Insurance


19
Dec 13

Liberty Mutual to Create 150 Jobs in Dublin

David Long, chief executive of Liberty Mutual Group and Pat O’Brien, CEO of Liberty Insurance. Photo: Dara Mac Dónaill/The Irish TimesLiberty Mutual Insurance has bought out the IBRC stake in its Irish operation formerly Quinn Insurance.

The news follows an announcement by the company that it is to create 150 new technology jobs in Dublin.

The new jobs will be created over the next two years, and will be based at the company’s Blanchardstown office.

  • Liberty Mutual Insurance cuts 425 jobs

Liberty said the expanded IT operations in Dublin will support the establishment of an IT help desk, a security operations centre and a software engineering unit.

Liberty Mutual Insurance chief information officer James McGlennon said the decision to invest in Dublin reflected the quality of IT graduates and experienced professionals available to support future growth.

“Expanding our IT operations in this way strengthens our global software engineering and advanced development capabilities.”
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18
Oct 12

Ireland : Munich Re to set up a strategic R&D project in Dublin, creating 17 new roles.

File:Richardbruton.jpgMinister for Jobs, Enterprise and Innovation, Richard Bruton TD, today announced that the Automation Solutions division of Munich Re, one of the largest reinsurers in the world, is to establish a strategic R&D facility in Dublin.

The division currently employs 47 people in Ireland. This new project involves a planned investment of over 8 million and the creation of up to 17 additional highly skilled new positions. The Irish government, through IDA Ireland, has worked closely with the company on this new activity.

The R&D team will focus on complex data mining and statistical analysis techniques that will enable Munich Re s Automation Solutions to more accurately assess underwriting risk across a broad range of insurance classes. Munich Re s life insurance clients around the world will benefit from this exciting R&D and newly-gained expertise through the next generation of new business processing and underwriting automation solutions. Established in Dublin in 1986, Munich Re s Automation Solutions division (formerly Allfinanz) is the world s leading provider of automated underwriting solutions to life insurers.

Making the announcement, Minister for Jobs, Enterprise and Innovation Richard Bruton TD said, Today s announcement that Munich Re is investing and expanding its operations here with the creation of 17 new jobs is very welcome news for our financial services sector. Through the Action Plan for Jobs this Government is determined to increase employement in this sector by 10,000 by 2016 and I believe that with the right policies from Government we can reach this ambitious target .

We are delighted to be making this investment in such innovative R&D. This strategic project will pave the way for the next generation of life insurance underwriting systems, said Ross Mayne, CEO of Munich Re s Automation Solutions Division. Ireland is our global centre for commercial software development. Our positive experience and the success we have enjoyed here made Ireland the natural choice for this pioneering project, he added.

Welcoming the announcement, Barry O Leary, CEO of IDA Ireland said, Financial services has been identified as a key growth area for Ireland s economy. In that context, to see a world leading financial services company like Munich Re investing further in Ireland is extremely significant. It will also enhance Ireland s profile as a global investment hub .

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6
Jul 12

Recruitment begins today for Aviva Galway jobs

AvivaEyreSq209_1.jpg

Aviva has today commenced a recruitment drive for 220 new jobs in Galway.

Recruitment for 220 new positions at Aviva’s Galway branch has begun. For full details, see www.aviva.ie/group/careers

The 220 new staff will be located in Aviva’s existing facility, in the Galway West Business Park in Knocknacarra.

The Galway facility is to become a new Aviva Global Centre of Excellence, servicing both new claims and direct sales for both the Irish and UK markets.

Aviva Ireland spokesperson, Gráinne Mackin, said the company is delighted to commence the recruitment process for 220 new positions in Galway.

“Our new Centre of Excellence in Galway will place our expanded Knocknacarra team at the centre of our UK and Ireland operations. This is a significant step forward in achieving our longer term vision for the business in Ireland. We look forward to welcoming our 220 new members to our team in the months ahead,” she said.

The 220 positions will be advertised across local Galway media, recruitment sites and on the Aviva Ireland website, www.aviva.ie/group/careers.

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4
Jul 12

Department of Jobs, Enterprise and Innovation : Guidewire Software establishes Consulting Centre in Dublin

Guidewire - Deliver insurance your way
Global software company makes a significant investment in Ireland – recruitment drive is underway 4 July 2012
Guidewire Software, Inc. (NYSE: GWRE), today [Wednesday] announced that it has established a consulting centre in Dublin. Guidewire already has a team of approximately 25 employees in place and additional hiring is underway. The Guidewire Services Centre (GSC) is located in Blanchardstown Corporate Park.  The Irish Government through IDA Ireland worked closely with Guidewire to attract this investment to Ireland.

Guidewire Software was established in California in 2001 to provide core system software for the general insurance industry. Guidewire InsuranceSuite™ provides a complete set of applications to support insurers’ core operations: underwriting, policy administration, billing, and claims management. InsuranceSuite enables insurers to deliver improved products and services faster to their customers, to improve underwriting discipline, and to lower operating costs. Guidewire offers an innovative and fun working environment and is looking for enthusiastic, creative, and skilled developers to help its professional services teams implement InsuranceSuite projects around the world.

To date, Guidewire has been selected by more than 100 insurers globally. The company has more than a dozen customers in Europe, including: Aviva UK, Beazley, LV=, NFU Mutual, Pohjola, QBE European Operations, Royal Bank of Scotland Insurance, Rosgosstrakh, Zurich U.K. and other insurers in the U.K., France and Italy. The Guidewire Services Centre (GSC) further demonstrates Guidewire’s commitment to and growth in Europe.

The Dublin centre was established to help meet a growing global customer demand for expertise in implementing Guidewire’s products. The centre provides resources in Ireland to contribute to highly collaborative Agile projects which are led from customer locations around the world. The focus of the GSC is to augment on-site teams that are implementing Guidewire products to replace mission critical insurance applications.

Welcoming the announcement Minister for Jobs, Enterprise and Innovation Richard Bruton TD said: “This is a very welcome announcement for Blanchardstown and Ireland. Guidewire is a dynamic and fast-growing software company, and today’s announcement that it is locating a consulting centre in Dublin with the creation of additional jobs is good news. Through continued implementation of the Action Plan for Jobs, I am determined to ensure that we can continue to attract dynamic multinational companies to Ireland and help create the jobs we need.”

Customers can limit peak hiring during implementations by engaging GSC consultants to configure Guidewire products to meet their specific business needs. These off-site consulting teams receive the same high calibre training that Guidewire on-site consultants receive.  GSC consultants are dedicated to individual projects and leverage Guidewire’s Agile project approach and Guidewire implementation tools for success. This consistency facilitates collaboration and transparency. The net result is a high quality implementation option that maintains Guidewire’s commitment to customer success.

The GSC concept combined with the Guidewire on-site model and the company’s global alliance program gives customers a myriad of implementation options – each designed to help them achieve project success.

“We were attracted to the strength of Ireland’s software sector, the ease of doing business in the country and by its talented and highly skilled workforce,” said Alex Naddaff, vice president, Professional Services, Guidewire. “IDA Ireland has been a key partner in making the decision to locate in Ireland the right one for Guidewire in order to manage our growth while providing the highest levels of service to our customers.”

Barry O’Leary, CEO of IDA Ireland said, “Ireland’s reputation as a leading location for global software companies is further embedded by Guidewire’s decision to locate this operation here. Companies in the ICT sector continue to take advantage of Ireland’s competitive opportunities and knowledge-based economy and today’s announcement follows on from a number of significant announcements in recent months from companies in this sector. I would like to offer the continued support of IDA Ireland to Guidewire and wish them every success with this venture.”

About Guidewire Software Guidewire Software is a provider of core system software to the global Property/Casualty (general) insurance industry. Designed to be flexible and scalable, Guidewire solutions give insurers the capability to deliver excellent service, increase market share and lower operating costs. Guidewire InsuranceSuite™, consisting of Guidewire PolicyCenter®, Guidewire ClaimCenter® and Guidewire BillingCenter® spans the key functional areas in insurance – underwriting and policy administration, claims management, and billing. Guidewire is headquartered in San Mateo, California, with offices in Dublin, Beijing, Hong Kong, London, Munich, Paris, Sydney, Tokyo, and Toronto. For more information, please visit www.guidewire.com.
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20
May 12

Mitsui Sumitomo at Lloyd’s opens in Dublin and creates 30 jobs

ireland-introductionMSI Management UK and Ireland, the new service company of Mitsui Sumitomo at Lloyd’s, is opening a Dublin headquarters.

Subject to regulatory approval the new office will be the intermediary hub for UK and Ireland regional underwriting business underwritten by Syndicate 3210 at Lloyd’s.

Expansion into the UK and Ireland’s regional insurance markets has resulted in a multi-million euro investment and will create 30 jobs.

The firm said that staff expertise and availability, as well as a favourable business environment, were strong factors in choosing Ireland over other locations.

From its Dublin offices and regional branches in Belfast, Glasgow, Manchester, Birmingham and a commercial office in London, MSI Management UK and Ireland will work with its brokers across the UK and Ireland to offer commercial insurance services, with anticipated revenues of over €100m during the next three to five years.

Alan Sheil, who is heading up the regional operation, commented: “The decision to locate the regional operation in Dublin is a real nod of approval for insurance industry employees in Ireland.

“As well as growing our highly experienced team, we plan to build on current broker relationships to expand predominantly in the indigenous mid-market sector.

“The MSI Management UK and Ireland’s proposition is based on offering market leading insurance products with excellent claims service through empowered, experienced underwriters and a select panel of brokers.

“We believe the Dublin office will play a pivotal role in our UK and Irish regional business operations.”

At the Dublin office opening ceremony, which included the Japanese tradition of breaking a sake barrel decorated with a turtle and crane signifying good luck and long life, Isamu Endo, chief executive of MSIG Holdings (Europe) commented: “Our expectations for this new initiative are very high. We look forward to delivering high quality insurance services via this new entity.”

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