Fairfax Financial Holdings has completed the acquisition of Bermuda-based specialty insurance company American Safety Insurance (ASI). Under the terms of the transaction, for each common share of American Safety its shareholders will ...
Commonwealth Annuity and Life Insurance Co, a subsidiary of Global Atlantic, has acquired Aviva USA’s life insurance business following receipt of all necessary regulatory approvals. Global Atlantic Financial Group is a multiline ...
Tags: Life Insurance
French diversified financial service conglomerate SCOR Group has acquired the US life reinsurance business of Italy-based insurer Generali Group, for total gross proceeds of $910m in a combination of cash and collateral. The acquisition, ...
Tags: SCOR Group, Life Reinsurance
Multiline insurance and reinsurance company Global Atlantic Financial Group has signed an agreement to buy Forethought Financial Group, a US-based financial services company with life insurance and annuity operations. Pending regulatory ...
Tags: insurance, reinsurance
Bermuda-based AXIS Capital has set up a new syndicate to expand its global underwriting platform, and provide access to Lloyd’s worldwide licenses and distribution network. Named AXIS Syndicate 1686, will be managed by Asta Managing ...
Tags: Insurance, Underwriting Syndicate
Bermuda-based specialty insurer Arch Insurance Group has rolled out increased limits product of up to $5m on its General Liability coverage in the newly formed Contract Binding Operations. Currently, the Arch Contract Binding Operations ...
Tags: Eastern Insurance
Sun Life Financial's US business group has introduced a new Stop-Loss Cancer rider, to help employers better protect themselves and their employees against the costs of cancer treatment. The insurer said that the rider offers an enhanced ...
Tags: Sun Life, Cancer Costs
Brit Group Specialty, an Amsterdam-based global specialty insurance and reinsurance firm, is all set to expand its distribution network in Bermuda with the opening of new branch office. The new office, which is subject to regulatory ...
Tags: Brit Group, Distribution Network
Endurance Specialty Holdings, a Bermuda-based provider of property and casualty insurance and reinsurance, is to expand its Asia Pacific reinsurance business with the addition of its Singapore-based Global Catastrophe Reinsurance (GCR) ...
RenaissanceRe Holdings, a Bermuda-based reinsurer of natural and man-made catastrophes, has signed a deal with Munich Re to sell its American weather and energy risk management unit, RenRe Energy Advisors (REAL). REAL offers a wide range ...
Tags: RenaissanceRe, Munich Re
The shareholders of American Safety Insurance Holdings (ASI) have approved the agreement and plan of merger of the company with Fairfax Bermuda Holdings. The agreement was signed on 2 June 2013, whereas it was amended on 7 August 2013. ...
Tags: Safety Insurance, Fairfax
Bermuda-based global diversified insurance and reinsurance holding company Tower Group International (TWGP) has terminated its agreement to acquire American Safety Reinsurance (ASRe), from Fairfax Financial. Without disclosing reasons for ...
Tags: Tower Group, diversified insurance
Apollo Global Management (Apollo) has agreed to provide a set of heightened policyholder protections as part of Athene Holding's proposed acquisition of Aviva Life and Annuity Company of New York (Aviva New York). The New York's ...
Tags: Apollo, Policyholder Protections
Insurance management services provider Kane SAC has launched its new independent private catastrophe bond platform, the Kane SAC Note Program. The company also issued series 1-2013 notes, which have been listed on the Bermuda Stock ...
Global risk advisor, insurance and reinsurance broker Willis Group has named Michael Harden as the new CEO of Willis Re Bermuda, effective from 1 January 2014. Currently serving as chairman of Willis Re Australia, Harden has experience in ...
Tags: Bermuda Operations, Willis Re