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
Illinois-based specialty insurance company Corp has entered into a teaming agreement with Recreation Insurance Specialists (RIS) to underwrite recreation vehicle (RV) insurance for RIS. As part of the agreement, the RLI will write ...
Tags: RIS, insurance, recreation vehicle, RIS'motor homes, travel trailers
Boston-based Liberty Mutual Insurance is likely to unveil a mobile application to help employees easily manage numerous benefits using smart phones. As part of the MyLibertyMobile application, the firm has extended the functionality to ...
Tags: Liberty Mutual Insurance, mobile application, benefit management
US-based specialty insurance brokerage firm, Alliant Insurance Services has appointed Surety executive Lawrence McMahon as the first vice president of the National Association of Surety Bond Producers (NASBP). McMahon, who joined the ...
Tags: Alliant Insurance Services, Lawrence McMahon, NASBP, insurance
US-based commercial insurer CNA Financial Corporation (CNA) has appointed Michael Strakhov as the new vice president for its Ohio branch, located in Columbus, US. Strakhov, in his new role will be responsible for synchronizing branch ...
Tags: CNA Financial Corporation, Michael Strakhov, vice president
US specialty insurance company RLI has acquired Rockbridge Underwriting Agency, which is a general agency specializing in medical malpractice insurance. RLI chairman & CEO Jonathan Michael said the deal will enable the company to tap ...
Specialty insurance firm RLI is set to extend the coverage of its personal umbrella policy for Florida residents by offering a reduced liability attachment point. According to the provider, Personal umbrella coverage will be made ...
Tags: RLI, personal umbrella policy, reduced liability attachment, insurance
US commercial property and casualty insurance provider CNA Financial has acquired Hardy Underwriting Bermuda for approximately $230m. After the integration, Hardy will continue to trade under its own brand and its existing leadership team ...
Tags: CNA Financial, Hardy Underwriting Bermuda, acquisition, insurance
Liberty Mutual Insurance (LMI), the commercial lines division of Liberty Mutual Insurance Europe, has named Anthony Martella as the new senior vice president and chief actuary of its Commercial Markets strategic business unit. Martella, ...
Tags: Liberty Mutual Insurance, Anthony Martella, senior vice president
Global property and casualty insurer ACE has inked a definitive agreement with Ally Financial to acquire ABA Seguros in Mexico for nearly $865m in a cash transaction. Commenting on the deal, ACE chairman and chief executive officer Evan ...
Tags: ACE, Ally Financial, ABA Seguros, acquisition
RLI, a specialty insurance company, has promoted both Jennifer Klobnak and Chris Randall to vice president, risk services. According to the underwriter, Klobnak will oversee property and personal lines products, while Randall will ...
Tags: RLI, Jennifer Klobnak, Chris Randall, vice president, risk service
CNA Financial has selected Michael Kirchgessner as the vice president of Umbrella for commercial underwriting, in a bid to expand its underwriting capabilities. CNA Commercial chief underwriting officer John Beckman said the company is ...
Tags: CNA Financial, Michael Kirchgessner, vice president, finance
The ACE Group has hired Timothy O’Donnell as executive vice president of financial lines for its international insurance operations, effective 1 June 2012. In this role, O'Donnell will be responsible for the company's directors and ...
Tags: ACE Group, Timothy O'Donnell, executive vice president
Liberty Mutual Insurance Group, a diversified underwriting start up, has forayed into Ecuador’s insurance arena, riding on two acquisitions including Panamericana de Seguros del Ecuador and Cervantes Compania de Seguros y Reaseguros. ...
Tags: Liberty Mutual Insurance Group, Ecuador, acquisition, insurance
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