US based property and casualty insurer Tower Group has acquired a miniority stake of 8.5% in Cinium Financial Services for $7m in the form of convertible senior notes, which are due in 2026. The underwriter said that the recent investment ...
Tags: ower Group, Cinium Financial Services, stake, acquisition
Insurance services provider BMS Group has appointed Glenn Kerr to lead its wholesale and facultative business in the Asia-Pacific region. Based in Sydney, Kerr will join the BMS wholesale team, led by BMS Wholesale CEO Nick Cook, on ...
Tags: BMS Group, Glenn Kerr, facultative business, insurance
Mortgage Guaranty Insurance Corporation (MGIC), the primary subsidiary of MGIC Investment Corporation, is offering mortgage insurance through Ellie Mae's Encompass360 mortgage management software. The new integration is expected to enable ...
Tags: Mortgage Guaranty Insurance Corporation, mortgage insurance, software
Toronto Dominion Bank has disposed its US insurance subsidiary to USI Insurance Services, a middle-market brokerage firm owned by Goldman Sachs Capital Partners, for an undisclosed amount. The bank cum underwriter said that it sold the US ...
Tags: Toronto Dominion Bank, USI Insurance Services, dispose, insurance
MSI Management UK and Ireland, a member of Japan-based MS&AD Insurance, is planning to open a new office in Dublin. The new office, which is subject to regulatory approval, will be the intermediary hub for the company's UK and Ireland ...
Tags: MSI Management, new office, insurance, insurance agency
Arthur J Gallagher & Co has acquired Grace/Mayer Insurance Agency in Omaha, Nebraska for an undisclosed sum. Grace/Mayer Insurance Agency trades as a retail insurance broker which offers property/casualty, employee benefits and risk ...
Tags: Arthur J Gallaghe, Grace/Mayer Insurance Agency, undisclosed sum
Suremerica Surety Underwriting Services has signed an agreement with a global underwriter to offer new surety capacity for all major brokers and professional surety agents. Using its proven underwriting team and a global network, the ...
Tags: Suremerica, underwriter, surety capacity, surety agents, insurance
Property and casualty insurance company, USI Insurance Services (. Terms of the transaction were undisclosed. Emerson Reid and Company's CEO Arthur Hall said, "Through our acquisition of Kelly Insurance Brokerage, we have attained an ...
Tags: Usi Insurance Services, Kelly Insurance Brokerage, acquisition
Irish IT Consulting and Managed Services firm Version 1 has entered into a strategic partnership with TIA Technology, to offer services to Ireland's insurance and financial market. The partnership is expected to deliver complete ...
Tags: TIA Technology, Version 1, Ireland insurance, financial market
ReneSola has earmarked a deal with PowerGuard Specialty Insurance Services to provide a range of long-term insurance and warranty-related coverage for its high-quality solar products. PowerGuard will cater 25 years of complete coverage ...
Tags: ReneSola, PowerGuard Specialty Insurance Services, warranty insurance
USI Insurance Services, a distributor of property and casualty insurance has inked a share purchase agreement to acquire TD Insurance for an undisclosed sum. The acquisition is expected to close by the end of September 2012, and will ...
Tags: USI, casualty insurance, property insurance, share purchase agreement
USI Insurance Services (USI) has acquired Lynch, Beretta and Bucci Insurance, a Pawtucket, Rhode Island-based property and casualty insurance agency in an undisclosed transaction. USI's regional CEO for New England Thomas Stiles said that ...
Tags: USI, Lynch, acquire, property and casualty insurance, insurance
Canada's private equity investment firm Onex has inked a definitive agreement to purchase USI Insurance Services from GS Capital Partners VI Fund,and certain of its affiliates(GS Capital Partners),for nearly$2.3bn. The agreement,which ...
Randall&Quilter(R&Q)has signed an agreement to purchase the entire issued share capital of Alma Insurance Company,subject to change of control approval by the FSA. Under the terms of the accord,R&Q will pay 4.4m($7.05m)in cash for Alma ...
Tags: Alma Insurance, Randall&Quilter, R&Q
Global investment firm Kohlberg Kravis Roberts&Co has agreed to acquire specialty insurance brokerage firm Alliant Insurance Services from Blackstone for an undisclosed sum. Alliant's management team and employees currently own nearly ...
Tags: Blackstone, KKR, JP Morgan Chase