Fairfirst Insurance Limited

fairfirst.lk

We are the amalgamated entity of two prominent general insurance companies Union Assurance General and Asian Alliance General Insurance. As part of the global Fairfax Group we implement international best. practices across our operations. Today, we have one of the best multi-distribution capabilities in the insurance industry, we have an experienced workforce of over 1400 spread across our 57 comprehensive service centers.

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RISK MANAGEMENT

APPLIED UNDERWRITERS SETS ACQUISITION OF CATLIN SPECIALTY INSURANCE COMPANY

AXA XL | February 24, 2022

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Applied Underwriters has announced that it will acquire Catlin Specialty Insurance Company ('A+' rated) from the AXA XL group of companies, consolidating the company into the North American Casualty group of companies ('A' rated) in a move intended to bolster Applied's operating capabilities in support of its strategic partners as the E&S market hardens. The transaction is scheduled to close during Q2 as anticipated regulatory approvals are received. Mr. Ja...

Read More

AON CONFIRMS HUGE NUMBER OF NAT CAT LOSSES NOT INSURED

Aon | January 22, 2020

news image

Aon has published its latest catastrophe report, which points to a gaping insurance hole for 2019. According to the broking giant’s Weather, Climate & Catastrophe Insight: 2019 Annual Report released today, last year’s 409 natural catastrophe events equated to $232 billion in economic losses. Of this figure, however, only $71 billion was covered by insurance – be it government-sponsored programmes or coverage from the private sector. What this translates to is a whopping 69...

Read More

RISK MANAGEMENT

THE STANDARD SELECTS VITECH'S V3LOCITY TO ACCELERATE TECHNOLOGY TRANSFORMATION

Vitech® | February 15, 2022

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Vitech Systems Group announced that Portland, Oregon-based Standard Insurance Company (The Standard) has selected V3locity, Vitech's cloud-native administration, engagement, and analytics platform, to provide its ongoing policy administration services. The Standard will use V3locity's onboarding, enrollment, policy administration, and billing and commissions capabilities. "V3locity will be instrumental in helping us create new opportunities in our busine...

Read More

TECH ACQUISITION ENHANCES AGENCY MANAGEMENT SYSTEMS

Insurance Business Magazine | February 11, 2020

news image

Following its mid-2019 acquisition of Smart Harbor – which delivers digital technology to insurance agencies – Insurance Technologies Corporation (ITC) has announced another deal that will put more capabilities into the hands of agents. The provider of websites, marketing, comparative rating, and management software and services revealed this week that it has acquired Agency Matrix, whose offerings include its agency management system, insurance agency websites, document management, ...

Read More
news image

RISK MANAGEMENT

APPLIED UNDERWRITERS SETS ACQUISITION OF CATLIN SPECIALTY INSURANCE COMPANY

AXA XL | February 24, 2022

Applied Underwriters has announced that it will acquire Catlin Specialty Insurance Company ('A+' rated) from the AXA XL group of companies, consolidating the company into the North American Casualty group of companies ('A' rated) in a move intended to bolster Applied's operating capabilities in support of its strategic partners as the E&S market hardens. The transaction is scheduled to close during Q2 as anticipated regulatory approvals are received. Mr. Ja...

Read More
news image

AON CONFIRMS HUGE NUMBER OF NAT CAT LOSSES NOT INSURED

Aon | January 22, 2020

Aon has published its latest catastrophe report, which points to a gaping insurance hole for 2019. According to the broking giant’s Weather, Climate & Catastrophe Insight: 2019 Annual Report released today, last year’s 409 natural catastrophe events equated to $232 billion in economic losses. Of this figure, however, only $71 billion was covered by insurance – be it government-sponsored programmes or coverage from the private sector. What this translates to is a whopping 69...

Read More
news image

RISK MANAGEMENT

THE STANDARD SELECTS VITECH'S V3LOCITY TO ACCELERATE TECHNOLOGY TRANSFORMATION

Vitech® | February 15, 2022

Vitech Systems Group announced that Portland, Oregon-based Standard Insurance Company (The Standard) has selected V3locity, Vitech's cloud-native administration, engagement, and analytics platform, to provide its ongoing policy administration services. The Standard will use V3locity's onboarding, enrollment, policy administration, and billing and commissions capabilities. "V3locity will be instrumental in helping us create new opportunities in our busine...

Read More
news image

TECH ACQUISITION ENHANCES AGENCY MANAGEMENT SYSTEMS

Insurance Business Magazine | February 11, 2020

Following its mid-2019 acquisition of Smart Harbor – which delivers digital technology to insurance agencies – Insurance Technologies Corporation (ITC) has announced another deal that will put more capabilities into the hands of agents. The provider of websites, marketing, comparative rating, and management software and services revealed this week that it has acquired Agency Matrix, whose offerings include its agency management system, insurance agency websites, document management, ...

Read More