Tokio Marine Europe Insurance (TMEI) has appointed two new underwriters in an effort to further strengthen its UK team. The company has hired Stuart Wolstenholme as Property and Liability senior underwriter at the London Underwriting ...
Tags: TMEI, new underwriters, UK team
ING US retirement business will continue to serve as the exclusive third-party administrator for the State of Connecticut Retirement Program, supporting public employees in the city towards building readiness and financial security required ...
Tags: ING US retirement business, State of Connecticut Retirement Program
Chicago-based private equity firm CIVC has disposed of underwriter of vehicle service contracts GWC Warranty (GWC) to Stone Point Capital. Further terms of the transaction have not been disclosed. Headquartered in Wilkes-Barre, ...
Tags: CIVC, private equity firm, GWC
US life insurer MetLife is likely in the process of selling its UK bulk annuities business, MetLife Assurance Limited, in a deal which might be valued around pound 1bn, in a bid to consolidate its operations. The sale is part of the ...
Canadian underwriter Great-West Lifeco has inked an agreement with the government of Ireland to purchase Irish Life Group for $1.75bn and $1.25bn subscription receipts offering for common stock. Following the completion of the ...
Tags: Life Group, Lifeco, Irish Life
Lloyd’s Syndicate A G Dore & Others Syndicate 2526 has introduced a new accident and health (A&H) portfolio for the brokers in the UK. The portfolio will underwrite personal accident and sickness, as well as travel and medical ...
Tags: Lloyd, A G Dore, A&H Portfolio
Broker-sourced specialty property and casualty insurance coverage provider Ironshore has completed acquisition of a managing general underwriter, Excess Risk Reinsurance (ERR), for an undisclosed amount. As part of the acquisition, ERR ...
I’ve often thought there should be a Nobel prize for corporate finance. It would go to the broker or investment bank that managed to place the largest IPO under the most unpromising circumstances. If there were such an award, I think ...
Tags: Nobel Prize, IPO, corporate finance
Property and casualty underwriter ACE Group has started underwriting energy risks through Syndicate 2488 at Lloyd’s of London in an effort to expand its global portfolio. The initiative represents the company's commitment to boost ...
Tags: ACE Group, energy risks, Lloyd
London-based business process and technology service provider Xchanging has introduced a new mobile application for the UK insurance market. Dubbed X-presso, the application enables claims handlers and insurers to view and use claims ...
American International Group (AIG) has rolled out its latest CorporateGuard D&O policy on the pan-European basis, which offers protection against current risks to directors and officers, as well as fulfills growing corporate governance ...
California-based national insurance distribution company Confie Seguros has acquired the Cannello Agency in Niagara, New York and Moose Insurance in Oakland, Florida, in a bid boost its geographical presence. Commenting on the ...
US-based life insurer MetLife has inked a definitive agreement to purchase BBVA’s private pension fund administrator in Chile, AFP Provida (Provida), in a deal valued at almost $2bn. Based on the terms of the deal, the acquirer will ...
Tags: life insurer, underwriter, pension industry
The China Insurance Regulatory Commission (CIRC) has given its approval to the sale of HSBC’s remaining $7.4bn stake in Ping An Insurance to Charoen Pokphand Group (CP Group) in Thailand. CP Group's indirect wholly-owned ...
Property and casualty underwriter ACE has registered net income of $765m or $2.22 per share, for the fourth quarter of 2012, up by 4% from $735m or $2.15 during the same quarter last year. Income excluding net realized gains or losses ...
Tags: Property underwriter, casualty underwriter, reinsurance