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1st Guard, a truck insurance firm, has selected DocuSign e-Signature platform, an electronic signature management platform to securely transact insurance documents online from anywhere, anytime. 1st Guard has eliminated the logistical method of faxing, printing and mailing applications to customers. DocuSign offers the convenience of signing utilizing an Apple iPhone, RIM BlackBerry or any other [...]
Archive for August, 2010
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Stewart Information Services Corp. Leads Tuesday’s AMBG as Global Insurance Index Declines 0.32%
Posted by gary on August 4th, 2010
The AMBG closed Tuesday, Aug. 3, at 814.61 (-0.32%). Of the 15 A.M. Best stock indexes, three rose and 12 declined. Leading A.M. Best’s Global Insurance Composite Index (AMBG) were Stewart Information Services Corp. (+7.61%) and AmTrust financial Services Inc. (+3.92%). Trailing the list of global insurance stocks were Unitrin (-10.09%) and Flagstone reinsurance Holdings [...]
Munich Re Profit Driven by Strong Investment Result
Posted by gary on August 4th, 2010
Munich Re cited the “particularly large contribution” of a strong investment result as first-half earnings rose 5.3% to 1.19 billion euros. The group’s reinsurance result fell 19.3% to 1.06 billion euros, but primary insurance earnings surged to 293 million euros from 1 million euros a year earlier. Munich Health posted a first-half profit of 16 [...]
China and Pakistan Hit by Severe Floods in July
Posted by gary on August 4th, 2010
Asia was hit by severe floods in July, causing widespread property and economic losses in countries including China, Pakistan and India, where insurance coverage is relatively low. “The flooding across Asia has displaced millions of people and destroyed many millions of hectares of farmland,” said Steve Jakubowski, president of impact forecasting at Aon Benfield, in [...]
(2nd LD) S. Korea unveils sale plan for Woori Finance, bank units
Posted by gary on August 1st, 2010
South Korea will seek to sell a major state stake in Woori Finance Holdings Co. and controlling shares in its two banking units, a bailout watchdog said Friday, heralding the full-fledged start of privatizing the holding company. The Public Fund Oversight Committee said it has decided to unload “a certain amount of share or more” [...]
Marsh Sees ‘Modest’ Increase in Insurance Costs for Offshore Energy Risks
Posted by gary on August 1st, 2010
Losses sustained in the Gulf of Mexico will not have the same market-changing impact on the upstream energy insurance market as other major events such as Hurricane Katrina, according to a new report published by Marsh. In a release, Marsh noted that report highlights include: Following Hurricane Katrina, the market experienced massive reductions in capacity [...]
HSBC Finance Corporation Names Burke CEO
Posted by gary on August 1st, 2010
Patrick Burke has been appointed Chief Executive Officer of HSBC Finance Corporation, to lead the U.S. consumer finance division. In a release dated July 28, the Company said Burke’s appointment was effective July 12. He succeeds Niall Booker in this role; Booker was recently named CEO of HSBC North America Holdings, Inc. with effect from [...]
SilverStone Group Named Best Place to Work by Business Insurance
Posted by gary on August 1st, 2010
SilverStone Group has been selected as one of 2010′s Best Places to Work in Insurance by business insurance magazine and Best Companies Group. The Best Places to Work in Insurance award identifies and recognizes places of employment that are leading the way in defining the employee experience in the insurance industry. The recipient companies are [...]
