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Article: Northern Trust Launches Insurance Accounting Solution with ProMutual Group.
- Article from:
- PR Newswire
- Article date:
- February 12, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CHICAGO, Feb. 12 /PRNewswire-FirstCall/ -- Northern Trust announced today it has been appointed to provide an insurance accounting and financial reporting outsourcing solution for ProMutual Group, a leading provider of medical liability insurance in the Northeast. ProMutual Group, with an investment portfolio of approximately $1.9 billion, is the first client to benefit from the full statutory accounting solution developed by Northern Trust.
"Northern Trust's solution meets all of our statutory, GAAP, and tax filing reporting demands. The system also provides the flexibility to create customized reporting at our request to meet regulatory or board reporting ...