Markel Corporation, a US based financial holding company, has completed purchasing Bermuda-based Alterra Capital in a deal valued at nearly $3.13bn in a cash and stock deal. Originally signed on 19 December 2012, the transaction was ...
Tags: Markel, Alterra Acquisition
Global property and casualty insurer ACE has completed the acquisition of Mexican personal lines insurer ABA Seguros from Ally Financial for nearly $690m in cash, after offering a $175m pre-closing dividend to the seller. The definitive ...
Tags: casualty insurer, ABA Seguros
Atlanta-based MAG Mutual Insurance has completed the acquisition of South Carolina Physician Assurance, which is owned, operated and governed by South Carolina physicians, for an undisclosed amount. Following completion of the ...
Tags: MagMutual, Physician Assurance
Exigen Insurance Solutions, a provider of core systems and business transformation to insurers, had launched Exigen Suite for Group Benefits, a single core systems solution for group and worksite insurance. The new solution has been ...
Arthur J Gallagher & Co, a US-based insurance brokerage and risk management services firm, has purchased UK–based Property & Commercial Limited from Barbon Insurance Group, in a bid to further strengthen its operation in the country. ...
Genworth Financial has reported net income of $103m, or $0.21 per diluted share, compared to $46m, or $0.09 per diluted share, during the first quarter last year. Net operating income was $151m, or $0.30 per diluted share, against $17m, ...
Tags: Genworth Financial, Net Income
US property and casualty insurance broker, Keystone Insurers Group is planning to start adding partner agencies in Illinois to its franchise operations during the fourth quarter of 2013. According to initial plans, a total of ten ...
Tags: Keystone, Franchise Operation
Univest Corporation of Pennsylvania (UVSP) and its insurance subsidiary has successfully completed acquisition of John T. Fretz Insurance Agency, a family-owned-and-operated full-service property and casualty insurance agency. The ...
Tags: Insurance Agency, Univest
CompWest Insurance has signed an agreement with Phoenix Risk Management Insurance Services, to write California health care workers' compensation insurance program for specific classes in the health care industry. Under the terms of the ...
The Hartford Steam Boiler Inspection and Insurance Company (HSB) has launched a new cyber risk insurance coverage to safeguard smaller commercial organizations from growing information security exposures threats. Providing broad coverage ...
Tags: HSB, Cyber Attacks
Conning, a global provider of asset management services for the insurance industry, has entered into a strategic alliance with Ramius Alternative, a developer and manager of customized alternative investment portfolios. Under the ...
Tags: Conning, Strategic Alliance
Foresters, a provider of life insurance products and annuities, has introduced a new participating whole life insurance product to offer cost-effective permanent insurance options to families across Canada. Dubbed Familylife, the new ...
Tags: Foresters, Whole Life Insurance
The Navigators Group has set up a new professional liability unit and named Henry Lopez as its president. The new professional liability unit will continue to underwrite existing E&O products of Navigators for its clients. Based in the ...
Tags: Navigators Group
A major UK Insurer has awarded a multi-year agreement to Symbility Solutions for integration of claims management software and mobile scoping tool into its organization through its European partner, The Innovation Group (TIG). Scheduled ...
Tags: UK Insurer, Symbility Solution
HSBC Insurance has entered into an agreement to dispose of 50% stake in Hana HSBC Life Insurance Company, to joint venture partner Hana Financial Group. Financial terms of the transaction have not been disclosed, however it is expected ...
Tags: HSBC Insurance, Hana Financial