US based The Doctors Company and Utah Medical Insurance Association (UMIA) have inked a merger agreement, in accordance with which the former will acquire the latter through its wholly owned subsidiary, Underwriter for the Professions ...
Hermitage-based Lexon Insurance has signed a definitive stock purchase agreement to buy Florida-based Peninsular Insurance. Under the terms of the agreement, Lexon will acquire all the of Peninsular Surety and the latter will become a ...
Tags: Lexon Insurance, Peninsular Insurance, purchase agreement, insurance
US underwriter American Safety Insurance Holdings is gearing up to acquire Cayman-based insurer Bluestone Surety for an undisclosed sum. The insurer wholly-owned subsidiary, American Safety Holdings has inked stock purchase agreement to ...
Tags: underwriter, American Safety Insurance Holdings, Bluestone Surety
HSBC Insurance and HSBC Asia Pacific have agreed to dispose of their entire 15.57% shareholding in Ping An Insurance (Group) Company of China to Thailand's Charoen Pokphand (CP) group for HK$72.7bn ($9.38bn). Under terms of the deal, CP ...
Tags: HSBC, Ping An Insurance, insurance, dispose
New York-based private equity firm, Southport Lane has completed acquisition of Redwood Reinsurance SPC, a Cayman Islands-based reinsurer for an undisclosed amount. Southport Re CEO Glenn Weber said the acquisition represents the ...
Tags: Southport Lane, insurance, reinsurance platform, liability insurance
Volcano, a manufacturer of precision guided therapy tools, has entered into an agreement to buy US-based Crux Biomedical for $36m in cash. Crux Biomedical's product includes the Crux VCF system, an inferior vena cava (IVC) filter, which ...
Tags: precision guided therapy tools, buy.Crux Biomedical, Crux VCF system
Mr Jyotiraditya Scindia minister of State (Independent Charge) for Power informed the Lok Sabha that Power Grid Corporation of India Ltd has taken the initiative to implement several Smart Grid pilot projects in the transmission sector. ...
Ardagh Group has secured US regulatory approval and completed the previously announced acquisition of Anchor Glass Container in the US for $880m (€721m) from private investment funds managed by Wayzata Investment Partners. The deal ...
Tags: Anchor Glass, Anchor Glass Container, glass containers
UK based insurance and financial services firm Prudential has inked an agreement with Thailand based Thanachart Bank to acquire its Life Assurance Company for £368m in cash. The transaction, which is expected to complete during the ...
Tags: insurance and financial services, Prudential, Thanachart Bank
Fairfax Financial Holdings’ RiverStone runoff subsidiary has signed an agreement with Brit Group to buy all the outstanding shares of Brit Insurance Limited (BIL) of London, England for an undisclosed sum. According to the insurer, ...
Tags: Fairfax, subsidiary, BIL, London
Manchester Underwriting Management (MUM), a broker-only managing general agent, is to enter the international market as a part of the company's plan for expansion and will report to chief executive Charles Manchester. Headed by David ...
Tags: MUM, new division, London
Aspen Insurance Holdings has appointed John Worth as the group's chief financial officer, effective from 1 November 2012 and subject to relevant regulatory approval. Succeeding Julian Cusack, interim Aspen Group chief financial officer, ...
Tags: Aspen Insurance Holdings, John Worth, chief financial officer
Principal Financial has signed a definitive agreement to acquire 100% of Chile's AFP Cuprum for $1.51bn, in an effort to widen its presence in emerging markets. The deal involves sale of 63% ownership in Cuprum held by Empresas Penta and ...
Tags: Principal Financial, Chile's AFP Cuprum, publicly traded shares
OCCG has operations in northern Mexico and the southern United States. OCCG employs 2,800 people (2,000 of whom are employed in Mexico), and is expected to generate $53m of earnings before interest, taxes, depreciation, and amortization ...
Tags: OCCG, acquire, packaging, recycled containerboard mill
FDA has designated Stratatech's universal human skin substitute, StrataGraft, as an orphan drug for the treatment of partial and full thickness skin burns. As per the orphan drug status, the company will be able to market StrataGraft once ...