Cigna today announced it has completed its acquisition of HealthSpring, expanding Cigna’s presence in the Seniors and Medicare segments.
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Karen Clark& Company, independent experts in catastrophe risk, catastrophe models and catastrophe risk management, today announced the introduction of Characteristic Events, a new tool to assist insurance companies in assessing and managing catastrophe risk.
A state board on Monday approved the credits for Allstate Insurance Co., which plans to retain 1,200 jobs in Hudson; Schneller LLC, which expects to add 50 employees in Kent; and Newell Rubbermaid Inc., which plans to keep more than 700 jobs at its Gilchrist Road plant in Mogadore.
Notable amongst these were a global European bank which now has an inventory of over 20 million spreadsheets, a $28 b top UK life insurer with nearly $550 b in assets, one of the world’s largest investment firms with over $1.2 trillion dollars in assets, a $25 billion North American bank, and a $15 b investment firm.
Archer Daniels Midland Company today reported financial results for the quarter ended Dec. 31, 2011.
Pegasystems issued the following news release:. Pegasystems Inc., the leader in Business Process Management and software for customer centricity, today announced that Prudential Group Insurance Inc., one of its clients, has been named a 2012 Model Insurer by Celent for success and innovations in customer service, powered by Pega technology.
Casenet, LLC, a provider of innovative health management software products, announced that it will deliver its TruCare 4.6 product suite, including Case Management, Disease Management, and Utilization Management, to QualCare, Inc., New Jersey’s largest provider-owned managed care company. “We are proud to add QualCare, Inc. to our world-class list of customers.
This Form 8- K is being filed in connection with a memorandum of understanding regarding the settlement of certain litigation relating to, among other things, the Agreement and Plan of Merger, dated as of November 20, 2011, by and among Transatlantic Holdings, Inc., a Delaware corporation, Alleghany Corporation, a Delaware corporation, and Shoreline Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Alleghany, providing for the merger of Transatlantic with and into Merger Sub.
This Form 8- K is being filed in connection with a memorandum of understanding regarding the settlement of certain litigation relating to, among other things, the Agreement and Plan of Merger, dated as of November 20, 2011, by and among Alleghany Corporation, a Delaware corporation, Shoreline Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Alleghany and Transatlantic Holdings, Inc., a Delaware corporation providing for the merger of Transatlantic with and into Merger Sub.
Skybox Security, the leader in proactive security management solutions, today announced Skybox Network Assurance 6.0, a powerful solution for continuous monitoring of network infrastructures.
The international law firm of Edwards Wildman Palmer LLP is pleased to announce that Barry Leigh Weissman has joined the firm as a partner in its Insurance and Reinsurance Department. “Barry is an outstanding addition to our growing insurance and reinsurance team,” said Alan Levin, the co-head of Edwards Wildman’s Insurance and Reinsurance Department. “
Toronto- based Fairfax Financial Holdings Ltd. said its decision to acquire about 25% of Bangkok- based reinsurer Thai Re reflects a long-standing Fairfax strategy of growth— and an opportunity created by last year’s floods in Thailand.
It comes with an initial rate of LIBOR plus 275 basis points and can range from LIBOR plus 200 to LIBOR plus 300 basis points, based on the company’ s leverage ratio.
GENERAL MOTORS FINANCIAL COMPANY, INC. has chosen DataScan Technologies LLC– a leader in wholesale finance accounting and risk management systems– as its systems provider for GM Financial’ s Commercial Lending Services business.
Fitch Ratings has affirmed Principal Financial Group, Inc.’ s long-term Issuer Default Rating at’ A’, and the Insurer Financial Strength ratings of PFG’s operating subsidiaries at’ AA-‘.
A.M. Best Co. has placed under review with negative implications the financial strength rating of B++ and issuer credit rating of“ bbb” of Young America Insurance Company.
Carnival Corp.& plc, the parent company of the Costa Concordia, said it carries $510 million in insurance on the ship and more than 30 insurers are likely to carry a piece of the property loss, said David French, president of Starr Marine…
But now the Los Angeles- based carrier is making some noise, said the company’s new president and chief executive officer, Jeff Dailey.
MetLife, Inc. is hoping to expand its life insurance business in Eastern Europe by acquiring businesses in the Czech Republic, Hungary and Romania, the company in a statement. “MetLife is intent on investing and growing in high-potential markets,” Michel Khalaf, MetLife’s president for the Europe, Middle East and Africa region, said in a statement. “
