January 20th, 2012
Parsippany, NJ (PRWEB) January 19, 2012 — DataCede Staffing, a leading staffing and consulting firm specializing in Information Technology, announces its recent move to its Headquarters location at the Lanidex Plaza in Parsippany, New Jersey.
“We’ve outperformed thanks to our loyal clients,” says DataCede Staffing President, William Nelson, “and we owe it to the fantastic response we’ve received from clients who look to us to fill their critical IT needs. In less than a year we’ve outgrown our old offices and this location at Lanidex is centrally located.”
DataCede Staffing’s mix of clients includes financial services, banking and insurance, pharmaceutical, technology, manufacturing, and telecommunications. The company’s explosive growth is the result of listening and reacting quickly to client needs who demand qualified, proven and experienced teams of professionals.
“The secret to our success” adds Nelson “is that we work hand in hand with our clients to really understand their needs and then we react with speed and precision to present the right person or team in short order. We have the resources and motivation to make every client engagement a top priority and we strive for 100% client satisfaction. Nothing less is acceptable to me or the staff.”
To experience the DataCede Staffing difference contact William Nelson at 973-287-4400.
DataCede Staffing
200 Lanidex Plaza
Parsippany, NJ 07054
DataCede.com
Princeton / Philadelphia / London / Chennai
Tags: DataCede Staffing
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September 13th, 2011
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DataCede announces staff additions to Consulting & Staff Deployment
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Princeton, New Jersey – September 13, 2011
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Robert Morgan joins DataCede’s Reinsurance consulting division as a Principal Consultant. Morgan, who spent nearly 25 years with Atlantic Mutual will be responsible for working with DataCede reinsurance clients as well as further developing the firms reinsurance consulting practice. “We’re pleased to have Bob join our team,” said Joseph Zarandona, DataCede’s CEO, “and we expect Bob to provide the experience and knowledge that our clients expect from our firm. With our new reinsurance system CedeRight on the market Bob will be able to leverage his deep reinsurance background to the user experience and work with our current team in building a sustainable reinsurance consulting practice.” |
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| Ryan Sheehan joins the company’s staffing entity – DataCede Staffing in the recruitment department. DataCede Staffing is a full service staffing company filling client full-time, project and contractor assignments in the Mid-Atlantic Region. According to DataCede Staffing President William Nelson, Ryan has joined at an important time for the organization. “We’ve had tremendous growth in the short term and Ryan brings an abundance of energy and capabilities that will help propel us to further success. We have a wide focus that goes beyond insurance to other financial service companies as well as pharma and manufacturing but all in the IT area.”
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| DataCede is an insurance centric, operational consulting, application development, and backroom processing firm. The company provides comprehensive insurance and reinsurance systems & services that capitalize on teams of seasoned experienced insurance professionals. DataCede’s cloud delivered solutions are fully configurable and allow clients to manage their processing expenses as their business needs change. Headquartered in Princeton New Jersey the company maintains a presence in the Philadelphia, London, Parsippany, and Chennai India. |
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August 31st, 2011
DataCede significantly expanding backroom and BPO production capabilities to support explosive growth
Consulting | Technology | Staffing | CedeRight Reinsurance Service
 Datacede Expands because of Explosive Growth 
Princeton, New Jersey 08540 (PRWEB) August 31, 2011
DATACEDE INTERNATIONAL LLC, a division of DATACEDE announces expansion of its domestic and overseas production and development facilities in Chennai India trading under the name of DATACEDE CHENNAI PRIVATE LIMITED.
The company is building an 8200 sq. ft., state-of-the-art, technology production facility in the MCM Centre Tower building in Chennai. Initially the facility will house over 90 technical staff and the company has options for a future expansion.
Jack Eldridge, DATACEDE’s CIO and Director is excited to be expanding the commitment to India and the city of Chennai. “I have been fortunate to work with India for the past 20 years with an experienced management team of Insurance Technologists.” DataCede’s management team takes great pride in the development of quality technical insurance systems, delivered on time and on budget. The new Chennai division will continue to be managed by Ms. Padma Venkatanarayan. DATACEDE’s cloud based Reinsurance Service, CedeRight, was developed and built by her staff of reinsurance technology specialists.
http://www.prweb.com/releases/2011/8/prweb8753630.htm
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April 1st, 2011
Princeton, NJ (PRWEB) April 1, 2011 – DataCede™, a leading consulting, systems, and IT development firm, announced today that it trademark applications have been accepted and approved by the US Patent Office. DataCede™, DataCede Staffing™ and its newest reinsurance product, CedeRight Reinsurance System™ are trademark protected.
About DataCede:
DataCede is an insurance centric, operational consulting, application development, and backroom processing firm. The company provides comprehensive insurance and reinsurance systems & services that capitalize on teams of seasoned experienced insurance professionals. DataCede’s cloud delivered solutions are fully configurable and allow clients to manage their processing expenses as their business needs change.
Headquartered in Princeton New Jersey the company maintains a presence in Philadelphia, London, Parsippany, and Chennai India
# # NJ
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March 8th, 2011
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March 5th, 2011
Princeton, NJ (PRWEB) March 7, 2011 — DataCede, a leading consulting, systems, and IT development firm, announces the formation of a new Staff Deployment Division to compliment its rapidly growing client base.
The new division, DataCede Staff® will deploy the companies’ considerable bench strength of IT and Insurance Consultants to its clients who demand qualified, proven, and experienced teams of professionals. The new division will be headed by William E. Nelson, President of DataCede Staff®.
Willie brings over 20 years of innovative staffing and marketing experience with deep understanding of the Information Technology markets. “His division’s mission is to deploy a unique staffing model, differentiated by the hundreds of experienced professionals currently available to DataCede”, said Joe Zarandona, DataCede’s Chairman & CEO. “Willie is very capable and well known in our industry and we are excited that he will be setting the direction for growth and scalability of our new division”.
DataCede Staff®, a full service staffing company, will immediately provide technology staffing consultants to a variety of industries including financial services, pharmaceutical and telecommunications.
About DataCede:
DataCede is an insurance centric, operational consulting, application development, and backroom processing firm. The company provides comprehensive insurance and reinsurance systems & services that capitalize on teams of seasoned experienced insurance professionals. DataCede’s cloud delivered solutions are fully configurable and allow clients to manage their processing expenses as their business needs change. Headquartered in Princeton New Jersey the company maintains a presence in the Philadelphia, London, Parsippany, and Chennai India.
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February 4th, 2011
LONDON (Reuters)—Europe’s Solvency II capital rules for insurers could force nonlife companies to bolster their reserves, and could also trigger mergers and acquisitions as insurers seek to limit their dependence on capital-hungry businesses, PricewaterhouseCoopers L.L.P. said.
“Nonlife firms could see significant capital increases under the directive as it currently stands, so it is vital insurers explore what options they have available to maximize capital now,” Jonathan Howe, an insurance partner at the accountancy firm, said Thursday.
The new regime, due to come into force in January 2013, also could spur asset sales as insurers offload capital-intensive units to limit Solvency II’s overall impact, Mr. Howe said.
Solvency II is aimed at making sure insurers hold reserves in proportion to the risks they cover, but is seen by some in the industry as an excessive ratcheting up of capital requirements that will erode profits and push up prices for consumers.
Nonlife insurers’ vulnerability to higher capital requirements under Solvency II was highlighted Thursday by European insurers’ lobby CEA as it issued initial feedback on an impact assessment test carried out by the industry last year.
The current draft of Solvency II requires “major changes” to avoid harming the competitiveness of the European insurance industry, the CEA said.
The full results of the impact study will be published by the European Commission in March.
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January 27th, 2011
ZURICH (Bloomberg)—Most insurers in Switzerland will pass a new solvency stress test at the end of April, according to the Swiss Financial Markets Supervisory Authority.
The results will be driven by interest rates and the capital measures the regulator required of the nine insurers that failed an initial test last year, Rene Schnieper, the regulator’s board member responsible for insurance, told reporters in Zurich Tuesday.
Insurers must send their new Swiss Solvency Test reports to the authority, known as FINMA, at the end of April.
The new risk-based solvency rules introduced in Switzerland on Jan. 1 require insurers to provide a mark-to-market valuation of assets and liabilities that for the first time takes into account their investment portfolios. Low interest rates are making it hard for insurers to meet legally required minimum returns on life and pension policies, FINMA said.
Five of the six life insurers that failed to meet the 100% target received immediate help with raising solvency ratios from their parent companies, Mr. Schnieper said. He didn’t comment on the other three insurers that failed the initial test..
Tags: Swiss RE
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December 23rd, 2010
HANOVER, Germany Bloomberg—Enstar Group Ltd., a Bermuda-based insurance management provider, agreed to buy Clarendon National Insurance Co. from Hannover Reinsurance Co. for $200 million. The deal will be financed through a bank-loan facility and cash, Enstar said Wednesday in a statement. The sale includes all the operational companies of Clarendon Insurance Group and allows Hannover Re “to free itself from the operational risks associated with the runoff of a U.S. insurer,” the Hanover, Germany-based company said separately.Hannover Re, the world’s third-biggest reinsurer, bought U.S. specialty insurer Clarendon in 1998 as it sought to reduce its dependency on property/casualty reinsurance, where earnings can be more volatile. The company sold most of its specialty insurance business to Australia’s QBE Insurance Group Ltd. for $800 million in December 2006.As the selling price is equivalent to about 80% of the statutory equity of Clarendon, Hannover Re expects to book a charge in the “mid-double-digit million-euro range” this year, it said. The company reiterated its target to post a profit in 2010 of more than €700 million $918 million.Specialty insurance includes art insurance, health insurance for pets and policies for high-risk drivers. Insurers or groups of insurance contracts that are in runoff are no longer accepting new business, thus fading out the existing coverage over time. Enstar specializes in acquiring and managing businesses that are being run off.The transaction, on which J.P. Morgan Securities acted as the exclusive financial adviser to Hannover Re, is expected to close in the second quarter of 2011, both parties said.
via Hannover Re sells runoff unit Clarendon for $200 million | Business Insurance.
Tags: Enstar, Hanover Re
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December 2nd, 2010
URICH (Bloomberg)—Zurich Financial Services Ltd., Switzerland’s largest insurer, plans to cut costs by $500 million over the next three years with more than two-thirds of the savings coming from its nonlife business.
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Zurich doesn’t expect “mass layoffs” as part of the cost cuts, CEO Martin Senn said on a conference call from Zurich Thursday. He didn’t give further details.
General insurance head Mario Greco is seeking to boost earnings at the Zurich-based company’s biggest business after operating profit declined 22% to $1.96 billion in the first nine months of this year. Mr. Greco, appointed seven months ago amid price wars in the United Kingdom, Italy and Germany, is explaining his strategy to investors in Zurich Thursday.
Zurich Financial wants to improve its combined ratio, a key measure of profitability in general insurance that shows spending on claims and costs as a percentage of premiums, by 3 to 4 percentage points. General insurance contributed 62% to the insurer’s profit last year.
via Zurich Financial plans to cut costs by $500 million | Business Insurance.
Tags: Marin Senn, Mario Greco, Zurich Financial
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