Old Mutual : partners with CoverGo to drive digital insurance transformation across Africa (NaN)

Press Release Old Mutual partners with CoverGo to drive digital insurance transformation across Africa Tomas Holub, Founder & CEO, CoverGo, Vuyo Mpako, Managing Director of NEXT176, Old Mutual Limited NEW YORK and CAPE TOWN, January 23, 2023 – Old Mutual,one of the largest pan-African financial services groups, and CoverGo, the leading global … Read more

The Hanover Expands Casualty Offerings, Announces Specialty General Liability Solution

WORCESTER, Mass., Jan. 24, 2023 /PRNewswire/ — The Hanover Insurance Group, Inc. (NYSE: THG) today announced the launch of a specialty general liability offering. With the new offering, the company’s agents and brokers can provide an admitted general liability and excess coverage solution for hard-to-place risks, including manufacturing, distribution, wholesale and import businesses with higher hazard product … Read more

EXL Named a Leader in ISG Provider Lens™ Insurance Services Report

EXL [NASDAQ: EXLS] today announces that it has been named a Leader in Property and Casualty Insurance BPO Services and a Contender in the UK Life and Insurance BPO Services and Insurance ITO Services categories in the Information Services Group (ISG) Provider Lens™ Insurance Services 2022 Report on European insurers. Published by ISG, the leading … Read more

Everest Re : Insurance® International Division Appoints Timothy Powell Head of Financial Lines

WARREN, New Jersey – January 24, 2023 – Everest Insurance®, the primary insurance division of Everest Re Group, Ltd. (NYSE: RE), today announced that Timothy Powell has joined the Company as Head of Financial Lines. Based in London, Timothy will report to Adam Clifford, co-lead of Everest Insurance International®. He succeeds Christian Colombera who will … Read more

Selective Insurance Group, Inc. Announces Preliminary Fourth Quarter 2022 Results, Including Catastrophe Loss Estimates

BRANCHVILLE, N.J., Jan. 23, 2023 /PRNewswire/ — Selective Insurance Group, Inc. (Nasdaq: SIGI) today announced preliminary fourth quarter 2022 results and pre-tax net catastrophe loss estimates. Selective expects to report fourth quarter diluted earnings per share of $1.38 and non-GAAP operating earnings per share of $1.461, with the difference principally reflecting after-tax net realized and … Read more

FirstVet Partners with Fletch to Enable a Pet Insurance Marketplace

NEW YORK, Jan. 23, 2023 /PRNewswire/ — FirstVet, a leading provider in on-demand video consultations for pet parents, is partnering with Fletch to embed a pet insurance marketplace for its US users. Users will now be able to access several pet insurance options within FirstVet’s televet platform, allowing them to decide which provider works best … Read more

Fitch Downgrades Co-operative Insurance’s National IFS to ‘BBB(lka)’; Maintains Watch Negative

Fitch Ratings has downgraded Co-operative Insurance Company PLC’s (CICPL) National Insurer Financial Strength (IFS) Rating to ‘BBB(lka)’ from ‘A-(lka)’ and maintained the Rating Watch Negative (RWN) following the recent sovereign downgrade and recalibration of the agency’s Sri Lankan national rating scale. The recalibration is to reflect changes in the relative creditworthiness among Sri Lankan issuers … Read more

Financial regulator takes aim at life insurance costs

FRANKFURT (dpa-AFX) – Financial regulator Bafin wants to put a stop to excessive costs in life insurance. “High costs do not always mean an appropriately increased return,” said Germany’s top insurance supervisor Frank Grund. “We have sufficient examples that there is no clear link between high costs and high returns.” The return on the classic … Read more

Mercury Insurance and Anaheim Ducks Celebrate ‘Community Champions’

Developing relationships and serving Southern Californians has helped build one of the Golden State’s biggest insurance carriers LOS ANGELES, Jan. 19, 2023 /PRNewswire/ — Mercury Insurance (NYSE: MCY) is continuing its 60-year celebration of service to Southern California communities with its 2022-23 sponsorship of the Anaheim Ducks. This marks the eighth consecutive year the two have … Read more

Mercury Insurance to Celebrate ‘Community Hero’ at LA Kings Home Games

Developing relationships and serving our communities has helped to become a mainstay in the Golden State LOS ANGELES, Jan. 19, 2023 /PRNewswire/ — Mercury Insurance (NYSE: MCY) is continuing its 60 years celebration of service to Southern California communities by returning to the hockey rink with its 2022-23 Los Angeles Kings partnership. This marks the … Read more