ProSight Specialty Insurance has hired Mark Popolano as its Chief Information Officer, as part of its strategy to continue hiring elite industry leadership. With experience in property and casualty insurance, Popolano had held service ...
Tags: ProSight Specialty Insurance, Mark Popolano, Chief Information Officer
Luxembourg-based CVC Capital Partners–led group has agreed to purchase insurance-claims adjuster Cunningham Lindsey from Stone Point Capital and Fairfax Financial Holdings in a deal valued between $900m and $1bn including debt. An ...
Tags: CVC, Bes, board of directors, insurance
UK based Financial Services Authority (FSA) and Lloyd's of London have approved W R Berkley Syndicate Management to work as a Lloyd's managing agent. As per the agreement, effective from 1 June 2012, WR Berkley Syndicate Management will ...
Tags: FSA, W R Berkley Syndicate Management, managing agent, reinsurance
US commercial property and casualty insurance provider CNA Financial has acquired Hardy Underwriting Bermuda for approximately $230m. After the integration, Hardy will continue to trade under its own brand and its existing leadership team ...
Tags: CNA Financial, Hardy Underwriting Bermuda, acquisition, insurance
Alteris Insurance Services, a wholly-owned subsidiary of Argo Group International Holdings, has completed acquisition of the operating assets and business rights of Mattei Insurance Services. Alteris president Hilbert Schenck II said the ...
Tags: Alteris Insurance Services, Argo Group International Holdings
Liberty Mutual Insurance (LMI), the commercial lines division of Liberty Mutual Insurance Europe, has named Anthony Martella as the new senior vice president and chief actuary of its Commercial Markets strategic business unit. Martella, ...
Tags: Liberty Mutual Insurance, Anthony Martella, senior vice president
Liberty Mutual Holding Company has registered revenues of $9.2bn, up by 5.8% for the third quarter of 2012, compared to $8.7bn during the same period over the last year. Net income attributable to LMHC was $$465m with an increase of ...
Tags: Liberty Mutual Holding Company, quarter 2 revenues, insurance product
Property and casualty insurer ACE has promoted Lauretta Alberti as senior environmental insurance underwriter for the Benelux and Nordic region. Lauretta will report to Dorothee Prunier, environmental insurance manager, continental Europe ...
Tags: ACE, Lauretta Alberti, environmental insurance, insurance
W. R. Berkley has appointed Michael Connor as president of Continental Western Group, a provider of commercial insurance services. Connor succeeds Bradley Kuster, who will oversee other activities within the WRB group of companies. ...
Tags: Continental Western Group, commercial insurance, insurance service
Global property and casualty insurer ACE has inked a definitive agreement with Ally Financial to acquire ABA Seguros in Mexico for nearly $865m in a cash transaction. Commenting on the deal, ACE chairman and chief executive officer Evan ...
Tags: ACE, Ally Financial, ABA Seguros, acquisition
US insurer American International Group (AIG) has launched a sale proceed in Hong Kong to offload $2bn worth of ordinary shares of AIA by placing it to certain institutional investors. The fund raised by the sale of the proposed shares ...
Tags: AIG, ordinary share, insurance company, insurance
The ACE Group, a provider of insurance and reinsurance services, has appointed Juan Alberto Vélez Arredondo as its new regional president for Latin America, ACE Life. Reporting to ACE Life president Russell Bundschuh, Velez will be ...
Tags: ACE Group, insurance, reinsurance service, insurance service
ACE USA, the US retail operating division of the ACE Group, has named Caroline Clouser as the executive vice president, medical risk & life sciences, with an aim to boost its market share in the US underwriting sector. Clouser will manage ...
Tags: ACE USA, Caroline Clouser, executive vice president, medical risk
ACE USA, the US retail operating division of the ACE Group, has named Caroline Clouser as the executive vice president, medical risk & life sciences, with an aim to boost its market share in the US underwriting sector. Clouser will manage ...
Tags: medical risk, life sciences, market share, Life Sciences division
Pennsylvania-based insurance wholesale broker WN Tuscano Agency has completed acquisition of Special Risk Solutions (SRS), the brokerage division of Utica Mutual Insurance Company. SRS is scheduled to commence operations under the Tuscano ...
Tags: WN Tuscano Agency, Special Risk Solutions, acquisition