International property and casualty insurance holding company Markel has purchased Essentia Insurance Company from OneBeacon Insurance Group, for an undisclosed amount. Financial terms of the transaction have not been disclosed by the ...
Tags: Markel, Essentia Insurance Company, Insurance Group, insurance
UK-based insurer Aviva has agreed to sell its US life and annuities business and associated asset management operations Aviva US to Bermuda-based Athene for $1.8bn. The deal, however, will not include Aviva Investors' North American asset ...
Tags: Aviva, Athene, insurer, annuities business, associated asset management
The Physicians Insurance Association of America (PIAA) has appointed MMIC president chief and executive officer Bill McDonough to its board of directors, with immediate effect. McDonough, during his three-year board term, will serve as a ...
Tags: PIAA, MMIC, Bill McDonough, board of directors
The Navigators Group, a commercial property/casualty insurer, has implemented AIR Worldwide's CLASIC/2 and CATRADER modeling technologies to manage its global catastrophe business. The catastrophe models are expected to be used by the ...
Tags: Navigators Group, commercial property/casualty insurer, AIR Worldwide
Bermuda-based reinsurance specialist Validus Holdings has appointed Mahmoud Abdallah to its board of directors with immediate effect, expanding the board to ten members. Validus chairman and chief executive officer Ed Noonan said: ...
Tags: reinsurance specialist, Validus Holdings, Mahmoud Abdallah
Donegal Insurance Group has selected Valen Technologies' InsureRight product as a predictive analytics solutions for workers' compensation insurers. Valen CEO Dax Craig said: "InsureRight will help Donegal's underwriters make more ...
Tags: Donegal Insurance Group, workers'compensation, InsureRight
US insurance holding company Torchmark has purchased a privately owned supplemental health insurance provider Family Heritage Life Insurance Company of America, for nearly $232m. The transaction is expected to be immediately accretive to ...
UK based Financial Services Authority (FSA) and Lloyd's of London have approved W R Berkley Syndicate Management to work as a Lloyd's managing agent. As per the agreement, effective from 1 June 2012, WR Berkley Syndicate Management will ...
Tags: FSA, W R Berkley Syndicate Management, managing agent, reinsurance
W. R. Berkley has appointed Michael Connor as president of Continental Western Group, a provider of commercial insurance services. Connor succeeds Bradley Kuster, who will oversee other activities within the WRB group of companies. ...
Tags: Continental Western Group, commercial insurance, insurance service
American Financial Group has reported net earnings attributable to shareholders of $226m or $2.39 per share for the third quarter of 2012, with an increase of 133% from $97m, or $0.95 per share, during the same period last year. Its core ...
Tags: American Financial Group, net earnings, quarter 3, shareholder
New York based insurer the Navigators Group has appointed Jennifer Yang as chief risk officer, who will oversee its enterprise risk management worldwide. The company said that Yang will report to Ciro M DeFalco, senior vice president and ...
Tags: Navigators Group, chief risk officer, risk management, insurance
Property and casualty insurance holding company United Insurance (UIHC) has appointed Jay Williams as its vice president of Marketing and will be responsible for the Company’s sales and marketing efforts. With over 30 years of ...
Tags: United Insurance, Jay Williams, vice president, insurance
Tower Group has accomplished its $75m investment in Canopius Group and subsequently acquired 10.7% of the ordinary share capital in the firm. Canopius, a privately owned Lloyd's of London insurance holding company offers insurance and ...
Tags: Tower Group, investment, Canopius Group, share capital, insurance
United Insurance, a property and casualty insurance holding company, has selected B Bradford Martz, CPA, as its chief financial officer (CFO), effective from 1 October 2012. In his new role, Martz will be responsible for United's ...
Tags: United Insurance, insurance holding company, B Bradford Martz, CFO
US-based commercial insurance holding company, W R Berkley has promoted Andrew Tuma as the new president of Berkley Surety Group with immediate effect. Tuma recently served as the company's executive vice president and chief operating ...
Tags: commercial insurance, surety, contract surety, commercial surety