The ACE Group has selected Darryl Page as division president for its international personal and business insurance. Page, in his new role will be responsible to oversee its personal lines and small and mid-size commercial insurance ...
Tags: ACE Group, Darryl Page, personal insurance, business insurance, insurance
Everest Re Group, a Bermuda-based property and casualty reinsurance and insurance firm, has announced that its chief executive officer, Joseph Taranto has agreed to continue his role through 2013. According to the company, Taranto will be ...
Tags: Everest Re Group, chief executive officer, Joseph Taranto, insurance
Fairfax Financial Holdings has entered into an agreement with UK’s Thomas Cook (TC) Group to acquire 77% interest in Thomas Cook (India) for Rs50 per share totalling to nearly Rs8.17bn ($150m). Subject to customary conditions, the ...
Tags: Fairfax Financial Holdings, Thomas Cook, interest, India
Reinsurance and insurance provider Validus Holdings has received all regulatory approvals needed to complete Flagstone Reinsurance acquisition. The approval follows a previously agreed deal between Validus and Flagstone, which was signed ...
Tags: reinsurance, insurance, Validus Holdings, acquisition
New York-based private equity firm Southport Lane, through its subsidiary Lonestar Holdco, has inked a definitive agreement with Dallas National Insurance to acquire 100% of Dallas National Insurance Company. The deal's terms and ...
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Fairfax Financial Holdings has acquired the entire outstanding shares of London-based Brit Insurance, following the receipt of all regulatory approvals. The $300m acquisition was carried out through its runoff subsidiary RiverStone based ...
Tags: acquisition, RiverStone, Brit Insurance, insurance, reinsurance
Bermuda-based insurer Everest Re Group has reported a net income of $214.6m, or $4.08 diluted earnings per share, for the second quarter of 2012, compared to $131.3m, or $2.41 diluted earnings per share, for the same period in 2011. For ...
Tags: Everest Re Group, net income, second quarter, insurance company
Hannover Life Reassurance Company of America, a North American life and health reinsurance subsidiary of Hannover Re Group, has announced new additions to its Financial and Mortality Solutions Teams. According to the company, Robert ...
Tags: Hannover Life, reassurance, health reinsurance, insurance
ACE has reported that its net income for the first quarter of 2012 plummeted by 45% to $328m compared to a net income of $594m during the corresponding quarter last year. Net income was $0.96 per share compared with $1.74 per share for ...
Tags: ACE, net income, first quarter, insurance
XL Group has reported a net income of $176.63m, or $0.56 per diluted share, for the first quarter of 2012, compared to a net loss of $227.28m, or $0.73 per diluted share, for the same period in 2011. The total revenues for the first ...
Tags: XL Group, net income, quarter 1, insurance company
XL has appointed Chris Dougherty as new chief financial officer to manage the company’s global insurance operations including financial reporting and planning, accounting, budgeting and financial analysis. XL Group's Insurance ...
Tags: XL, Chris Dougherty, financial officer, global insurance operation
Global Indemnity (GBLI) has appointed John Howes to the board of directors, which has already come into effect from 16 July 2012. Howes began his career with JH Minet & Co., a Lloyds of London Broker, and moved to Minet Holdings to assume ...
Tags: GBLI, John Howes, board of director, insurance, broker
Clearwater Analytics and Brown Brothers Harriman & Co. (BBH) have signed a joint servicing relationship agreement. The agreement combines global custody services, specialized investment management and banking from BBH as well as ...
Tags: Clearwater Analytics, joint servicing, Brown Brothers Harriman
Global insurance and reinsurance software provider Agencyport Software has introduced technology agnostic and tool-based integration platform, Connect5, for carriers. The complete application interoperability solution, Connect5 has been ...
Tags: insurance, reinsurance, insurance software, technology agnostic
Randall&Quilter(R&Q)has signed an agreement to purchase the entire issued share capital of Alma Insurance Company,subject to change of control approval by the FSA. Under the terms of the accord,R&Q will pay 4.4m($7.05m)in cash for Alma ...
Tags: Alma Insurance, Randall&Quilter, R&Q