International insurance brokerage Arthur J Gallagher & Co has purchased Aires Consulting Group, a licensed professional architectural and engineering firm, in an undisclosed deal. As per terms of the agreement, Gordon Padera, executive ...
Tags: International insurance, Arthur J Gallagher, executive vice president
International insurance brokerage Arthur J. Gallagher & Co. (AJG) has purchased SRS Underwriting Agency in Brisbane, Australia, in an undisclosed transaction. As part of the deal, Gallagher's underwriting group in Australia will be lead ...
Tags: Arthur J.Gallagher, brokerage, international insurance
The International Association of Insurance Supervisors has presented a draft proposal for the Supervision of Internationally , or ComFrame, with an aim to harmonize the international insurance practices on global basis. Headquartered in ...
Tags: IAIS, new regulation, insurance industry
Argo Group International Holdings' Dubai-based subsidiary, Argo Re (DIFC) has hired Jason Dsouza as a casualty and professional lines underwriter. Dsouza will directly report to Argo Re (DIFC) chief underwriting officer, Lina Hantas. ...
The former CEO of GreenWood International Insurance Services Daniel G Boisvert has established a new insurance distribution company GW Global Insurance. The newly floated underwriter will cater retail agents and brokers with a ...
Tags: GreenWood International Insurance Services, Daniel G Boisvert
Bermuda-based reinsurance specialist Validus Holdings has appointed Mahmoud Abdallah to its board of directors with immediate effect, expanding the board to ten members. Validus chairman and chief executive officer Ed Noonan said: ...
Tags: reinsurance specialist, Validus Holdings, Mahmoud Abdallah
GreenWood International Insurance Services (GWI), a wholly owned subsidiary of Pan-American Insurance, has named Joseph Sullivan as its chief executive officer. Sullivan will succeed Daniel Boisvert, who has stepped down after floating a ...
The MGIS Companies (MGIS) has announced the sale of medical-professional liability insurance retail brokerage unit, MGIS Property & Casualty Insurance Services (MGIS P&C) in an effort to focus on its specialised insurance underwriting and ...
Tags: MGIS, medical professional liability insurance, liability insurance
Insurance and reinsurance firm XL Group has appointed Alfred Bergbauer as head of multinational casualty in North America. In his role, Bergbauer will report to Ken Riegler, president of XL Group's North American Primary Casualty group ...
Tags: XL Group, Alfred Bergbauer, multinational casualty, casualty
Aspen Insurance Holdings has reshaped the management of its insurance segment in order to hold a firm grip in the underwriting industry. The company has appointed its current co-CEO Rupert Villers as chairman of Aspen Insurance and ...
Tags: Aspen Restructures, Aspen Insurance Holdings, insurance segment
Vienna Insurance (VIG) has posted a profit (before taxes, consolidated) of €301.7m for the first half of 2012, up by almost 7% compared to the profit earned last year during the same period, primarily due to growth in premium income ...
Tags: Insurance, profit, premium income, Vienna Insurance Group
HCL is in talks with DLF Pramerica Life Insurance to acquire 51% stake, a move that will allow the latter to foray into the Indian insurance market. DLF Pramerica Life Insurance is joint venture between DLF and Prudential International ...
Tags: HCL, DLF Pramerica Life Insurance, acquisition, Indian insurance market
The ACE Group has hired Timothy O’Donnell as executive vice president of financial lines for its international insurance operations, effective 1 June 2012. In this role, O'Donnell will be responsible for the company's directors and ...
Tags: ACE Group, Timothy O'Donnell, executive vice president
New Jersey-based Prudential Financial has reported first-quarter net loss for its financial services business at $988m or $2.09 per share, compared to net income of $539m or $1.10 per share during the same period in 2011. Financial ...
Tags: Prudential Financial, financial service, net income, quarter 1, finance
Prudential Financial, a diversified US financial conglomerate net income has boosted by 182% to $2.2bn for the second quarter of 2012, against a net income of $779m during the year ago quarter. For the latest quarter period, its net ...
Tags: Prudential Financial, net income, quarter 2, financial conglomerate