Washington-based western-regional surplus lines brokerage and managing general agent (MGA), Cochrane & Company has completed acquisition of Prowest Insurance Services for an undisclosed amount. As part of the transaction, Prowest will ...
Tower Group International (TWGP) has inked a deal to purchase American Safety Reinsurance (ASRe), the Bermuda-based reinsurance firm, from Fairfax Financial, at a total consideration of nearly $59m. After completion of the transaction, ...
Tags: Tower Group, Fairfax Financial
XL Group has unveiled a new Reinsurance Global Emerging Markets unit to benefit development in reinsurance markets. Led by Philippe Rochaix, who is currently in charge of the Latin America Reinsurance operations, the unit will form part ...
Tags: XL Group, Emerging Markets
Specialty insurer HCC Insurance Holdings has established a new ‘Construction Property Risks Division’ with an aim to boost its underwriting capability in builder's risk insurance. Francis P Tricamo, Sr has been appointed to ...
Tags: Insurance, Property Risks
Digital Insurance, a US-based employee benefits-only agency, has signed a license agreement with Dominion Analytics to implement an assortment of analytical tools to enable employers assess, compare and gain more value from their benefits ...
Dutch-based specialty insurance business ANV has unveiled a newest line of business, Transaction Risk Insurance (TRI), intended to deliver locally compliant products in local languages for different regions. The company offers warranties ...
Tags: specialty insurance, Tri Line
US specialty underwriter, Victor O. Schinnerer & Company has introduced a new, stand-alone workers compensation program for small to midsize companies. Scheduled to be offered through an "A-rated insurance carrier" for companies with ...
Tags: Schinnerer, Stand-Alone Workers
Cincinnati-based American Modern Insurance Group has joined travel insurance underwriting team of US Online comparison site. American Modern currently provides three Compass Series policies that are available only through ...
Tags: American Modern, Tripinsurance.com
Marshall & Swift/Boeckh (MSB) has signed a strategic partnership agreement with Weather Fusion to help insurance carriers to proactively identify pre-existing hail damage on new business and renewal portfolio. The partnership will deliver ...
Tags: MSB Partners, Weather Fusion
Growth in home sales and prices is contributing to a broader improvement in the overall economy, aided in part by current homeownership tax treatment, according to presentations at a residential real estate forum during the Realtors Midyear ...
Tags: Housing, Economy, Construction&Decoration, mortgage interest
Eastern Alliance Insurance and Westfield Insurance have jointly formed a multi-line captive program, known as EastWest Alliance, for mid-to large-size employers. Westfield Mid-Market leader Steve Fisher said, "The EastWest Alliance ...
Switzerland’s multi-line insurance provider Zurich Insurance Group has reported a business operating profit (BOP) of $1.4bn and net income attributable to shareholders (NIAS) of $1.1bn for the three months ended on 31 March 2013. ...
Tags: Zurich Insurance, Insurance
The shape of homeownership and housing markets has changed dramatically over time and will continue to change in the face of new housing opportunities and challenges. That’s according to panelists at the “Challenges and ...
Tags: Housing Market, Opportunities
ACE Group, a multiline property and casualty insurer, has introduced a suite of surety products for the Italian market, in an effort to continue expansion of its international capabilities in the Continental Europe region. Supported by ...
Tags: ACE, Surety Products
Crown Alliance Capital (CACL), a senior life settlement company, has signed a memorandum of understanding (MoU) with American Medical Capital for non-exclusive sourcing of life insurance portfolios. Besides setting forth a series of ...
Tags: CACL, Life Insurance