Publication: Insurance Business Review

First reported 9 hours ago - Updated 9 hours ago - 1 reports

Siam plans to sell 25% stake in SCB Life Assurance

Thailand-based Siam Commercial Bank is reportedly in discussions with potential buyers to sell around 25% stake in its life insurance business, SCB Life Assurance. ... [Published Insurance Business Review - 9 hours ago]
First reported Sep 01 2014 - Updated 12 hours ago - 1 reports

India’s GIC Re plans to expand operations

India-based re-insurer GIC Re is reportedly planning to expand its operations overseas, in order to boost its presence worldwide.The Insurance Amendment Bill, which is pending parliamentary approval, is expected to build competition for domestic players ... [Published Insurance Business Review - Sep 01 2014]
First reported 15 hours ago - Updated 15 hours ago - 1 reports

ZBFH to invest in Mozambican reinsurance market

Zimbabwe-based insurance services provider ZB Financial Holdings (ZBFH) is set to invest around $10m in the reinsurance market of Mozambique.The company intends to expand the operations in the country through its subsidiary ZB Reinsurance.ZBFH Group CEO ... [Published Insurance Business Review - 15 hours ago]
First reported Sep 01 2014 - Updated Sep 01 2014 - 1 reports

JLT to expand US operations and merge JLT Specialty and Lloyd & Partners

UK-based insurance and reinsurance business Jardine Lloyd Thompson (JLT) Group has announced plans to expand its US specialty capabilities, as well as merger of JLT Specialty and Lloyd & Partners.The company plans to invest around £50m between 2015 and ... [Published Insurance Business Review - Sep 01 2014]
First reported Sep 01 2014 - Updated Sep 01 2014 - 1 reports

NORCAL begins offering medical professional liability insurance coverage in Delaware, Pennsylvania

NORCAL Mutual Insurance Company is now offering medical professional liability insurance coverage to healthcare professionals in Delaware and Pennsylvania.The company enters each of these states offering a new enhanced policy with additional coverage ... [Published Insurance Business Review - Sep 01 2014]
First reported Sep 01 2014 - Updated Sep 01 2014 - 1 reports

Australian Government intends to proceed with sale of Medibank

Australia’s largest health insurer Medibank has welcomed the Australian Government’s announcement that it intends to proceed with the sale of Medibank through an initial public offering of shares (IPO) by December.Medibank Chairman, Ms Elizabeth Alexander ... [Published Insurance Business Review - Sep 01 2014]
First reported Aug 29 2014 - Updated Aug 29 2014 - 1 reports

Willis to acquire IFG’s Irish pension and financial advisory businesses

Willis Ireland is set to acquire Irish pension and financial advisory businesses from IFG Group, for an undisclosed amount.As part of the deal, Willis will acquire pensions consultancy and administration business IFG, as well as financial advisory companies ... [Published Insurance Business Review - Aug 29 2014]
First reported Aug 29 2014 - Updated Aug 29 2014 - 1 reports

State Farm innovates pocket agent app

State Farm has just made submitting an auto claim via a mobile device even easier. New object recognition technology in their Pocket Agent app will simplify the claims process.This new technology reduces the need for typing by using the mobile camera ... [Published Insurance Business Review - Aug 29 2014]
First reported Aug 29 2014 - Updated Aug 29 2014 - 1 reports

Sun Life Financial launches new data analytics decision-support tool

Sun Life Financial has introduced a new data analytics decision-support tool, Benefit Profile, designed to provide demographic benefits analysis customized to each workplace.Benefit Profile has been developed to help brokers and employers design and deliver ... [Published Insurance Business Review - Aug 29 2014]
First reported Aug 29 2014 - Updated Aug 29 2014 - 1 reports

Aon Active Health exchange expands coverage options to include wide range of elective benefits in 2015

To meet increasing employer demand to have additional benefits delivered via an exchange platform, Aon Hewitt, the global talent, retirement and health solutions business of Aon plc (AON) today announced it is expanding the coverage options offered under ... [Published Insurance Business Review - Aug 29 2014]
First reported Aug 29 2014 - Updated Aug 29 2014 - 1 reports

Stay Water-worthy with GetMyBoat boat rental insurance

GetMyBoat, the world’s leading peer-to-peer and charter marketplace, has launched a first-of-its-kind, global boat rental insurance product. With coverage that is offered to boaters who book through or use any service or platform, GetMyBoat is proud to ... [Published Insurance Business Review - Aug 29 2014]
First reported Aug 28 2014 - Updated Aug 28 2014 - 1 reports

HDFC Ergo receives contract to provide insurance cover for RuPay cardholders

General insurance company HDFC Ergo has received a contract from the Reserve Bank of India-promoted National Payments Corporation of India (NPCI) to provide insurance cover to all RuPay cardholders. ... [Published Insurance Business Review - Aug 28 2014]

Quotes

ZBFH Group CEO Ronald Mutandagayi was quoted by ventures-africa.com as saying: "We are entering into Mozambique because the market is growing in terms of foreign direct investment (FDI) and there are opportunities in the Mozambique reinsurance business."
"We have acquired Saxum Re, a South African firm, early this year and we are working on to acquire one from Llyods in London" Roy added
...ngstanding relationships that have been cultivated over the years," said Ron Rumin, senior vice president of business development for NORCAL Mutual. "We believe we have crafted a policy that meets the changing needs of today's medical practices. With enhancements to the information and network security, and administrative defense coverages, coupled with the benefits of being a member of a mutual company, our policyholders can rest assured they're well covered."
Medibank Chairman, Ms Elizabeth Alexander AM said, "Medibank welcomes this announcement to proceed with the preliminary step that will lead to our historic debut onto the ASX."

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Siam plans to sell 25% stake in SCB Life Assurance [Published Insurance Business Review - 9 hours ago]
ZBFH to invest in Mozambican reinsurance market [Published Insurance Business Review - 15 hours ago]
India’s GIC Re plans to expand operations [Published Insurance Business Review - Sep 01 2014]
NORCAL begins offering medical professional lia... [Published Insurance Business Review - Sep 01 2014]
Australian Government intends to proceed with s... [Published Insurance Business Review - Sep 01 2014]
JLT to expand US operations and merge JLT Speci... [Published Insurance Business Review - Sep 01 2014]
Sun Life Financial launches new data analytics ... [Published Insurance Business Review - Aug 29 2014]
Aon Active Health exchange expands coverage opt... [Published Insurance Business Review - Aug 29 2014]
Willis to acquire IFG’s Irish pension and finan... [Published Insurance Business Review - Aug 29 2014]
Stay Water-worthy with GetMyBoat boat rental in... [Published Insurance Business Review - Aug 29 2014]
State Farm innovates pocket agent app [Published Insurance Business Review - Aug 29 2014]
Aflac Japan introducing exclusive cancer insura... [Published Insurance Business Review - Aug 28 2014]
HDFC Ergo receives contract to provide insuranc... [Published Insurance Business Review - Aug 28 2014]
China plans to allow more private investment in... [Published Insurance Business Review - Aug 28 2014]
Munich Re collaborates with Steadfast to acquir... [Published Insurance Business Review - Aug 27 2014]
North American Title Insurance selects RedVision [Published Insurance Business Review - Aug 27 2014]
Enstar to acquire Companion Property and Casual... [Published Insurance Business Review - Aug 27 2014]
Choice Builder ancillary benefits exchange expa... [Published Insurance Business Review - Aug 26 2014]
SCM Insurance Services acquires Granite Global’... [Published Insurance Business Review - Aug 26 2014]
Palomar Specialty Insurance expands into new st... [Published Insurance Business Review - Aug 25 2014]
Apollo plans to acquire Portuguese insurer Tran... [Published Insurance Business Review - Aug 25 2014]
NFP acquires insurance consulting and brokerage... [Published Insurance Business Review - Aug 25 2014]
Society Insurance deploys Cover-All Policy for ... [Published Insurance Business Review - Aug 22 2014]
ACE Life, AEON to provide insurance products th... [Published Insurance Business Review - Aug 22 2014]
The terrorism reinsurance market [Published Insurance Business Review - Aug 22 2014]
Allied World to acquire RSA’s Hong Kong and Sin... [Published Insurance Business Review - Aug 22 2014]
USI to acquire Willis’ retail insurance brokera... [Published Insurance Business Review - Aug 21 2014]
ACE launches suite of professional indemnity in... [Published Insurance Business Review - Aug 21 2014]
Voya Financial offers Critical Illness Insuranc... [Published Insurance Business Review - Aug 21 2014]
China pilots new catastrophe insurance system [Published Insurance Business Review - Aug 21 2014]
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