Aspen Insurance has formed a specialty marine, energy and construction unit within its US business, which will underwrite various onshore energy and construction sector businesses. Based in the US, the new operation will focus on property ...
HSBC Insurance (Singapore) has agreed to dispose of its group term life insurance and group medical insurance portfolios in Singapore to AXA Life Insurance Singapore, for an undisclosed sum. According to the underwriter, the gross asset ...
Tags: HSBC, Medical Insurance, Insurance
A wholly-owned subsidiary of Bermuda-based Enstar Group (ESGR) has acquired HSBC Insurance Company of Delaware and Household Life Insurance Company of Delaware as well as its three subsidiary insurers from Household Insurance Group Holding ...
PartnerRe, a provider of diversified reinsurance services, has established a new reinsurance sidecar facility, called Lorenz Re, to offer additional capacity to a number of its customers. Capitalized with $75m through the issuance of ...
Argo Group International, a Bermuda-based underwriter of specialty insurance and reinsurance products, has appointed Thomas A. Poland as vice president. Based in Colony Specialty's Alpharetta, Georgia office, Poland will lead the Colony ...
Insurance holding company Assured Guaranty has reported net income $110m, or $0.57 per share for the year 2012, compared to $773m or $4.16 per share during the same period last fiscal. The decline in the net income was primarily due to ...
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 ...
US investment banking and securities firm Goldman Sachs Group has disposed of its 75% stake in the Bermuda-based insurance and reinsurance company Ariel Re, for an undisclosed sum. Sources familiar with the matter were quoted by the ...
Tags: investment banking, stake, insurance
Randall & Quilter's underwriting agency, R&Q MGA has established a Lloyd's consortium to offer insurance coverage for global yacht and small vessel owners. Managed by R&Q Marine Services, the Yacht and Small Vessel Consortium 9977 will be ...
Tags: Randall&Quilter, R&Q MGA, Lloyd
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
A wholly-owned subsidiary of Bermuda-based Enstar Group (ESGR) has acquired SeaBright, a multi-jurisdictional workers' compensation insurance company, as part of an agreement originally proposed in August 2012. Based on the terms of the ...
Tags: Enstar Group, SeaBright, workers'compensation insurance
CUNA Mutual Group and the Arizona Department of Insurance (DOI), receiver for PMI Mortgage Insurance Co (PMI), have inked an agreement to support the future development of CMG Mortgage Insurance Company (CMG MI). Based on terms of the ...
Tags: CUNA Mutual Group, DOI, PMI, CMG MI
Bermuda-based AXIS Capital has reported net income available to common shareholders of $495m, or $4 per diluted common share for the year 2012, against $9m or $0.07 per share during the same period earlier year. The increase in net income ...
PVI Sun Life Insurance has received regulatory approval from both Vietnam and Canada regulators to operate its life insurance business in Vietnam. Set up as a joint venture (JV) between PVI with 51% stake and Sun Life Assurance Company of ...
UK-based underwriting subsidiaries of Catlin Group Limited (CGL) have rolled out a new terrorism insurance product UK Asymmetric, which includes unique crisis response services as well as coverage for chemical, biological, radiological and ...