Insurance industry
Travelers Insurance is urging its policyholders affected by Hurricane Opal to report claims using specific telephone numbers. The company has also outlined precautions for residents to prepare for the storm, including securing property, having adequate supplies of water and food, and unplugging electrical appliances to prevent surges. In addition, commercial
Insurance industry
The Great-West Life Assurance Company has announced an agreement with four leading financial institutions to provide investment management for 16 new segregated funds. This expansion will bring the total number of segregated funds offered by Great-West Life to 29, solidifying its position as the leading provider of segregated funds in
Insurance industry
MetLife, in collaboration with its long-time advertising agency Young & Rubicam New York, has unveiled a major national advertising campaign aimed at helping consumers navigate the complexities of financial decision-making. The new campaign, which debuts on September 26, marks the first time Snoopy from the beloved PEANUTS characters has starred
Insurance industry
Oasis Residential, a real estate investment trust specializing in upscale apartment communities, has executed a $150 million commitment for a new unsecured revolving credit facility. The facility, led by Wells Fargo Bank, will provide the company with more flexible funding options and allow it to replace its existing secured credit
Insurance industry
The Zurich-American Insurance Group, a prominent member of the global Zurich Insurance Group, has selected ViewStar software for its commercial property-casualty claims processing. As part of its extensive reengineering study, Zurich-American aimed to leverage technology to optimize its claims processing operations, identifying document image processing and workflow as crucial components.
Insurance industry
Robert E. Evans, a seasoned executive from Travelers Insurance Co., has been appointed managing director of Fleet Financial Group's insurance services business, effective October 2. Evans will be responsible for developing Fleet's corporate-wide insurance services business and will report to Gunnar S. Overstrom, who will become
Insurance industry
Poe & Brown, Inc., a leading general insurance agency, has announced the appointment of James A. Orchard as its new Chief Financial Officer, effective September 11, 1995. Orchard brings with him a strong financial background and a wealth of experience, having served as Assistant Vice President of Finance and Tax
Insurance industry
Warner Insurance Services' subsidiary, Cover-All Systems, Inc., has entered into a significant software licensing agreement with Sun Alliance Insurance, the second largest insurer in the United Kingdom. This new agreement, valued over $1.2 million, allows Sun Alliance to utilize Cover-All's Total Administration Solution (TAS) modules, including
Insurance industry
Northwestern Mutual has been named the top "traditional" life insurance company in a recent survey of industry executives, according to a report by Tillinghast - Towers Perrin. The survey, conducted in April and May, included CEOs of 343 of the largest life insurers in the United States and
Insurance industry
Pittsburgh-based Mellon Mortgage Company, a subsidiary of Mellon Bank Corporation, has completed its acquisition of Metmor Financial, Inc., a residential and commercial mortgage banking subsidiary of Metropolitan Life Insurance Company. The acquisition adds 24 residential branch mortgage origination offices in the southwestern and midwestern United States, eight commercial origination offices
Insurance industry
United Wisconsin Services, Inc., a leading managed care company, has made significant changes to its executive management team, naming Roger A. Formisano as executive vice president and Penny J. Siewert as vice president of Regional Services. Formisano will oversee all operating units of UWZ, except for the American Medical Security
Insurance industry
The Chase Manhattan Corporation announced the closure of a $1 billion syndicated credit facility for the Florida Windstorm Underwriting Association (FWUA), a residual market provider of insurance coverage in the State of Florida. The facility will finance loss claims incurred as a result of windstorms, hurricanes, tornadoes, and other covered
