The Hartford has reported net loss of $241m, or $0.58 per diluted share, against net income of $96m, or $0.18 per diluted share, during the first quarter a year ago. First quarter net income included a $541m, after tax, unlock charge due ...
The Collinson Group has signed a deal to acquire Aria Assistance, a global assistance, travel and private medical insurance provider, in an effort to expand its businesses in general insurance and financial services market. Set up after ...
Tags: Collinson Group, Aria Assistance
Tangiers Group has introduced a new product development and insurance underwriting unit, Tangiers Global, aimed to provide insurance products for workers, travelers, and volunteers living in or visiting dangerous places. Tangiers Global ...
Tags: Tangiers, Medical Insurance
Property and casualty insurer ACE has reported net income of $953m during the first quarter of 2013, with a decrease of 2% compared to $973m during the corresponding period earlier year. For the latest quarter period ended on 31 March ...
Tags: ACE, Net Income
XL Group has announced new additions to its primary casualty, excess casualty, marine, construction and regional management teams in Atlanta, expanding and boosting its insurance underwriting operations. XL Group North America regional ...
An undisclosed US Tier 1 insurance company has signed an agreement with Cover-All Technologies for deployment of its new Policy solution to support substantial insurance program business in 51 jurisdictions in the country. The multi-year ...
Lloyd's insurer Ascot Underwriting has established a new office at One Bryant Park in New York, US, which will be led by Ascot Fac chief underwriting officer Paul Amrose. Amrose and his team will relocate from Hartford to the new office ...
Tags: Lloyd's insurer, Ascot, Fac business
A unit of Aspen Insurance Holdings Limited (AHL), Aspen Reinsurance (Aspen Re) has established a new division, known as Aspen Capital Markets, to expand its footprint in the alternative reinsurance market. Aspen Re chief executive officer ...
Tags: Aspen Re, Capital Markets
Property and casualty insurer ACE has established a $95m special purpose vehicle, Altair Re, to offer additional collateralized capacity for its global reinsurance business. The capital will be used to largely support ACE Tempest Re's ...
Tags: ACE, Special Purpose Vehicle
ACE European Group has named John Napier as the new non-executive chairman of two of its key entities, ACE European Group and ACE Underwriting Agencies. The appointment of Napier, who previously has undertaken senior roles within UK and ...
Tags: ACE European Group, appointment
ACE 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 ...
Munich American Reassurance has introduced new key enhancements to its EDGE Life and Disability Income (DI) underwriting manuals, during the Association of Home Office Underwriters (AHOU) 12th Annual Conference. The manuals' enhancements ...
Tags: Munich Re, Underwriting Manuals
The US door manufacturer Masonite has submitted an application to the US Securities and Exchange Commission for Stock Exchange listing. The application is in connection with the planned initial public offering (IPO) of the ordinary shares, ...
Tags: door manufacturer, door
The H.W. Kaufman Financial Group has acquired New York City-based specialty insurance organization Global Excess Partners for an undisclosed amount. Commenting on the transaction, Kaufman Financial Group president and CEO, chairman Alan ...
The MGIS Companies (MGIS) has appointed Kurt Meyer as its new vice president of operations, group benefits. In his new role, Meyer will be responsible for benefits operations which include underwriting, account management and ...