Arthur J. Gallagher & Co. (AJG), an insurance brokerage and risk management services firm, has acquired Alabama-based Whitehaven Insurance Group for an undisclosed amount. AJG chairman, president and CEO J. Patrick Gallagher said, "Their ...
Tags: Arthur J.Gallagher&Co., insurance brokerage, risk management services
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
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
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
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 Navigators Group, a US-based insurance company focusing on specialty products within the overall property/casualty insurance market, has selected Saul Basch to its board of directors. The Navigators Group president and chief executive ...
Tags: Navigators Group, Stanley Galanski, director, insurance
The net income of private US property/casualty underwriters increased to $16.4bn in the first-half of 2012, as against $4.8bn during the same period in 2011. According to a report by US property-casualty insurance analyst firm ISO, the ...
Tags: net income, insurance analyst, ISO, profitability of insurer
Hastings Mutual Insurance, a regional property/casualty insurance carrier in the Midwest, has appointed William (Bill) Gregor as its new vice president of insurance operations. Gregor is currently serving as the assistant vice president ...
Tags: Hastings Mutual Insurance, insurance company, William Grego
Hastings Mutual Insurance, a regional property/casualty insurance carrier in the Midwest has welcomed new president, CEO, and chairman, Joseph Babiak Jr. According to the underwriter, Babiak joined Hastings Mutual in 2001 as the chief ...
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US based insurance brokerage and risk management firm Marsh & McLennan Agency (MMA) has purchased Massachusetts based The Protector Group Insurance Agency, in an undisclosed deal. Acquisition of the aforesaid firm, which provides ...
Tags: MMA, Massachusetts, takeover, insurance srvice, insurance
Liberty Mutual and its subsidiaries reported a net income of $139m and $598m for the three and six months ended 30 June 2012, with an increase of $318m and $413m over the same periods in 2011. Net income attributable to LMHC for the ...
Tags: Liberty Mutual, net income, insurance, quarter2
US-based commercial insurance holding company, W R Berkley has promoted Andrew Tuma as the new president of Berkley Surety Group with immediate effect. Tuma recently served as the company's executive vice president and chief operating ...
Tags: commercial insurance, surety, contract surety, commercial surety
W. R. Berkley has appointed Scott Mansolillo as vice president –chief compliance officer, to provide technical expertise and advice on a consultative basis to the firm's operating units. Mansolillo will provide technical expertise ...
Tags: W.R.Berkley, vice president, insurance holding, specialty insurance