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MetLife Inc. is reorganizing its business from a U.S./international business structure into three broad geographic regions to better reflect the company’s global reach. MetLife says it significantly grew its global footprint in 2010 through the $16.4 billion acquisition of Alico. The three new business regions, each of which will have its own president, are the Americas, EMEA (Europe, the Middle East and Africa) and Asia.

Here's a lesson on how to assess IT performance by connecting it with business results...

RMSI, a geospatial and software services company, has been awarded the Technology Initiative of the Year award, as part of the 15th Asia Insurance Industry Awards, held recently in Singapore.

Dan Colarusso, VP, CIO of Cypress Insurance Group, talks with INN about his company's decision to replace its multiple existing technology systems currently used for policy, underwriting, rating, billing, and management of its distribution channel with a SaaS solution offered by MajescoMastek.

Alleghany Corp. and Transatlantic Holdings Inc. have entered into a definitive agreement to combine Transatlantic with Alleghany. Under the terms of the transaction, the stockholders of Transatlantic will receive aggregate consideration, currently valued at $59.79 per share in stock and cash, or about $3.4 billion.

The U.S. Department of Health and Human Services (HHS) has issued its first rebuke to an insurer under the federal rate review provision of the Affordable Care Act.

Outsourcing is still a multi-billion dollar industry, but the future is getting cloudy as the market braces for a transitional phase.

Cigna, a health services company, and TTK Group, an Indian conglomerate, have signed a joint-venture agreement to sell a range of health, wellness and insurance products across India. Cigna says the agreement makes the insurer the first to apply for entry into India as part of a stand-alone, joint-venture health insurance company.

According to a new study from the Highway Loss Data Institute (HLDI), the extra weight hybrid vehicles carry around because of their battery makes them safer. In fact, the study found that the odds of being injured in a crash are 25 percent lower for people in hybrids, when compared to conventional fuel models.

With the insurance industry seemingly starved for some good news about itself, it can take solace knowing that more than 4,000 insurance company volunteers were willing to provide time and labor to various nonprofit groups across the nation last week.