

First reported 23 hours ago - Updated 12 hours ago - 1 reports

Berkshire Hathaway moves into fiduciary liability insurance

Berkshire Hathaway Specialty Insurance (BHSI) is entering the fiduciary liability market and named Rhonda Prussack as Vice President, Fiduciary Liability, to lead the effort."Widely recognized as an expert in fiduciary liability insurance, Rhonda will ... [Published Insurance Business Review - 23 hours ago]
First reported 23 hours ago - Updated 22 hours ago - 1 reports

Towergate purchases Lovat and Watt in UK

Towergate has completed deals to acquire two insurance brokers, Lovat Insurance Brokers and Watt UK, as part of a strategy to strengthen its presence in the country.Under the terms of the transaction, the company will purchase Lovat Insurance Brokers ... [Published Insurance Business Review - 23 hours ago]
First reported 23 hours ago - Updated 23 hours ago - 1 reports

PURE Insurance opens underwriting office in New Jersey

Privilege Underwriters Reciprocal Exchange (PURE), the policyholder-owned property/casualty insurer that exclusively caters to high net worth individuals and families, has announced the opening of a new underwriting hub at 106 Allen Road in Basking Ridge, ... [Published Insurance Business Review - 23 hours ago]
First reported Jul 28 2014 - Updated Jul 28 2014 - 1 reports

SBI considering sale of shares in insurance units

State Bank of India (SBI) is reportedly planning sale of shares in its insurance business, as part of its plan to comply with strict capital requirements of Basel III regulation. State Bank of India chairman Arundhati Bhattacharya was quoted by Livemint ... [Published Insurance Business Review - Jul 28 2014]
First reported Jul 28 2014 - Updated Jul 28 2014 - 1 reports

Towergate Insurance selects Earnix to enhance customer analytics and pricing management

Towergate Insurance, the UK's largest independently owned insurance intermediary, has chosen the Earnix Insurance solution to enhance its customer analytics and pricing management capabilities.Towergate will implement Earnix Insurance gradually across ... [Published Insurance Business Review - Jul 28 2014]
Entities: Interaction
First reported Jul 28 2014 - Updated Jul 28 2014 - 1 reports

Collingwood may divest equity stake to PE firms

Collingwood, a UK-based learner-driver car insurance firm, is reportedly looking to divest certain equity stake to private equity (PE) firms.It is believed that the British motor insurance company has appointed accountants at Newcastle-based firm Tait ... [Published Insurance Business Review - Jul 28 2014]
First reported Jul 25 2014 - Updated Jul 25 2014 - 1 reports

The Barnstable selects SurePower Innovation Modern Enterprise Suite

The Barnstable County Mutual Insurance Company (The Barnstable), a Massachusetts-based insurance solution provider, recently selected ISCS's modular, configurable, modern enterprise suite, SurePower Innovation, as the foundation of a full suite legacy ... [Published Insurance Business Review - Jul 25 2014]
First reported Jul 25 2014 - Updated Jul 25 2014 - 1 reports

Genpact to leverage SAP Solution for insurance in cloud

Genpact has become one of the first SAP partners to optimize its business process outsourcing (BPO) solutions for the SAP Business All-in-One for Insurance solution using SAP HANA Cloud Platform.Leading indicators show that the insurance market is facing ... [Published Insurance Business Review - Jul 25 2014]
First reported Jul 25 2014 - Updated Jul 25 2014 - 1 reports

AJG finalizes three-year insurance deal with Parkinson's UK

US-based insurance brokerage and risk management firm Arthur J Gallagher & Co (AJG) has entered into a three-year deal with Parkinson's UK to offer bespoke travel, home and motor insurance scheme.Through its unique scheme designed for people with pre-existing ... [Published Insurance Business Review - Jul 25 2014]
First reported Jul 25 2014 - Updated Jul 25 2014 - 1 reports

UAE’s RAKBANK plans to purchase majority stake in RAK National Insurance

UAE-based National Bank of Ras Al Khaimah (RAKBank) is reportedly engaged in negotiations to purchase a majority stake in RAK National Insurance in the country.The proposed acquisition is part of the bank's strategy to diversify its revenues channels. ... [Published Insurance Business Review - Jul 25 2014]
First reported Jul 24 2014 - Updated Jul 25 2014 - 1 reports

India's Cabinet approves 49% FDI in insurance

The Indian Cabinet has approved increasing the foreign direct investment (FDI) in the insurance sector to 49% from the current level of 26%, meeting long pending demand of the industry to open up the sector to spur growth.Sources with knowledge of the ... [Published Insurance Business Review - Jul 24 2014]
First reported Jul 24 2014 - Updated Jul 24 2014 - 1 reports

Splashtop joins RSA Ready Technology Partner Program

Splashtop, a cross-device computing and collaboration, has joined the RSA Ready Technology Partner Program and has established interoperability between Splashtop Enterprise and RSA SecurID multi-factor authentication solution from RSA, The Security Division ... [Published Insurance Business Review - Jul 24 2014]

Quotes

...in New Jersey and the benefits it creates for PURE," said Keith Self, Executive Vice President and Eastern Zone Executive with the PURE Group. "It is an important part of maintaining an exceptional level of service and underwriting response while we grow, and its location helps PURE access a strong talent pool."
Towergate group chief executive Mark Hodges was quoted by Post as saying, "Acquiring and integrating businesses remains central to our growth strategy."
...backed by our substantial underwriting acumen and balance sheet," said Dan Fortin, Senior Vice President, Executive and Professional Lines, BHSI. "She is a stellar addition to our executive and professional lines team, and to the broader Berkshire Hathaway Specialty Insurance organization."
...to significantly increasing the level of automation within our core administration processes," said John L DeMello, president of The Barnstable. "More modern workflows and processing functionality will offer The Barnstable's agents a higher level of efficiency, productivity and communication, plus better customer service and strategic support for future business expansion and growth."

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PURE Insurance opens underwriting office in New... [Published Insurance Business Review - 23 hours ago]
Towergate purchases Lovat and Watt in UK [Published Insurance Business Review - 23 hours ago]
Berkshire Hathaway moves into fiduciary liabili... [Published Insurance Business Review - 23 hours ago]
Towergate Insurance selects Earnix to enhance c... [Published Insurance Business Review - Jul 28 2014]
SBI considering sale of shares in insurance units [Published Insurance Business Review - Jul 28 2014]
Collingwood may divest equity stake to PE firms [Published Insurance Business Review - Jul 28 2014]
The Barnstable selects SurePower Innovation Mod... [Published Insurance Business Review - Jul 25 2014]
AJG finalizes three-year insurance deal with Pa... [Published Insurance Business Review - Jul 25 2014]
Genpact to leverage SAP Solution for insurance ... [Published Insurance Business Review - Jul 25 2014]
UAE’s RAKBANK plans to purchase majority stake ... [Published Insurance Business Review - Jul 25 2014]
India's Cabinet approves 49% FDI in insurance [Published Insurance Business Review - Jul 24 2014]
Splashtop joins RSA Ready Technology Partner Pr... [Published Insurance Business Review - Jul 24 2014]
Turkey's Halkbank plans to offload insurance an... [Published Insurance Business Review - Jul 24 2014]
ACE reports Q2 net income of $779m [Published Insurance Business Review - Jul 23 2014]
Tough Mudder selects SIG for Insurance, loss co... [Published Insurance Business Review - Jul 23 2014]
Arthur J Gallagher to buy Baker Tilly's Employe... [Published Insurance Business Review - Jul 23 2014]
National Life implements insurance Technologies... [Published Insurance Business Review - Jul 22 2014]
Securities America to acquire assets of Sunset ... [Published Insurance Business Review - Jul 22 2014]
Symbility Health signs contract with assumption... [Published Insurance Business Review - Jul 22 2014]
IRDA may permit five-year policies to simplify ... [Published Insurance Business Review - Jul 22 2014]
Federated National and CA Bancorp to establish ... [Published Insurance Business Review - Jul 22 2014]
Applied Systems introduces Alliance Partner pro... [Published Insurance Business Review - Jul 21 2014]
Kenya insurance regulator grants life insurance... [Published Insurance Business Review - Jul 21 2014]
Great-West Life offers VRSPs for businesses in ... [Published Insurance Business Review - Jul 21 2014]
Nearly 70% of Canadians not sure about their li... [Published Insurance Business Review - Jul 18 2014]
Liberty Mutual Insurance signs reinsurance deal... [Published Insurance Business Review - Jul 18 2014]
Bajaj Finserv considers offloading stakes in li... [Published Insurance Business Review - Jul 17 2014]
Solera completes acquisition of United Kingdom ... [Published Insurance Business Review - Jul 17 2014]
Onex to acquire York Risk Services Group for $1... [Published Insurance Business Review - Jul 17 2014]
RSA and Allianz collaborate with Una Alliance o... [Published Insurance Business Review - Jul 16 2014]
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