India News

Ebix Inc. Reports Record Annual Profits

Atlanta-based Ebix Inc., an international supplier of software and e-commerce solutions to the insurance industry, announced its financial results for the year ended Dec. 31, 2003. The company reported its third consecutive full-year profit, with annual net income being the …

A.M. Best Affirms Ratings of Two Indian Insurers

A.M. Best Co. affirmed the “A” (Excellent) financial strength rating of General Insurance Corporation of India (GIC) (Mumbai, India) and the “A” (Excellent) rating of New India Assurance Company Limited (New India) (Mumbai, India). The outlook for both companies is …

Aon/Albert G. Ruben Releases Global Risks in Filmmaking Map

Aon/Albert G. Ruben, an insurance broker for the entertainment industry, released its Global Risks in Filmmaking map that measures major risks, including crime, organized crime and corruption, kidnap and ransom, disease risk and medical care, and assigns an overall risk-level …

Xchanging Acquires RebusIS

Kinnect isn’t the only technology-based initiative making news around Lloyd’s (See previous article). Xchanging Ltd., its back office service provider and in independent company, is expanding its presence in the insurance sector through the acquisition of the U.K.-based insurance technology …

Maritime Board Notes Rise in Piracy

A new report, compiled by the International Maritime Board, found a 20 percent rise in the number of attacks by pirates in 2003. Violence involved in the incidents is on the rise as well. As reported by the BBC, the …

RLI Promotes Singh to Chief Information Officer

Peoria, Ill.-based RLI Corp. has promoted Piyush K. Singh to chief information officer. RLI President and CEO Jonathan E. Michael said that Singh has played a significant role in leading the growth of RLI’s information technology department. Singh joined RLI …

Ebix.com Inc. Switches Name to Ebix, Inc.

Atlanta-based Ebix, an international supplier of software and e-commerce solutions to the insurance industry, has changed its name to Ebix, Inc. from ebix.com, Inc. effective immediately. To mark the event, the company also announced a new logo that can be …

30,000 Feared Dead in Iran Quake

Bam, the ancient city in southeastern, Iran lies in ruins after an earthquake, measured locally at 6.3 on the Richter scale (the US Geological Survey measured it at 6.7), struck early Friday morning. No official count of the dead, wounded …

Deborah Osborn Joins ePolicy Solutions as Director of Sales

Torrance, Calif.-based ePolicy Solutions Inc., a leader in providing Web-based policy administration solutions to reduce expenses and to improve customer service, announced that Deborah Osborn has joined the company as director of sales reporting to Nicholas A. Richardson, senior vice …

Gomez Joins ePolicy Solutions as VP, Enterprise Program Office

ePolicy Solutions announced that Susan Gomez has joined the company as vice president, enterprise program office. Gomez’ immediate task is to enhance the enterprise program office for the rapidly growing company, which recently added a top 10 U.S. property and …