American International Group, Inc. (AIG) today released a preliminary pre-tax insurance loss estimate for Chartis, its property casualty insurance unit, of $1.0 billion, or $0.9 billion after tax – 1.1 percent of total AIG shareholders’ equity as of December 31, 2010 – net of all reinsurance recoverables for the first quarter of 2011, related to [...]
XL Insurance and Jorgensen & Company Announce Agreement to Provide Accountants’ Professional Liability Insurance
XL Insurance, the global insurance operations of XL Group plc (NYSE:XL – News), and Jorgensen & Company, a specialist professional liability managing general underwriter, today announced a joint underwriting agreement to provide Accountants’ and Consultants’ Professional Liability Insurance ["APL"].
According to Don Allard, Chief Underwriting Officer of XL Insurance’s Select Professional group, “XL Insurance works with [...]
XL Insurance, XL Capital Ltd’s global insurance operations, announced a new agreement with National Indemnity Company (”National Indemnity”), an insurance company subsidiary of Berkshire Hathaway Inc. Under this agreement, and its related reinsurance agreement, National Indemnity will issue endorsements to “Side A” Directors & Officers policies.
“Given today’s business climate, we believe that this enhanced ‘Side [...]
2009 IASA Educational Conference & Business Show –
* Oracle Insurance today introduced Oracle® Revenue Management and Billing for Insurance, providing insurers the robust billing capabilities necessary to deliver streamlined, convenient billing, payment and collections processes, and improve service to customers and distribution channels.
* Oracle’s new solution [...]
Missouri Employers Mutual Insurance (MEM), Missouri’s largest workers’ compensation insurer, and Guidewire Software®, a leading global provider of solutions to property/casualty insurers, today announced that MEM has fully deployed Guidewire ClaimCenter® as its new claims management system. ClaimCenter is now in use by MEM’s 95-person claims handling team and has fully replaced the company’s internally [...]
XL Insurance’s Environmental Division Launches Commercial Business Unit to Provide Pollution Insurance to Small and Mid-Size Businesses
XL Insurance, the global insurance operations of XL Capital Ltd announced that its Environmental division has launched a new commercial business unit dedicated to providing pollution coverages to small and mid-size businesses.
The new Environmental Commercial Business Unit is dedicated to handling pollution insurance requests for small to mid-size businesses, particularly in the construction and [...]
Guidewire Software®, a leading global provider of solutions to property/casualty (general) insurers, announced that Zurich Insurance Company (Zurich Japan), the third largest foreign general insurer in Japan, has selected Guidewire ClaimCenter® as its new end-to-end claims management solution. ClaimCenter is currently being implemented to process Zurich Japan’s auto claims, with plans to extend it [...]
Eight major reinsurance companies and five leading law firms, plus reinsurance intermediaries, forensic accounting firms, mediators and others will join at the Westin Grand here on March 2-3 to deliver papers and presentations at the “Reinsurance Claims & Arbitration Conference.”
The event is being produced by HB Litigation Conferences LLC, formerly Mealey’s Conferences.
The faculty has been [...]
XL Insurance Unveils Pollution Insurance for Property Owners and Managers, a New Program for Commercial Real Estate Portfolios
XL Insurance, XL Capital Ltd’s global insurance operations, unveiled Pollution Insurance for Property Owners and Managers, a suite of pollution insurance endorsements and claims and risk management services to help protect the value of commercial real estate (CRE) portfolios in the U.S.
Rich Corbett, head of XL Insurance’s Global Environmental unit, said: “Environmental risks are [...]
XL Insurance, the global insurance operations of XL Capital Ltd announced the hiring of eight new field engineers for its worldwide property loss prevention services business, XL Global Asset Protection Services (XL GAPS).
The new risk engineers will meet the global demand for XL GAPS’ loss prevention expertise and local language capabilities. The new employees [...]