French luxury men’s swimwear and beachwear brand Vilebrequin, after launching a capsule collection for women last summer, is set to launch a 30-piece line of women’s swimwear and ready-to-wear in November, 2013. The luxury ...
Tags: Luxury Swimwear, Womenswear
RGA Reinsurance Company has been granted a preparatory license by the China Insurance Regulatory Commission (CIRC) to operate a licensed life reinsurance branch in Shanghai, China, which is likely to be fully operational within one year. ...
Insurance holding company Assured Guaranty (AGO) has inked a settlement agreement with Flagstar Bank, for violation of representations and warranties (R&W) in insured residential mortgage-backed securities (RMBS). The insurer will receive ...
Tags: Flagstar Bank, Service, AGO
Global insurance and reinsurance company XL Group's Bermuda Professional Lines Unit has introduced a new Wage & Hour Liability insurance product to help new and existing clients to better manage their risks from employee compensation and ...
Bermuda-based Enstar Group (ESGR) has signed definitive agreements with Arden Holdings to acquire Atrium Underwriting Group and Arden Reinsurance Company for approximately $183m and $79.6m respectively. Enstar CEO Dominic Silvester said, ...
Tags: Enstar, Arden Reinsurance
Italy-based underwriter Generali Group has entered into an agreement to dispose of its US life reinsurance business to SCOR, in a deal valued at nearly $920m in a grouping of cash and collateral. Under the terms of the transaction, nearly ...
Tags: Generali, Life Reinsurance
Tower Group International (TWGP) has inked a deal to purchase American Safety Reinsurance (ASRe), the Bermuda-based reinsurance firm, from Fairfax Financial, at a total consideration of nearly $59m. After completion of the transaction, ...
Tags: Tower Group, Fairfax Financial
Sun Life Financial has reported operating net income from continuing operations of $448m for the first quarter of 2013, compared to $437m during the comparable period last fiscal. Reported net income from continuing operations stood at ...
Tags: Sun Life, Financial report
Markel Corporation, a US based financial holding company, has completed purchasing Bermuda-based Alterra Capital in a deal valued at nearly $3.13bn in a cash and stock deal. Originally signed on 19 December 2012, the transaction was ...
Tags: Markel, Alterra Acquisition
Allied World Assurance Company Holdings (AWH) has registered net income of $159m, or $4.49 per diluted share, for the first quarter of 2013, against $218.2m, or $5.70 per diluted share, during the year ago period. For the quarter period ...
Tags: Allied World Assurance, Service
XL Group has announced new additions to its primary casualty, excess casualty, marine, construction and regional management teams in Atlanta, expanding and boosting its insurance underwriting operations. XL Group North America regional ...
A unit of Aspen Insurance Holdings Limited (AHL), Aspen Reinsurance (Aspen Re) has established a new division, known as Aspen Capital Markets, to expand its footprint in the alternative reinsurance market. Aspen Re chief executive officer ...
Tags: Aspen Re, Capital Markets
London-headquartered diversified financial conglomerate HSBC is gearing up to offload its general insurance business in Macau, as part of its strategy to get rid of unprofitable businesses across the globe. One of its indirect wholly ...
Canada-based Sun Life Financial and Khazanah Nasional in Kuala Lumpur have completed the acquisition of CIMB Aviva Assurance and CIMB Aviva Takaful after receiving regulatory approvals in Malaysia and Canada. CIMB Aviva Assurance is a ...
Tags: Sun Life, CIMB Aviva
Aurigen USA Holdings has acquired Brokers National Life Assurance from Ameritas Life Insurance, following the receipt of approval from concerned regulatory bodies. Financial terms of the transaction remain undisclosed. Originally inked ...
Tags: Aurigen Capital, Life Assurance