Allied World US, a unit of Allied World Assurance Company Holdings (AWH), has introduced a new surety line of business for clients in the US. The company has also appointed Robert Staples as senior vice president, Surety and will report ...
Tags: Allied World US, AWH, new surety line
US based financial holding company Markel’s planned purchase of Bermuda-based Alterra Capital in a deal valued nearly $3.13bn in cash and stock, has received approval from the shareholders of both firms. The transaction, originally ...
International specialist insurer Hiscox has introduced Hiscox Professional Liability Portfolio to offer tailor made policy forms for its customers. The newly launched product provides customised policy forms for certain client segments ...
Tags: International specialist insurer, Hiscox, Portfolio Product
American Financial Group has reported net earnings attributable to shareholders of $50m, or $0.54 per share for the fourth quarter of 2012, against $109m, or $1.09 per share during the same period earlier year. The P&C specialty insurance ...
Tags: American Financial Group, net earnings, 2012
Commercial lines writer W R Berkley has established a new underwriting firm, Berkley Southeast Insurance Group, to offer commercial insurance services and expertise in six southeastern states in the US. Based in Atlanta, Georgia, the new ...
Tags: Insurance Group, underwriting firm, insurance products
Allied World Financial Services,a subsidiary of Allied World Assurance Company,has agreed to acquire a minority ownership interest in a privately held asset management firm Crescent Capital Group. Further terms of the transaction have not ...
Tags: Allied World Financial Services, minority stake in Crescent Capital
Argo Group International Holdings, a Bermuda-based underwriter of specialty insurance and reinsurance products, has established the first sidecar for the 2013 accident year. Named Harambee Re 2013-1, the newly set up sidecar, will support ...
Tags: Argo Group, insurance products, reinsurance products, insurance
Insurance broker Bolton & Company has completed acquisition of independent insurance agency, Preferred Specialty Insurance Services, effective from 31 December 2012. Following the completion of the transaction, Preferred Specialty ...
Tags: Insurance Services, Insurance, Bolton, insurance agency
International property and casualty insurance holding company Markel has purchased Essentia Insurance Company from OneBeacon Insurance Group, for an undisclosed amount. Financial terms of the transaction have not been disclosed by the ...
Tags: Markel, Essentia Insurance Company, Insurance Group, insurance
US based diverse financial holding company Markel has inked a definitive agreement to acquire Bermuda-based Alterra Capital in a deal valued nearly$3.13bn in cash and stock. Based on a closing price of$486.05 for Markel common stock on 18 ...
Tags: Markel, acquisition, Alterra
Alterra Capital Holdings, a provider of insurance and reinsurance products, has increased its total capital committed to New Point V Limited to $247m. The sidecar vehicle was established by the company in June 2012 with a capital of ...
Tags: insurance and reinsurance products, sidecar vehicle, additional capacity
Specialty insurance brokerage firm Alliant Insurance Services has added three risk management and insurance producers in its New York City office to oversee its new group,Asia Strategic Resources(ASR). The new operation specializes in ...
Tags: Asia Strategic Resources Group, senior vice president Ryad Dahbi
ArgoGlobal SE,a subsidiary of Argo Group International Holdings has received approval from Spain and France regulators to carry out underwriting businesses through their branches. ArgoGlobal SE will now provide primary and excess ...
ProSight Specialty Underwriters has appointed Ciaran O'Donnell as its Finance Director,effective immediately. O'Donnell served as finance director for several international insurance companies and the Lloyd's market and most recently he ...
HCC Global Financial Products (HCC Global) has introduced an international HCC branded Kidnap and Ransom (K&R) insurance product in collaboration with HCC Specialty. K&R insurance policies are scheduled to be provided to HCC Global's ...
Tags: HCC Global Financial Products, health insurance, insurance product