Nonlife insurance group Randall & Quilter Investment (R&Q) has acquired entire issued share capital of Hickson Insurance Limited (HIL). The acquirer purchased the shares for pound 525,000, from owner Hickson Investments, (an affiliate of ...
Tags: Nonlife insurance, R&Q, HIL
Everest Re Group has established a new Bermuda domiciled special purpose reinsurer, Mt. Logan Re, to provide collateralized capacity to the worldwide property catastrophe reinsurance market. With an initial funding of $50m, the company ...
Tags: reinsurer, reinsurance market, Everest Re, reinsurance marketplace
American International Group(AIG)has inked a$400m reinsurance transaction with Compass Re to provide peak-zone protection against US hurricanes and earthquakes. In order to fund its potential obligations to AIG,Compass Re has also issued ...
Tags: AIG inks, 400m dollars reinsurance coverage, deal with Compass Re
Arch Capital Group (ACGL) has successfully completed Canadian insurance and reinsurance operations domestication under a new legal entity named Arch Insurance Canada Ltd. (Arch Canada). Since 2005, Arch Canada has been operating as ...
Tags: Arch Capital Group, Arch Canada, ACGL, insurance, reinsurance operations
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
Bermuda-based RenaissanceRe has established a new Bermuda domiciled special purpose insurance vehicle, Upsilon Reinsurance II (Upsilon Re II), to offer additional capacity to the reinsurance market worldwide. The new special purpose ...
Tags: Renaissancere, Special Purpose Insurance, Insurance, Service
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
Bermuda-based Athene Annuity & Life Assurance Company (Athene Annuity) has completed the acquisition of US-based Presidential Life, which markets and sells various fixed annuity, life insurance and accident and health insurance products. ...
Tags: Athene Annuity, Presidential Life, annuity, life insurance
ACE Tempest Re, the global reinsurance business of the ACE Group, has appointed David Mann as senior underwriter, structured and medical malpractice reinsurance, effective from 1 January 2013. Based in London, Mann in his new role will be ...
Tags: ACE Tempest Re, reinsurance, ACE Group, insurance
Qatar Insurance Group is planning to establish a holding company in an effort to further expand its current operations in both insurance and non-insurance sectors. Subject to approval from the general body meeting and concerned ...
Tags: Qatar Insurance Group, holding company, current operations
Randall & Quilter Investment Holdings (R&Q) has completed purchase of the entire issued share capital of LINPAC Insurance Company Limited (LICL) from LINPAC Finance for a cash consideration of 450k from existing resources. LICL is a ...
Tags: Quilter, Insurance Company, LICL, Insurance
UK-based insurer Aviva has agreed to sell its US life and annuities business and associated asset management operations Aviva US to Bermuda-based Athene for $1.8bn. The deal, however, will not include Aviva Investors' North American asset ...
Tags: Aviva, Athene, insurer, annuities business, associated asset management
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
bloom’s NEW 100% luxurious cotton lollipop bedding range is now available - offering baby a soft, natural and healthy sleeping environment with a colourful and retro twist. The vibrant retro pattern is available in three colours ...
Tags: lollipop bedding, cotton product, Bloom's
A Bermuda holding company American Safety Insurance (ASI) has launched an enhanced version of its Site Pollution Impairment Legal Liability (SPILL) package policy, to cover exposures from sudden and gradual releases of pollutants from ...
Tags: ASI, SPILL, Package Policy