Internationally renowned and insurance giant Aetna, and The Company for Cooperative Insurance (Tawuniya), recently announced their plans for a strategic partnership that will offer medical services to Saudi Arabian citizens residing in the Kingdom of Saudi Arabia as well as those living abroad. The new alliance…

Insurer Aetna International is changing its strategic insurance partner in Hong Kong. As of the 24th January 2013, all underwriting will be provided by Starr International Insurance (Asia) Ltd as opposed to their prior partner GAN Assurances IARD. Changing underwriting providers is rarely seen as a positive thing, as it hints at disputes amongst…

India's General Insurers Public Sector Association (GIPSA), have shortlisted 9 companies to create a captive joint-venture third party administrator (TPA) to manage their cashless claims services. GIPSA's group of four public sector general insurance companies -- New India Assurance;…

French financial services firm BNP Paribas and Paris-based AXA Group have mutually agreed to renew their long-standing agreement, dating back to December 2005, through various industrial projects for an additional three years. The recently signed new agreement will be automatically renewed in an annual basis.

Altegrity Inc. will acquire Kroll Inc. from Marsh & McLennan Companies, Inc. (MMC) in an all-cash transaction valued at US$1.13 billion (EUR 942 million), according to a joint announcement recently released. The deal is expected to be finalised by late September and it is still subject to customary closing conditions and regulatory approvals.