Bermuda-based RenaissanceRe has established a new Bermuda domiciled special purpose insurance vehicle, Upsilon Reinsurance II (Upsilon Re II), to offer additional capacity to the reinsurance market worldwide. The new special purpose ...
Tags: Renaissancere, Special Purpose Insurance, Insurance, Service
The Prudential Insurance Company of America has closed the acquisition of The Hartford’s individual life insurance business through a reinsurance transaction, valued at $615m in cash. The acquirer is expected to receive nearly $7bn ...
Tags: Prudential Insurance, acquisition, America, Hartford
Bermuda-based Athene Annuity & Life Assurance Company (Athene Annuity) has completed the acquisition of US-based Presidential Life, which markets and sells various fixed annuity, life insurance and accident and health insurance products. ...
Tags: Athene Annuity, Presidential Life, annuity, life insurance
Brown & Brown of Kentucky, a wholly-owned subsidiary of Brown & Brown, has completed acquisition of certain assets of Gilbert RV Insurance. Gilbert RV Insurance, which possesses combined annual revenues of $2.4m, will function as a branch ...
Tags: Kentucky, acquisition, Gilbert RV Insurance, insurance
Banco BTG Pactual has received approval from the Brazilian insurance and reinsurance regulator, SUSEP, to establish an insurance operation in the country. The company, earlier this year, planned to invest $24m to launch a new insurance ...
Tags: BTG Pactual, approval, Insurance Operation, Brazil
XL, a global insurance and reinsurance company has introduced a new risk transfer product, called XL Commercial Advance for the UK companies. The new product incorporates property, business interruption, money, employers', public and ...
ACE Tempest Re, the global reinsurance business of the ACE Group, has appointed David Mann as senior underwriter, structured and medical malpractice reinsurance, effective from 1 January 2013. Based in London, Mann in his new role will be ...
Tags: ACE Tempest Re, reinsurance, ACE Group, insurance
Qatar Insurance Group is planning to establish a holding company in an effort to further expand its current operations in both insurance and non-insurance sectors. Subject to approval from the general body meeting and concerned ...
Tags: Qatar Insurance Group, holding company, current operations
Presidential Life has received stockholders approval for merger with Athene Annuity & Life Assurance Company, which is a retail fixed and index annuity sales and reinsurance provider. Athene had inked an acquisition agreement with ...
Tags: Presidential Life, Service, Athene Annuity
US based diverse financial holding company Markel has inked a definitive agreement to acquire Bermuda-based Alterra Capital in a deal valued nearly$3.13bn in cash and stock. Based on a closing price of$486.05 for Markel common stock on 18 ...
Tags: Markel, acquisition, Alterra
PartnerRe, a provider of diversified reinsurance services, has entered into a definitive agreement to acquire Presidio Reinsurance Group. Presidio Reinsurance Group is a specialty accident and health reinsurance and insurance writer, ...
Tags: PartnerRe, diversified reinsurance services, Presidio Reinsurance Group
International insurance brokerage and risk management firm Arthur J Gallagher & Co has purchased a minority stake of 21.3% in Mexcio based insurance broker Casanueva Perez (Grupo CP). Terms and conditions of the transaction have not been ...
Tags: insurance brokerage, risk management, commercial retail property
Alterra Capital Holdings, a provider of insurance and reinsurance products, has increased its total capital committed to New Point V Limited to $247m. The sidecar vehicle was established by the company in June 2012 with a capital of ...
Tags: insurance and reinsurance products, sidecar vehicle, additional capacity
New York subsidiary of insurance broker Brown & Brown has inked an agreement to buy certain assets of Rowlands & Barranca Agency (RBA), for an undisclosed sum. The acquired entity delivers various employee benefits brokerage and ...
Q-Re, a wholly-owned subsidiary of Qatar Insurance Company (QIC), has awarded a contract to Xuber for delivery of its International Reinsurance and Insurance System (Iris) to help streamline its operational efficiency. Selected after a ...
Tags: Q-Re, Qatar Insurance Company, Xuber