Munich Reinsurance America, Inc.

State Farm, U.S. Bank | March 06, 2020

State Farm and U.S. Bank – a major commercial bank – have announced a strategic alliance, wherein U.S. Bank will assume State Farm Bank’s existing deposit and credit card accounts. The partnership also allows State Farm agents to introduce U.S. Bank deposit products and co-branded credit cards to State Farm customers. A release noted that the alliance is part of State Farm’s broader strategy to exit banking operations. Both companies also have plans to eventually offer St...

Core Insurance

Sapiens | July 23, 2021

Sapiens International Corporation, a leading global provider of software solutions for the insurance industry, announced today a collaboration with Munich Re, one of the world's leading providers of reinsurance, primary insurance, and insurance-related risk solutions, to provide technology-led consultancy and services to enable primary insurers to serve better the commercial insurance market (small and medium-sized businesses). The commercial insurance market in the United Kin...

Swiss Re | February 20, 2020

It’s Swiss Re’s turn to unveil its full-year numbers for 2019, and the major reinsurer has a $727 million reason to be merry. In a release this morning, Swiss Re said its group net income for last year rose 73% from $421 million in 2018. Much of the result was attributed to the group’s Life & Health Reinsurance (L&H Re) unit, net income of which went up 18% to $899 million. As for the other segments, Property & Casualty Reinsurance (P&C Re) posted a 7% increase ...

Claims

Harford Mutual Insurance Group, One Inc. | July 26, 2022

One Inc, the leading digital payments network for the insurance industry, announced today that property and casualty carrier, Harford Mutual Insurance Group (Harford Mutual), has selected One Inc’s ClaimsPay® to help process claims payments and synchronize the company’s workflow. The success of ClaimsPay marks the growing number of clients utilizing One Inc for payment digitization. Headquartered in Bel Air, Maryland, Harford Mutual is represented by nearly 450 ind...