Construction has commenced on the new stainless steel project of Henan Province-based Chinese stainless steel producer Xuyuan Group, as reported by local media sources on March 19. Total investment in the project, which is based in ...
Poland-based Warta Insurance and Reinsurance Company has selected Guidewire Software’s Guidewire ClaimCenter as its new claims management system, to achieve their strategic business and customer service objectives. Warta will use ...
Tags: Warta Insurance, Reinsurance, claims service
The Commission is today able to report about some success in its strategy to fight global trade barriers. The efforts of the European Commission to fight protectionism over the last year bear fruit and could create better trade and ...
Tags: EU Reports, economy
UK insurance firm Amlin has completed acquisition of RaetsMarine, a Rotterdam-based underwriting agency for $65m, as part of a strategy to grow its Marine business. Payment will be divided between 50% cash and 50% new Amlin shares, with ...
Tags: Amlin, RaetsMarine, insurance
Hong Kong reinsurer, Peak Reinsurance (Peak Re) has selected AIR Worldwide's catastrophe modeling solutions to manage its catastrophe risk in the Asia-Pacific market. Equipped with a comprehensive catalog of simulated storms, the ...
New York-based private equity firm Southport Lane has acquired property and casualty insurer Dallas National Insurance in Texas, for an undisclosed sum. As per terms of the agreement, which was originally signed in May 2012, the acquirer ...
Tags: National Insurance, insurer, Insurance
US insurance holding company WR Berkley has established a new underwriting business, Berkley Fire & Marine Underwriters, to concentrate on inland marine and related property risks regionally and nationwide. The products and services of ...
Tags: WR Berkley, insurance, Fire and Marine Underwriters Unit
First Solar Inc of Tempe, AZ, USA – which manufactures thin-film photovoltaic (PV) modules based on cadmium telluride (CdTe) as well as providing engineering, procurement & construction (EPC) services – has joined Munich-based ...
Tags: First Solar, photovoltaic, PV
Aurigen Capital has signed a definitive agreement to acquire Brokers National Life Assurance Company from Ameritas Life Insurance. Under the terms of the agreement, Aurigen Capital's unit Aurigen USA will buy Brokers National Life ...
New York base reinsurer, Transatlantic Holdings (TransRe) has appointed Robert Saville as the new senior vice president and head of Underwriting for the Asia-Pacific region. Saville, who holds more than 22 years of reinsurance experience, ...
Tags: Underwriting Head, Singapore Operations, Transatlantic Holdings
The Co-operators Group, a multi-product insurer, has selected Guidewire Software’s Rating Management and Reinsurance Management solutions. Guidewire Reinsurance Management will manage Co-operators Group's ceded property/casualty ...
Tags: The Co-Operators, Additional Guidewire Solutions, Guidewire Reinsurance
Allied World US, a unit of Allied World Assurance Company Holdings (AWH), has introduced a new surety line of business for clients in the US. The company has also appointed Robert Staples as senior vice president, Surety and will report ...
Tags: Allied World US, AWH, new surety line
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 ...
Liberty Mutual Insurance has added the new View Status function to its MyLibertyMobile application to help its group life and disability policyholders to provide their employees with a convenient way to view leave time and claim details on ...
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