Xuber, Xchanging’s insurance software business, has been selected by Everest Reinsurance Company (“Everest Re”) to implement Xuber for Reinsurers in place of its existing legacy system. The deal marks the first customer to ...
International financial services organization Goldman Sachs Group has divested a majority stake in its UK pension insurance business Rothesay Life to a group of companies. Based on the release by the company, Singapore wealth fund GIC and ...
Tags: Goldman Sachs, Rothesay Life
Global specialty property and casualty insurer and reinsurer, Catlin Group has chosen Guidewire InsuranceSuite as its new platform for rating, underwriting and policy administration, claims management, and billing. As part of a plan to ...
Tags: Catlin Group, Insurancesuite
Zurich-based Swiss Reinsurance (Swiss Re) is reportedly looking for viable options to divest Aurora National Life Assurance Co, as the company seeks to exit the US life and health insurance market. People familiar with the matter were ...
Tags: Life Insurance, Swiss Reinsurance
Randall & Quilter Investment Holdings Ltd (‘R&Q’ or the ‘Group’) is pleased to announce that it has acquired the entire issued share capital of Flagstone Alliance Insurance and Reinsurance LTD (‘FAIR’), a ...
TransRe, a global reinsurer wholly owned by Alleghany, has selected MetricStream to provide a consolidated approach for an integrated, flexible solution for its risk and compliance management needs. MetricStream's federated information ...
Tags: TransRe, MetricStream Software
SCOR Global Life Americas (SGLA), a reinsurance solutions provider, has appointed Scott Boug as senior vice president for Financial Solutions and deputy head of SCOR Global Life Financial Solutions. Scott will lead the structuring ...
RenaissanceRe Holdings, a Bermuda-based reinsurer of natural and man-made catastrophes, has signed a deal with Munich Re to sell its American weather and energy risk management unit, RenRe Energy Advisors (REAL). REAL offers a wide range ...
Tags: RenaissanceRe, Munich Re
Bermuda-based global diversified insurance and reinsurance holding company Tower Group International (TWGP) has terminated its agreement to acquire American Safety Reinsurance (ASRe), from Fairfax Financial. Without disclosing reasons for ...
Tags: Tower Group, diversified insurance
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
General Insurance Corporation (GIC Re), the Indian government owned sole reinsurer, is seriously considering expanding reinsurance business beyond domestic boundary through the acquisition of some Lloyd’s syndicates. Speaking at a ...
Tags: GIC Re Eyes, Service, Syndicates
Aurigen USA Holdings has acquired Brokers National Life Assurance from Ameritas Life Insurance, following the receipt of approval from concerned regulatory bodies. Financial terms of the transaction remain undisclosed. Originally inked ...
Tags: Aurigen Capital, Life Assurance
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 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
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