First Capital-AWIS and Hudson Insurance Group have jointly launched new insurance services professional liability primary and excess facility for brokers and policyholders. Underwritten by Hudson and administered exclusively by First ...
Tags: First Capital, Liability Facility
The Guarantee Company, a specialty insurance provider in North America, has selected OneShield’s Dragon platform as its new enterprise standard for policy, rating and billing system. Replacing multiple legacy core systems and ...
Tags: Dragon Platform, Guarantee Company
XL Group will offer Shariah compliant insurance cover to large corporate and middle market clients, targeting market on a global basis, excluding the US and Canada. Offered through underwriting agency Cobalt Underwriting, the new ...
Tags: XL, Compliant Insurance
Couch Braunsdorf, an Assurex Global Partner, has announced two promotions in an effort to support the company's expansion across the country. Christopher Baker has been promoted to the position of manager for Personal Lines Department of ...
Tags: Couch Braunsdorf, Expansion
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
Global property and casualty insurer ACE has completed the acquisition of Mexican personal lines insurer ABA Seguros from Ally Financial for nearly $690m in cash, after offering a $175m pre-closing dividend to the seller. The definitive ...
Tags: casualty insurer, ABA Seguros
StoneRiver, an insurance technology partner with solutions across multiple business lines, has signed a value-added reseller agreement to distribute PilotFish software and provide associated integration services. The agreement will also ...
Tags: Stoneriver, Pilotfish
ACE Insurance, a unit of the ACE Group of insurance and reinsurance companies, has appointed Tim Shields as the new president director of PT Asuransi Jaya Proteksi, (Japro). Following completion of transaction, subject to regulatory ...
Tags: ACE Insurance, Service
Aon has reported net income attributable to its shareholders of $261m, or $0.82 per share, with an increase of 10%, compared to $238m, or $0.71 per share, during the same period earlier year. For the three months ended on 31 March 2013, ...
Tags: Aon, Net Income
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
Alan Gray (AGI) has signed a partnership agreement with Willis Group subsidiary, Willis North America, for provision of claim closure solutions to the insurance market. Claim closure services jointly offered by AGI and Willis' Claim ...
Brit Global Specialty USA (BGSU), a US based service company of Brit Insurance, has completed a temporary 100% quota share reinsurance of Maiden Holdings' Excess and Surplus (E&S) division, Maiden Specialty. As part of this arrangement, ...
Tags: Brit Global, Maiden Specialty
Property and casualty insurer ACE has reported net income of $953m during the first quarter of 2013, with a decrease of 2% compared to $973m during the corresponding period earlier year. For the latest quarter period ended on 31 March ...
Tags: ACE, Net Income
ACE Medical Risk Group has teamed up with Trust Risk Management Services (TRMS) to provide admitted professional and general liability policy, designed to offer insurance protection to individuals and small groups of allied healthcare ...
Tags: ACE Partners, Liability Coverage
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