Pegasus Capital Advisors, a US-based private equity fund manager has entered into a binding agreement to acquire the Bangkok-based ultra-luxury resort and spa business of Six Senses Resorts & Spas for an undisclosed sum. Under the terms of ...
Tags: Evason resort, Luxury hospitality, Pegasus, Pegasus Capital, Six Senses
Insurance brokerage and risk management firm Marsh & McLennan Agency (MMA) has acquired Brower Insurance Agency, an independent firm in Ohio, for an undisclosed sum. Following the transaction, the acquired enterprise will act as MMA's ...
Tags: insurance brokerage, risk management firm, independent firm
US-based Gladstone Investment has announced an investment of $16.5m in Frontier Packaging, through a combination of debt and equity. Investment management company Gladstone provided the capital to purchase the business from its previous ...
Tags: Frontier Packaging, sensitive packaging materials, Gladstone Investment
US egg firm Cal-Maine Foods has booked an increase in full-year profits as gains from a new venture in the speciality egg market more than offset higher costs from its fresh shell eggs. In the 12 months ended 2 June, net profit climbed ...
Tags: egg Foods, egg market, fresh shell eggs, eggs
Scottish farmer-owned co-operative ANM Group has announced plans to sell its Scotch Premier Meat and Yorkshire Premier Meat businesses following a strategic review of its operations. In a statement yesterday (19 July), the company said ...
Tags: meat processing, Premier Meat, Meat, Meat businesses
Cherokee Inc.a leading innovator and global marketer of style-focused lifestyle brands around the world reported financial results for the third quarter ended October 27,2012. Net revenues were$6.7 million for the quarter,up from$6.0 ...
Tags: financial results, net revenues, Tesco
Property and casualty insurer ACE has inked a definitive agreement to purchase Fianzas Monterrey in Mexico from New York Life Insurance Company for nearly $285m in cash. Commenting on the deal, ACE chairman & chief executive officer Evan ...
Tags: property insurer, casualty insurer, ACE, life insurance, health insurance
Miravast, a risk management firm has appointed former senior vice president and chief life actuary of AIG/Chartis Risk Solutions David Beckelman as its chief financial officer and chief actuary. Miravast president Bill Taylor said ...
Tags: Miravast, financial officer, David Beckelman
Liberty Videocon General Insurance Company, a joint venture floated by the US underwriter Liberty Mutual Insurance and Videocon Industries has received insurance license to conduct operations in India. The permit granted by India's ...
Tags: Liberty Videocon, insurance license, operations in India
ABD Insurance and Financial Services has rolled out its Northern California operation, with an aim to provide better services to the customer, thus gaining optimum presence in the area. ABD Insurance & Financial Services president and ...
Tags: ABD, Northern California, financial services
Charlesbank Capital Partners announced that it has signed an agreement to acquire OneStopPlus Group,a subsidiary of Paris-based luxury and sport&lifestyle group PPR.Charlesbank is partnering with Webster Capital on the transaction,which is ...
Tags: plus-size consumers, women's apparel, agreement, acquire
UK based Capita Insurance Services has hired Wayne Lewis as general insurance finance director. In his role, Lewis will work alongside Brent Escott, head of Capita's general insurance business. Escott said that as the company's ...
Insurance firm Amlin has returned to profit after a major loss suffered in 2011 due natural disasters, such as Japanese tsunami, New Zealand earthquake and flooding in Thailand that affected the company to large extent. The company saw ...
Tags: Amlin, natural disasters, pre-tax profits soar, insurer
Farmers Mutual Hail Insurance of Iowa (FMH) has selected Miles Capital as fixed income manager, under which it will manage nearly $220m of the fund of the Insurance Asset Management Team. Managing assets for many Property & Casualty ...
Global professional services company Towers Watson has named Christof Bentele and Chris Holt to lead its new Crisis Management team, marking its foray into crisis management market. The new team has been designed to develop expertise in ...
Tags: Towers Watson, Christof Bentele, Chris Holt, Crisis Management team