CNA was recently voted among the best in the insurance industry, according to a poll conducted by UK-based Intelligent Insurer magazine. The publication’s 12,000 readers voted CNA as the Best Specialty Lines Insurer, and chairman/CEO Tom Motamad as Insurance CEO of the Year.
“We are proud to be chosen among the best in this poll of our industry colleagues, and are encouraged that our hard work and commitment to our producers has not gone unnoticed,” said Motamed.
CNA Specialty is the global business insurer’s $2.7 billion unit focused on specialty insurance products and services, including surety and warranty. In the U.S., CNA Specialty serves the management and professional liability needs of healthcare professionals, architects, accountants, attorneys, financial intermediaries and public and private companies. In Europe, CNA Specialty focuses on healthcare, professional liability, renewable energy, financial lines and technology.
Intelligent Insurer’s readership includes insurers, brokers and reinsurers from the U.S., Europe and Asia. Voters are members/conference delegates of PCIAA, NAMIC, PLUS, NAPSLO and AAMGA and insurance brokers. The awards were announced during the 2010 Reinsurance Rendez-vous conference held in Monte Carlo.
Serving businesses and professionals since 1897, CNA is the country’s seventh largest commercial insurance writer and the 13th largest property and casualty company. CNA’s insurance products include standard commercial lines, specialty lines, surety, marine and other property and casualty coverages. CNA's services include risk management, information services, underwriting, risk control and claims administration. For more information, please visit CNA at www.cna.com. CNA is a registered trademark of CNA Financial Corporation.
Thursday, January 27, 2011
ACE Names Jeffery Hager to Lead Company’s Insurance Businesses in Japan
The ACE Group today announced that Jeffery Hager has been appointed Regional President, ACE Far East, responsible for ACE’s property and casualty (P&C) and accident and health (A&H) insurance businesses in Japan. Mr. Hager will be based in Tokyo and will report to John Keogh, Vice Chairman, ACE Limited, and Chairman, Insurance – Overseas General. He succeeds Neil Smith, who now heads ACE’s P&C and A&H insurance businesses in Thailand.
Mr. Hager joins ACE from Fireman’s Fund Insurance Company, where he was the company’s National Sales Leader since 2009, based in Dallas. Prior to this position, he served as Executive Vice President in charge of AIU’s P&C and A&H insurance company in Japan.
“I am pleased to welcome Jeff to ACE,” said Mr. Keogh. “Jeff has an extensive and varied insurance background, ranging from country management responsibility in Asia to management of an agency sales force in Japan to marketing and front-line claims experience. I’m confident that his unique combination of experience and proven leadership of the P&C and A&H businesses in Japan will serve him well in guiding ACE’s continued success in the Japanese market.”
Mr. Hager brings 20 years of insurance industry experience to his new assignment. Prior to his role as head of AIU Japan, he served as Regional Vice President and then Executive Vice President of the Sales and Distribution division of AIU’s Japan and Korea P&C businesses from 2005 to 2008. Previously, he held a variety of increasingly responsible positions in sales, distribution, marketing and claims over 14 years and in multiple U.S. locations, including Regional Sales & Distribution Leader for nine states and 7,000 independent agents in the central U.S. from 2002 to 2004. Mr. Hager began his insurance career in 1991 as Claims Adjuster at Safeco in Denver.
Mr. Hager earned a Bachelor’s degree in Marketing from Kansas State University.
Celebrating 25 years of insuring progress, the ACE Group is a global leader in insurance and reinsurance serving a diverse group of clients. Headed by ACE Limited (NYSE:ACE - News), a component of the S&P 500 stock index, the ACE Group conducts its business on a worldwide basis with operating subsidiaries in more than 50 countries and commercial and individual customers in more than 170 countries. Additional information can be found at: www.acegroup.com.
Mr. Hager joins ACE from Fireman’s Fund Insurance Company, where he was the company’s National Sales Leader since 2009, based in Dallas. Prior to this position, he served as Executive Vice President in charge of AIU’s P&C and A&H insurance company in Japan.
“I am pleased to welcome Jeff to ACE,” said Mr. Keogh. “Jeff has an extensive and varied insurance background, ranging from country management responsibility in Asia to management of an agency sales force in Japan to marketing and front-line claims experience. I’m confident that his unique combination of experience and proven leadership of the P&C and A&H businesses in Japan will serve him well in guiding ACE’s continued success in the Japanese market.”
Mr. Hager brings 20 years of insurance industry experience to his new assignment. Prior to his role as head of AIU Japan, he served as Regional Vice President and then Executive Vice President of the Sales and Distribution division of AIU’s Japan and Korea P&C businesses from 2005 to 2008. Previously, he held a variety of increasingly responsible positions in sales, distribution, marketing and claims over 14 years and in multiple U.S. locations, including Regional Sales & Distribution Leader for nine states and 7,000 independent agents in the central U.S. from 2002 to 2004. Mr. Hager began his insurance career in 1991 as Claims Adjuster at Safeco in Denver.
Mr. Hager earned a Bachelor’s degree in Marketing from Kansas State University.
Celebrating 25 years of insuring progress, the ACE Group is a global leader in insurance and reinsurance serving a diverse group of clients. Headed by ACE Limited (NYSE:ACE - News), a component of the S&P 500 stock index, the ACE Group conducts its business on a worldwide basis with operating subsidiaries in more than 50 countries and commercial and individual customers in more than 170 countries. Additional information can be found at: www.acegroup.com.
Appeals court to expedite Virginia healthcare challenges
An appeals court on Wednesday agreed to expedite consideration of challenges in Virginia to the new landmark healthcare bill's requirement that Americans buy insurance coverage, setting arguments for May.
U.S. District Judge Henry Hudson last month backed the argument by Virginia's attorney general that Congress exceeded its authority by requiring Americans to start buying health insurance in 2014 or face a fine, a key provision strongly backed by President Barack Obama.
Both sides appealed to the U.S. Court of Appeals for the Fourth Circuit, based in Richmond, and requested that the case be expedited. The court set oral arguments to be held between May 10-13.
Obama administration officials have vigorously defended the individual coverage mandate as passing constitutional muster. A multi-state lawsuit against the insurance mandate is also pending in Florida and a ruling is expected soon. (nN20115665)
Virginia's lawyers have argued that the federal government could not regulate someone for not buying a good or service under the U.S. Constitution's Commerce Clause and could not penalize them for failing to buy health insurance.
The state's Attorney General Ken Cuccinelli appealed as well, arguing that the judge should have thrown out the entire law. He is also considering whether to bypass the Fourth Circuit court and go straight to the U.S. Supreme Court.
The appeals court also agreed to hear during the same period in May another appeal involving the healthcare law.
A different federal judge in Virginia in November ruled the individual mandate and a requirement some employers buy coverage for employees was legal under the Commerce Clause in a lawsuit filed by Liberty University, a college founded by the conservative evangelical leader Jerry Falwell.
U.S. District Judge Henry Hudson last month backed the argument by Virginia's attorney general that Congress exceeded its authority by requiring Americans to start buying health insurance in 2014 or face a fine, a key provision strongly backed by President Barack Obama.
Both sides appealed to the U.S. Court of Appeals for the Fourth Circuit, based in Richmond, and requested that the case be expedited. The court set oral arguments to be held between May 10-13.
Obama administration officials have vigorously defended the individual coverage mandate as passing constitutional muster. A multi-state lawsuit against the insurance mandate is also pending in Florida and a ruling is expected soon. (nN20115665)
Virginia's lawyers have argued that the federal government could not regulate someone for not buying a good or service under the U.S. Constitution's Commerce Clause and could not penalize them for failing to buy health insurance.
The state's Attorney General Ken Cuccinelli appealed as well, arguing that the judge should have thrown out the entire law. He is also considering whether to bypass the Fourth Circuit court and go straight to the U.S. Supreme Court.
The appeals court also agreed to hear during the same period in May another appeal involving the healthcare law.
A different federal judge in Virginia in November ruled the individual mandate and a requirement some employers buy coverage for employees was legal under the Commerce Clause in a lawsuit filed by Liberty University, a college founded by the conservative evangelical leader Jerry Falwell.
TeleTech Announces Release Date for Fourth Quarter and Full Year 2010 Financial Results and Filing of Its Annual Report on Form 10-K
TeleTech Holdings, Inc. (NASDAQ:TTEC - News), one of the world’s largest global providers of comprehensive enterprise solutions that maximize revenue, transform customer experiences and optimize business processes, today announced details pertaining to the release of its fourth quarter and full year 2010 financial results and related conference call and webcast.
TeleTech will release fourth quarter and full year 2010 financial results after market close on Tuesday, March 1, 2011, when a summary press release will be issued and its Annual Report on Form 10-K will be filed with the Securities and Exchange Commission. A conference call and webcast with management will be held on Wednesday, March 2, 2011, at 8:30 a.m. Eastern time.
You are invited to join a live webcast of the conference call by visiting the “Investors” section of the TeleTech website at www.teletech.com. If you are unable to participate during the live webcast, a replay will be available on the TeleTech website through Wednesday, March 16, 2011.
TeleTech will release fourth quarter and full year 2010 financial results after market close on Tuesday, March 1, 2011, when a summary press release will be issued and its Annual Report on Form 10-K will be filed with the Securities and Exchange Commission. A conference call and webcast with management will be held on Wednesday, March 2, 2011, at 8:30 a.m. Eastern time.
You are invited to join a live webcast of the conference call by visiting the “Investors” section of the TeleTech website at www.teletech.com. If you are unable to participate during the live webcast, a replay will be available on the TeleTech website through Wednesday, March 16, 2011.
APU Solutions Rolls Out Next-Generation Subrogation Tool
APU Solutions, a leading web-software developer for the auto-insurance, collision-repair and alternative-parts industry, today announced the release of SubroNetwork, a state-of-the-art historical parts lookup tool.
(Logo: http://photos.prnewswire.com/prnh/20110126/CG37286LOGO)
SubroNetwork, a tool for arbitrating disputes between insurance carriers, redefines detailed documentation of historical part availability, quality and deliverability. The four-step workflow reveals critical facts and a summary report in less than five minutes. SubroNetwork will also ensure historical part availability all the way down to local deliveries within 36 hours of the dates searched.
"SubroNetwork is like a time capsule because it literally allows subrogation specialists to go back in time to see the availability conditions on any given day in the past," said APU CEO Charles Lukens. "That's because our web-based platform, PartsNetwork, is always on, reflecting live, real-time, nationwide auto parts inventories."
For insurance carriers, SubroNetwork is both an offensive and defensive weapon. With it, insurers win more in arbitration and go to arbitration less, thanks to SubroNetwork's real-time reporting with access to detailed, accurate data.
SubroNetwork evolves rapidly thanks to insurance client input and the same nimble, agile development that is a hallmark of APU's flagship PartsNetwork, as well as its DataNetwork reporting suite.
(Logo: http://photos.prnewswire.com/prnh/20110126/CG37286LOGO)
SubroNetwork, a tool for arbitrating disputes between insurance carriers, redefines detailed documentation of historical part availability, quality and deliverability. The four-step workflow reveals critical facts and a summary report in less than five minutes. SubroNetwork will also ensure historical part availability all the way down to local deliveries within 36 hours of the dates searched.
"SubroNetwork is like a time capsule because it literally allows subrogation specialists to go back in time to see the availability conditions on any given day in the past," said APU CEO Charles Lukens. "That's because our web-based platform, PartsNetwork, is always on, reflecting live, real-time, nationwide auto parts inventories."
For insurance carriers, SubroNetwork is both an offensive and defensive weapon. With it, insurers win more in arbitration and go to arbitration less, thanks to SubroNetwork's real-time reporting with access to detailed, accurate data.
SubroNetwork evolves rapidly thanks to insurance client input and the same nimble, agile development that is a hallmark of APU's flagship PartsNetwork, as well as its DataNetwork reporting suite.
Wednesday, December 22, 2010
Enstar Group Limited Announces Proposed Acquisition
Enstar Group Limited ("Enstar") (Nasdaq:ESGR - News) today announced that, through one of its wholly-owned subsidiaries, it has entered into a definitive agreement for the purchase of Clarendon National Insurance Company from Clarendon Insurance Group, Inc., an affiliate of Hannover Re. The purchase price is approximately $200 million and is expected to be financed in part by a bank loan facility to be finalized before closing and in part from cash on hand.
Completion of the transaction is conditioned on, among other things, regulatory approval and satisfaction of various customary closing conditions. The transaction is expected to close in the second quarter of 2011.
Enstar, a Bermuda company, acquires and manages insurance and reinsurance companies in run-off and provides management, consultancy and other services to the insurance and reinsurance industry.
Completion of the transaction is conditioned on, among other things, regulatory approval and satisfaction of various customary closing conditions. The transaction is expected to close in the second quarter of 2011.
Enstar, a Bermuda company, acquires and manages insurance and reinsurance companies in run-off and provides management, consultancy and other services to the insurance and reinsurance industry.
BluePhoenix Solutions Awarded $1 Million IT Modernization Contract by a US Insurance Group
BluePhoenix Solutions (NASDAQ: BPHX), the leader in value-driven legacy IT modernization, was awarded an IDMS migration contract by a tier one Insurance Group based in the US, valued at more than $1 million.
The customer selected BluePhoenix to modernize its IDMS based application to an IBM DB2 environment on System z. The main business drivers for the modernization were:
* Lack of IDMS trained resources made it difficult to maintain functionality and, more importantly, the IDMS platform had become an impediment to new development.
* The desire to eliminate the high IDMS maintenance cost.
By modernizing the application to IBM DB2 on System z, the customer will be able to deliver new application features to users more quickly and respond to changing business requirements more effectively.
The Customer has always had a responsive, technically advanced team, and their decision to strategically address issues of costly, legacy technologies allows them to maintain this edge. BluePhoenix was chosen after a thorough, comprehensive evaluation of a large number of migration vendors and major system integrators.
“We are pleased to help our customers to reduce their IT costs from IDMS and also have more flexibility in developing and enhancing their application,” said Greg Schottland, General Manager, Legacy Modernization Division of BluePhoenix Solutions. “Their dependence on aging technologies will be eliminated.”
“We are glad the customer and BluePhoenix selected DB2 and IBM System z, the premier platform for modernizing legacy assets and creating an agile, dynamic, and cost effective enterprise architecture while providing the highest possible level of service”, said Gregory Shomstein, Enterprise Modernization Executive of IBM System z.
The customer selected BluePhoenix to modernize its IDMS based application to an IBM DB2 environment on System z. The main business drivers for the modernization were:
* Lack of IDMS trained resources made it difficult to maintain functionality and, more importantly, the IDMS platform had become an impediment to new development.
* The desire to eliminate the high IDMS maintenance cost.
By modernizing the application to IBM DB2 on System z, the customer will be able to deliver new application features to users more quickly and respond to changing business requirements more effectively.
The Customer has always had a responsive, technically advanced team, and their decision to strategically address issues of costly, legacy technologies allows them to maintain this edge. BluePhoenix was chosen after a thorough, comprehensive evaluation of a large number of migration vendors and major system integrators.
“We are pleased to help our customers to reduce their IT costs from IDMS and also have more flexibility in developing and enhancing their application,” said Greg Schottland, General Manager, Legacy Modernization Division of BluePhoenix Solutions. “Their dependence on aging technologies will be eliminated.”
“We are glad the customer and BluePhoenix selected DB2 and IBM System z, the premier platform for modernizing legacy assets and creating an agile, dynamic, and cost effective enterprise architecture while providing the highest possible level of service”, said Gregory Shomstein, Enterprise Modernization Executive of IBM System z.
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Thursday, January 27, 2011
CNA Receives High Honors from Intelligent Insurer Magazine
CNA was recently voted among the best in the insurance industry, according to a poll conducted by UK-based Intelligent Insurer magazine. The publication’s 12,000 readers voted CNA as the Best Specialty Lines Insurer, and chairman/CEO Tom Motamad as Insurance CEO of the Year.
“We are proud to be chosen among the best in this poll of our industry colleagues, and are encouraged that our hard work and commitment to our producers has not gone unnoticed,” said Motamed.
CNA Specialty is the global business insurer’s $2.7 billion unit focused on specialty insurance products and services, including surety and warranty. In the U.S., CNA Specialty serves the management and professional liability needs of healthcare professionals, architects, accountants, attorneys, financial intermediaries and public and private companies. In Europe, CNA Specialty focuses on healthcare, professional liability, renewable energy, financial lines and technology.
Intelligent Insurer’s readership includes insurers, brokers and reinsurers from the U.S., Europe and Asia. Voters are members/conference delegates of PCIAA, NAMIC, PLUS, NAPSLO and AAMGA and insurance brokers. The awards were announced during the 2010 Reinsurance Rendez-vous conference held in Monte Carlo.
Serving businesses and professionals since 1897, CNA is the country’s seventh largest commercial insurance writer and the 13th largest property and casualty company. CNA’s insurance products include standard commercial lines, specialty lines, surety, marine and other property and casualty coverages. CNA's services include risk management, information services, underwriting, risk control and claims administration. For more information, please visit CNA at www.cna.com. CNA is a registered trademark of CNA Financial Corporation.
“We are proud to be chosen among the best in this poll of our industry colleagues, and are encouraged that our hard work and commitment to our producers has not gone unnoticed,” said Motamed.
CNA Specialty is the global business insurer’s $2.7 billion unit focused on specialty insurance products and services, including surety and warranty. In the U.S., CNA Specialty serves the management and professional liability needs of healthcare professionals, architects, accountants, attorneys, financial intermediaries and public and private companies. In Europe, CNA Specialty focuses on healthcare, professional liability, renewable energy, financial lines and technology.
Intelligent Insurer’s readership includes insurers, brokers and reinsurers from the U.S., Europe and Asia. Voters are members/conference delegates of PCIAA, NAMIC, PLUS, NAPSLO and AAMGA and insurance brokers. The awards were announced during the 2010 Reinsurance Rendez-vous conference held in Monte Carlo.
Serving businesses and professionals since 1897, CNA is the country’s seventh largest commercial insurance writer and the 13th largest property and casualty company. CNA’s insurance products include standard commercial lines, specialty lines, surety, marine and other property and casualty coverages. CNA's services include risk management, information services, underwriting, risk control and claims administration. For more information, please visit CNA at www.cna.com. CNA is a registered trademark of CNA Financial Corporation.
ACE Names Jeffery Hager to Lead Company’s Insurance Businesses in Japan
The ACE Group today announced that Jeffery Hager has been appointed Regional President, ACE Far East, responsible for ACE’s property and casualty (P&C) and accident and health (A&H) insurance businesses in Japan. Mr. Hager will be based in Tokyo and will report to John Keogh, Vice Chairman, ACE Limited, and Chairman, Insurance – Overseas General. He succeeds Neil Smith, who now heads ACE’s P&C and A&H insurance businesses in Thailand.
Mr. Hager joins ACE from Fireman’s Fund Insurance Company, where he was the company’s National Sales Leader since 2009, based in Dallas. Prior to this position, he served as Executive Vice President in charge of AIU’s P&C and A&H insurance company in Japan.
“I am pleased to welcome Jeff to ACE,” said Mr. Keogh. “Jeff has an extensive and varied insurance background, ranging from country management responsibility in Asia to management of an agency sales force in Japan to marketing and front-line claims experience. I’m confident that his unique combination of experience and proven leadership of the P&C and A&H businesses in Japan will serve him well in guiding ACE’s continued success in the Japanese market.”
Mr. Hager brings 20 years of insurance industry experience to his new assignment. Prior to his role as head of AIU Japan, he served as Regional Vice President and then Executive Vice President of the Sales and Distribution division of AIU’s Japan and Korea P&C businesses from 2005 to 2008. Previously, he held a variety of increasingly responsible positions in sales, distribution, marketing and claims over 14 years and in multiple U.S. locations, including Regional Sales & Distribution Leader for nine states and 7,000 independent agents in the central U.S. from 2002 to 2004. Mr. Hager began his insurance career in 1991 as Claims Adjuster at Safeco in Denver.
Mr. Hager earned a Bachelor’s degree in Marketing from Kansas State University.
Celebrating 25 years of insuring progress, the ACE Group is a global leader in insurance and reinsurance serving a diverse group of clients. Headed by ACE Limited (NYSE:ACE - News), a component of the S&P 500 stock index, the ACE Group conducts its business on a worldwide basis with operating subsidiaries in more than 50 countries and commercial and individual customers in more than 170 countries. Additional information can be found at: www.acegroup.com.
Mr. Hager joins ACE from Fireman’s Fund Insurance Company, where he was the company’s National Sales Leader since 2009, based in Dallas. Prior to this position, he served as Executive Vice President in charge of AIU’s P&C and A&H insurance company in Japan.
“I am pleased to welcome Jeff to ACE,” said Mr. Keogh. “Jeff has an extensive and varied insurance background, ranging from country management responsibility in Asia to management of an agency sales force in Japan to marketing and front-line claims experience. I’m confident that his unique combination of experience and proven leadership of the P&C and A&H businesses in Japan will serve him well in guiding ACE’s continued success in the Japanese market.”
Mr. Hager brings 20 years of insurance industry experience to his new assignment. Prior to his role as head of AIU Japan, he served as Regional Vice President and then Executive Vice President of the Sales and Distribution division of AIU’s Japan and Korea P&C businesses from 2005 to 2008. Previously, he held a variety of increasingly responsible positions in sales, distribution, marketing and claims over 14 years and in multiple U.S. locations, including Regional Sales & Distribution Leader for nine states and 7,000 independent agents in the central U.S. from 2002 to 2004. Mr. Hager began his insurance career in 1991 as Claims Adjuster at Safeco in Denver.
Mr. Hager earned a Bachelor’s degree in Marketing from Kansas State University.
Celebrating 25 years of insuring progress, the ACE Group is a global leader in insurance and reinsurance serving a diverse group of clients. Headed by ACE Limited (NYSE:ACE - News), a component of the S&P 500 stock index, the ACE Group conducts its business on a worldwide basis with operating subsidiaries in more than 50 countries and commercial and individual customers in more than 170 countries. Additional information can be found at: www.acegroup.com.
Appeals court to expedite Virginia healthcare challenges
An appeals court on Wednesday agreed to expedite consideration of challenges in Virginia to the new landmark healthcare bill's requirement that Americans buy insurance coverage, setting arguments for May.
U.S. District Judge Henry Hudson last month backed the argument by Virginia's attorney general that Congress exceeded its authority by requiring Americans to start buying health insurance in 2014 or face a fine, a key provision strongly backed by President Barack Obama.
Both sides appealed to the U.S. Court of Appeals for the Fourth Circuit, based in Richmond, and requested that the case be expedited. The court set oral arguments to be held between May 10-13.
Obama administration officials have vigorously defended the individual coverage mandate as passing constitutional muster. A multi-state lawsuit against the insurance mandate is also pending in Florida and a ruling is expected soon. (nN20115665)
Virginia's lawyers have argued that the federal government could not regulate someone for not buying a good or service under the U.S. Constitution's Commerce Clause and could not penalize them for failing to buy health insurance.
The state's Attorney General Ken Cuccinelli appealed as well, arguing that the judge should have thrown out the entire law. He is also considering whether to bypass the Fourth Circuit court and go straight to the U.S. Supreme Court.
The appeals court also agreed to hear during the same period in May another appeal involving the healthcare law.
A different federal judge in Virginia in November ruled the individual mandate and a requirement some employers buy coverage for employees was legal under the Commerce Clause in a lawsuit filed by Liberty University, a college founded by the conservative evangelical leader Jerry Falwell.
U.S. District Judge Henry Hudson last month backed the argument by Virginia's attorney general that Congress exceeded its authority by requiring Americans to start buying health insurance in 2014 or face a fine, a key provision strongly backed by President Barack Obama.
Both sides appealed to the U.S. Court of Appeals for the Fourth Circuit, based in Richmond, and requested that the case be expedited. The court set oral arguments to be held between May 10-13.
Obama administration officials have vigorously defended the individual coverage mandate as passing constitutional muster. A multi-state lawsuit against the insurance mandate is also pending in Florida and a ruling is expected soon. (nN20115665)
Virginia's lawyers have argued that the federal government could not regulate someone for not buying a good or service under the U.S. Constitution's Commerce Clause and could not penalize them for failing to buy health insurance.
The state's Attorney General Ken Cuccinelli appealed as well, arguing that the judge should have thrown out the entire law. He is also considering whether to bypass the Fourth Circuit court and go straight to the U.S. Supreme Court.
The appeals court also agreed to hear during the same period in May another appeal involving the healthcare law.
A different federal judge in Virginia in November ruled the individual mandate and a requirement some employers buy coverage for employees was legal under the Commerce Clause in a lawsuit filed by Liberty University, a college founded by the conservative evangelical leader Jerry Falwell.
TeleTech Announces Release Date for Fourth Quarter and Full Year 2010 Financial Results and Filing of Its Annual Report on Form 10-K
TeleTech Holdings, Inc. (NASDAQ:TTEC - News), one of the world’s largest global providers of comprehensive enterprise solutions that maximize revenue, transform customer experiences and optimize business processes, today announced details pertaining to the release of its fourth quarter and full year 2010 financial results and related conference call and webcast.
TeleTech will release fourth quarter and full year 2010 financial results after market close on Tuesday, March 1, 2011, when a summary press release will be issued and its Annual Report on Form 10-K will be filed with the Securities and Exchange Commission. A conference call and webcast with management will be held on Wednesday, March 2, 2011, at 8:30 a.m. Eastern time.
You are invited to join a live webcast of the conference call by visiting the “Investors” section of the TeleTech website at www.teletech.com. If you are unable to participate during the live webcast, a replay will be available on the TeleTech website through Wednesday, March 16, 2011.
TeleTech will release fourth quarter and full year 2010 financial results after market close on Tuesday, March 1, 2011, when a summary press release will be issued and its Annual Report on Form 10-K will be filed with the Securities and Exchange Commission. A conference call and webcast with management will be held on Wednesday, March 2, 2011, at 8:30 a.m. Eastern time.
You are invited to join a live webcast of the conference call by visiting the “Investors” section of the TeleTech website at www.teletech.com. If you are unable to participate during the live webcast, a replay will be available on the TeleTech website through Wednesday, March 16, 2011.
APU Solutions Rolls Out Next-Generation Subrogation Tool
APU Solutions, a leading web-software developer for the auto-insurance, collision-repair and alternative-parts industry, today announced the release of SubroNetwork, a state-of-the-art historical parts lookup tool.
(Logo: http://photos.prnewswire.com/prnh/20110126/CG37286LOGO)
SubroNetwork, a tool for arbitrating disputes between insurance carriers, redefines detailed documentation of historical part availability, quality and deliverability. The four-step workflow reveals critical facts and a summary report in less than five minutes. SubroNetwork will also ensure historical part availability all the way down to local deliveries within 36 hours of the dates searched.
"SubroNetwork is like a time capsule because it literally allows subrogation specialists to go back in time to see the availability conditions on any given day in the past," said APU CEO Charles Lukens. "That's because our web-based platform, PartsNetwork, is always on, reflecting live, real-time, nationwide auto parts inventories."
For insurance carriers, SubroNetwork is both an offensive and defensive weapon. With it, insurers win more in arbitration and go to arbitration less, thanks to SubroNetwork's real-time reporting with access to detailed, accurate data.
SubroNetwork evolves rapidly thanks to insurance client input and the same nimble, agile development that is a hallmark of APU's flagship PartsNetwork, as well as its DataNetwork reporting suite.
(Logo: http://photos.prnewswire.com/prnh/20110126/CG37286LOGO)
SubroNetwork, a tool for arbitrating disputes between insurance carriers, redefines detailed documentation of historical part availability, quality and deliverability. The four-step workflow reveals critical facts and a summary report in less than five minutes. SubroNetwork will also ensure historical part availability all the way down to local deliveries within 36 hours of the dates searched.
"SubroNetwork is like a time capsule because it literally allows subrogation specialists to go back in time to see the availability conditions on any given day in the past," said APU CEO Charles Lukens. "That's because our web-based platform, PartsNetwork, is always on, reflecting live, real-time, nationwide auto parts inventories."
For insurance carriers, SubroNetwork is both an offensive and defensive weapon. With it, insurers win more in arbitration and go to arbitration less, thanks to SubroNetwork's real-time reporting with access to detailed, accurate data.
SubroNetwork evolves rapidly thanks to insurance client input and the same nimble, agile development that is a hallmark of APU's flagship PartsNetwork, as well as its DataNetwork reporting suite.
Wednesday, December 22, 2010
Enstar Group Limited Announces Proposed Acquisition
Enstar Group Limited ("Enstar") (Nasdaq:ESGR - News) today announced that, through one of its wholly-owned subsidiaries, it has entered into a definitive agreement for the purchase of Clarendon National Insurance Company from Clarendon Insurance Group, Inc., an affiliate of Hannover Re. The purchase price is approximately $200 million and is expected to be financed in part by a bank loan facility to be finalized before closing and in part from cash on hand.
Completion of the transaction is conditioned on, among other things, regulatory approval and satisfaction of various customary closing conditions. The transaction is expected to close in the second quarter of 2011.
Enstar, a Bermuda company, acquires and manages insurance and reinsurance companies in run-off and provides management, consultancy and other services to the insurance and reinsurance industry.
Completion of the transaction is conditioned on, among other things, regulatory approval and satisfaction of various customary closing conditions. The transaction is expected to close in the second quarter of 2011.
Enstar, a Bermuda company, acquires and manages insurance and reinsurance companies in run-off and provides management, consultancy and other services to the insurance and reinsurance industry.
BluePhoenix Solutions Awarded $1 Million IT Modernization Contract by a US Insurance Group
BluePhoenix Solutions (NASDAQ: BPHX), the leader in value-driven legacy IT modernization, was awarded an IDMS migration contract by a tier one Insurance Group based in the US, valued at more than $1 million.
The customer selected BluePhoenix to modernize its IDMS based application to an IBM DB2 environment on System z. The main business drivers for the modernization were:
* Lack of IDMS trained resources made it difficult to maintain functionality and, more importantly, the IDMS platform had become an impediment to new development.
* The desire to eliminate the high IDMS maintenance cost.
By modernizing the application to IBM DB2 on System z, the customer will be able to deliver new application features to users more quickly and respond to changing business requirements more effectively.
The Customer has always had a responsive, technically advanced team, and their decision to strategically address issues of costly, legacy technologies allows them to maintain this edge. BluePhoenix was chosen after a thorough, comprehensive evaluation of a large number of migration vendors and major system integrators.
“We are pleased to help our customers to reduce their IT costs from IDMS and also have more flexibility in developing and enhancing their application,” said Greg Schottland, General Manager, Legacy Modernization Division of BluePhoenix Solutions. “Their dependence on aging technologies will be eliminated.”
“We are glad the customer and BluePhoenix selected DB2 and IBM System z, the premier platform for modernizing legacy assets and creating an agile, dynamic, and cost effective enterprise architecture while providing the highest possible level of service”, said Gregory Shomstein, Enterprise Modernization Executive of IBM System z.
The customer selected BluePhoenix to modernize its IDMS based application to an IBM DB2 environment on System z. The main business drivers for the modernization were:
* Lack of IDMS trained resources made it difficult to maintain functionality and, more importantly, the IDMS platform had become an impediment to new development.
* The desire to eliminate the high IDMS maintenance cost.
By modernizing the application to IBM DB2 on System z, the customer will be able to deliver new application features to users more quickly and respond to changing business requirements more effectively.
The Customer has always had a responsive, technically advanced team, and their decision to strategically address issues of costly, legacy technologies allows them to maintain this edge. BluePhoenix was chosen after a thorough, comprehensive evaluation of a large number of migration vendors and major system integrators.
“We are pleased to help our customers to reduce their IT costs from IDMS and also have more flexibility in developing and enhancing their application,” said Greg Schottland, General Manager, Legacy Modernization Division of BluePhoenix Solutions. “Their dependence on aging technologies will be eliminated.”
“We are glad the customer and BluePhoenix selected DB2 and IBM System z, the premier platform for modernizing legacy assets and creating an agile, dynamic, and cost effective enterprise architecture while providing the highest possible level of service”, said Gregory Shomstein, Enterprise Modernization Executive of IBM System z.
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