Sapient announced that John Flynn joined the company to lead Sapient’s Insurance Practice, a unit of the Financial Services industry group. In this role, Flynn will further develop Sapient’s ability to deliver business-enabling technology solutions that address the distribution and …
Liberty Mutual Group is adding to its operations in Spain by purchasing Royal & Sun Alliance’s property and casualty and life insurance operations in the country. The purchase will expand Liberty Mutual Group’s Spanish base, which began when its subsidiary …
Tokio Marine & Fire Ins. Co, Japan’s largest p/c insurer, and global giant Swiss Re announced that they “have arranged a USD 450 million cat risk swap to cover losses from three natural perils.” The swaps, each of which is …
The American Insurance Association believes that the number of international agreements that are up for consideration, and their potentially far reaching consequences for the industry, could make July 2001 an historic month, which would mark a turning point for U.S. …
AFLAC, the leading writer of worksite supplemental insurance, has brought its celebrated duck to Japan with the launch on July 2nd of a national advertising campaign featuring the feathered quacker. The company hopes he’ll (she’ll?} have the same success at …
Japanese regulators yesterday selected Daido Life Insurance Co. and Taiyo Mutual Life Insurance Co. to take over failed insurer Tokyo Mutual Life, over the rival bids of American International Group and GE Edison Life, a unit of GE Capital Corp. …
Soccer football’s World Cup, scheduled to take place in Japan and Korea next year, is arguably the world’s biggest sporting event, but unfortunately unruly soccer fans, dubbed “hooligans” after their English roots, frequently cause a lot of damage. Japan’s Nissin …
Hawaii Governor Benjamin Cayetan approved the recent incorporation and licensure of Heiwa Insurance Inc., the state’s first captive insurance company which is directly owned by a Japanese corporation and insures risks situated in Japan. Licensed on March 30, 2001, Heiwa …
Tokio Marine & Fire Insurance Co. Ltd. reported that net profits grew 41 percent to 43.14 billion yen ($352 million) for the period March 2000/2001, despite the continuing economic slump affecting the Japanese economy. A strong upsurge in automobile policy …
The Prudential Insurance Company of America announced a new name: Prudential Financial. The name change reflects the company’s evolution from an insurance company focused solely on protection to a company involved in diverse financial services, including insurance, investments and asset …
