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specialty property
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Lloyd Agree Ironshore's Pembroke to Manage Acappella Syndicate 2014
Dec 6, 2013Pembroke Managing Agency of Ironshore has been granted permission by Lloyd's to manage a new syndicate for the 2014 year of account. Called Acappella Syndicate 2014, the new entity with a £75m stamp capacity is planning to raise ...
Tags: Service
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Catlin Group Has Chosen Guidewire Insurancesuite as Its New Platform
Oct 17, 2013Global 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
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AmTrust Financial Services Has Inked a Contract to Acquire The Insco Dico Group
Sep 19, 2013New York-based multinational insurance holding company AmTrust Financial Services has inked a contract to acquire the Insco Dico Group, in a transaction worth nearly $85m. Funded through existing working capital, the acquisition is ...
Tags: Service
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AmTrust Financial Has Purchased MIHC and its subsidiary, FNIC
May 17, 2013Multinational insurance holding company AmTrust Financial Services has purchased Mutual Insurers Holding Company (MIHC) and its subsidiary, First Nonprofit Insurance Company (FNIC). Headquartered in Chicago, Illinois, FNIC offers low ...
Tags: insurance carrier, insurance
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AmTrust Financial Completed The Acquisition of Sequoia Insurance and Its Subsidiaries
Apr 24, 2013Multinational insurance holding company AmTrust Financial Services has completed the acquisition of Sequoia Insurance and its subsidiaries, Sequoia Indemnity and Personal Express Insurance (Sequoia), for a consideration of nearly $60m. ...
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AmTrust Financial Inked an Agreement with The UK-Based CPP Group to Acquire CPPNA
Apr 22, 2013Multinational insurance holding company AmTrust Financial Services has inked an agreement with the UK-based CPP Group to acquire CPPNA for approximately $40m. Headquartered in Saint Louis Park, Minnesota, CPPNA provides administrative ...
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ACE Unveiled Agriculture Property, Known as ACE Agribusiness
Apr 15, 2013ACE Group, a multiline property and casualty insurer, has unveiled a new agriculture property and casualty insurance business, known as ACE Agribusiness, in a bid to further reinforce its presence in the sector. The newly established ...
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PartnerRe Established a New Reinsurance Sidecar Facility, Called Lorenz Re
Mar 27, 2013PartnerRe, a provider of diversified reinsurance services, has established a new reinsurance sidecar facility, called Lorenz Re, to offer additional capacity to a number of its customers. Capitalized with $75m through the issuance of ...
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Assurant and Subsidiaries Have Reached an Agreement with The New York Department
Mar 25, 2013Assurant, and subsidiaries American Security Insurance Company (ASIC) and American Bankers Insurance Company of Florida (ABIC), have reached an agreement with the New York Department of Financial Services (NYDFS) over lender-placed ...
Tags: Security Insurance, insurance, American Bankers Insurance
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AmTrust's Group Purchased CCPH From Ally Insurance Holdings,in a Deal Valued at $70m
Mar 4, 2013IGI Group, a wholly owned subsidiary of global insurance holding company AmTrust Financial Services, has purchased Car Care Plan (Holdings) (CCPH) from Ally Insurance Holdings, in a deal valued at nearly $70m. Commenting on the ...
Tags: IGI Group, global insurance, AmTrust Financial Services, CCPH
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Ironshore Completed Acquisition of a Managing General Underwriter
Feb 19, 2013Broker-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 ...
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AmTrust Financial Services Has Agreed to Acquire Sequoia Insurance and Its Subsidiaries
Jan 24, 2013Multinational insurance holding company , Sequoia Indemnity and Personal Express Insurance (Sequoia), for nearly $60m. Under the terms of the definitive agreement, the transaction is expected to complete after receiving regulatory ...
Tags: Financial Services, Sequoia Insurance, Personal Express Insurance
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Insurance Company Would Provide a New Fuel Distribution Insurance Program
Dec 25, 2012National Interstate Insurance Company is planning to offer a new fuel distribution insurance program, in an effort to strengthen its long-standing captive fuel distribution business. Effective from 01 January 2013, the new program will ...
Tags: National Interstate, Service, fuel distribution, insurance
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Assurant's Operating Income for The Second Quarter of 2012 Recorded a Steep Rise of 11%
Dec 7, 2012Assurant has reported that its net operating income for the second quarter of 2012 recorded a steep rise of 111% to $157.4m or $1.81 per diluted share compared to a net operating income of $74.6m, or $0.76 per diluted share during the same ...
Tags: insurance products, Assurant, operating income, net income
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CBIZ Has Acquired The Assets of Georgia-Based Specialty Property
Dec 3, 2012CBIZ has acquired the assets of Georgia-based specialty property and casualty brokerage firm Trinity Risk Advisors, effective from 1 September 2012. Upon the completion, the agency will add five employees and approximately $1m to CBIZ ...
Tags: CBIZ, Georgia, casualty, specialty property, insurance
