All articles by Verdict Staff
Verdict Staff
Align General Insurance appoints vice president of specialty commercial division
US-based Align General Insurance Agency, Inc. has appointed Bob Stone as vice president of its specialty commercial division.
John Hancock Insurance launches Protection Indexed UL product
John Hancock Life Insurance Company, a US-based unit of Canadian insurer Manulife Financial, has launched Protection Indexed UL (IUL), which is designed to provide some of the affordable indexed universal life premiums in the industry.
AIG launches new CorporateGuard D&O policy
American International Group, Inc. (AIG) has launched its new CorporateGuard D&O policy which responds to shifts in current risks to directors and officers, as well as evolving corporate governance demands.
Xchanging launches new mobile application
Xchanging plc, a UK-based business process and technology service provider, has launched a new mobile application, called X-presso, which will allow claims handlers and insurers to view and use claims files on the move using their iPads.
Western Financial acquires Melfort Agencies in Saskatchewan
Western Financial Group, a Canada-based insurance and financial services company, has acquired Melfort Agencies Ltd. and added it to its family of insurance brokerages in Saskatchewan, effective 1 February 2013.
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WellPoint appoints new CEO
WellPoint, Inc., a US-based health insurer, has appointed Joseph Swedish as its new CEO, effective 25 March 2013.
Marsh & McLennan Q4 net income increases
Marsh & McLennan Companies, Inc., a US-based insurance broker, has reported a net income of $259m, or $0.47 per dilute share, for the fourth quarter of 2012, compared to $256m, or $0.46 per dilute share, for the year ago quarter.
Willis Group reports loss for Q4
Willis Group Holdings, a UK-based insurance broker, has reported a net loss from continuing operations of $804m, or $4.65 per diluted share, for the fourth quarter of 2012, compared with reported net income of $24m, or $0.14 per diluted share, in the same period a year ago.
HCC Insurance net income rises in Q4
HCC Insurance Holdings, Inc., a US-based insurance group, has reported net earnings of $108.1m, or $1.06 per diluted share, for the fourth quarter of 2012, compared to $78.3m, or $0.74 per diluted share, for the fourth quarter of 2011.
Encompass Insurance appoints vice president of sales
Encompass Insurance Company, a subsidiary of The Allstate Corporation, has appointed Daniel Maloney as vice president of sales.