West Bend MutualInsurance selected SapiensInternational Corp.'s Sapiens Reinsurancesolution to help the company better manage and control itsreinsurance business and related provesses.
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Hires and Promotions
|Xuberappointed Chris Baker, formerly a senior vicepresident of Oracle, as managing director of Xuber within XchangingTechnology Services. The appointment follows Xchanging'sacquisition of Total Objects Ltd. and Agencyport Europe,allowing Baker to spearhead the company's global growthinitiatives.
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Honors and Awards
|Securian Financial Groupappeared on Computerworld's annual list of 100 Best Places to Workin IT for the 19th year based on a questionnaire thatmeasured the benefits, diversity, career development, training,retention and worker satisfaction in the workplace.
|Guidewire Software Inc.'sPolicyCenter was recognized as a best-in-class solution across fourcategories, policy lifecycle, operational support, user experienceand enterprise support, of CEB TowerGroup's PolicyAdministration Systems Technology Analysis 2014 Report.
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Tech Development
|CoreLogic released a newversion of its EQECAT natural catastrophe modeling platform whichcontains three new proprietary risk models that qualify and analyzethe financial impact of catastrophic natural hazards in at-riskregions around the globe.
|AIR Worldwide released Version2.0 of its catastrophe modeling software platform, Touchstone. Thenew version includes the ability to account for catastrophe andnoncatastrophe risk in a single platform, providing a morecomprehensive view of risk.
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Mergers & Acquisitions
|Xchanging acquired TotalObjects Ltd., an insurance software provider, for apotential consideration of up to $36 million. The acquisition issubject to clearance by the Competition and Markets Authority, andwould continue the development of Xchanging's insurance businessand technology enablement strategy.
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