Switzerland-based specialty insurance and reinsurance company Allied World Company Holdings (AWH) has launched a new professional indemnity product developed especially for the Asia-Pacific marketplace. Launched by Allied World's ...
Tags: specialty insurance
Fairfax Financial Holdings has completed the acquisition of Bermuda-based specialty insurance company American Safety Insurance (ASI). Under the terms of the transaction, for each common share of American Safety its shareholders will ...
US-based life insurer MetLife has finalized acquisition of a 64.3% stake of Chilean pension fund administrator, AFP Provida from Spanish bank BBVA, in a deal worth approximately $1.54bn. From the sale of AFP, the Spanish bank received ...
Tags: Metlife, life insurer
Commonwealth Annuity and Life Insurance Co, a subsidiary of Global Atlantic, has acquired Aviva USA’s life insurance business following receipt of all necessary regulatory approvals. Global Atlantic Financial Group is a multiline ...
Tags: Life Insurance
French diversified financial service conglomerate SCOR Group has acquired the US life reinsurance business of Italy-based insurer Generali Group, for total gross proceeds of $910m in a combination of cash and collateral. The acquisition, ...
Tags: SCOR Group, Life Reinsurance
Capgemini, a global consulting, technology and outsourcing services firm, has launched its new Platform as a Service (PaaS) offering, known as Insurance Connect, designed for the property and casualty (P&C) insurance market. Leveraging ...
US-based property and casualty insurer Tower Hill Insurance has selected IVANS Download, to accurately and consistently communicate policy information to its agents. The insurance carrier said that deployment of the new technology would ...
Tags: Tower Hill, Insurance
Arthur J Gallagher, a US-based insurance brokerage and risk management services company, has acquired RJ Dutton of Overland Park, Kansas, a provider of employee benefit consultation and brokerage services across the country. Financial ...
Tags: Arthur J Gallagher, insurance
AssuredPartners of New Jersey, a platform operation of insurance brokerage firm AssuredPartners, has purchased Anderson-Jackson-Metts d/b/a AJM Insurance, for an undisclosed sum. With revenues of nearly $5.3m, New Jersey-based AJM offers ...
Tags: AssuredPartners, AJM Insurance
San Francisco-based private equity investment firm Hellman & Friedman has acquired Chicago-based insurance brokerage firm, Hub International, from Apax Partners, in a transaction worth approximately $4.4bn. Commenting on the transaction, ...
Tags: insurance, investment funds
Sunday Sept. 29 2013, is a new day for China as it marks the official launch of the much anticipated Shanghai Free Trade Zone. Sunday is also International Coffee Day. Just as UK coffee houses in an earlier age were the places where people ...
Tags: Free Trade, Coffee
The Marble Institute of America (MIA) has added another partner program that benefits its members. In partnering with Intersect Insurance Services to offer a worksite health benefits program, the MIA has offered an endorsed program long ...
Tags: Construction, Decoration
Oclaro Inc of San Jose, CA, USA, which provides lasers and optical components, modules and subsystems for optical communications, has announced underwhelming financial results for its fourth-quarter and fiscal year 2013 (ended 29 June). ...
Tags: Oclaro, Electrical, Electronics, optical communications
Allied World US, a subsidiary of Switzerland-based specialty insurance and reinsurance company, Allied World Company Holdings (AWH), has rolled out a new independent directors liability product named Independent ForceField. The new ...
US-based insurer MetLife, Bank for Investment & Development of Vietnam (BIDV), and Bank for Investment and Development of Vietnam Insurance Corporation (BIC), have reached an agreement to form a life insurance joint venture (JV) in Vietnam. ...