Global insurance broker Willis Group Holdings has reported $26m in net income for the three months ending 30 September 2012, a decline of 56.6% from $60m last year. Total revenue fell by 1% to $754m from $760m in 2011. Net income in the ...
Tags: Willis, Net Income, Headquartered in London
London based Specialty Lines broker R K Harrison Insurance Brokers and Chile's Conosur Corredores de Seguros Y Reaseguros (Conosur) have inked an agreement to collaborate on all new insurance and reinsurance business that emerge from Chile. ...
Tags: R K Harrison Insurance, Conosur, international insurance markets
ArgoGlobal SE,a subsidiary of Argo Group International Holdings has received approval from Spain and France regulators to carry out underwriting businesses through their branches. ArgoGlobal SE will now provide primary and excess ...
US based American International Group (AIG) has entered into a non-binding term sheet with Chinese state-owned insurer PICC Group to set up a proposed joint venture insurance agency company that will sell life insurance and other insurance ...
Tags: AIG, PICC, insurance products
A subsidiary of US insurance and reinsurance provider Brown & Brown has purchased certain assets of Johnson & Strachan, Inc (JSI), for an undisclosed sum. Established in 1973 and having $2.7m in annual revenues, JSI offers a number of ...
Allied World US has signed a partnership agreement with Alteris Insurance Services to introduce a coverage program to wineries throughout the US. Offering under the comprehensive package program, dubbed WineryPlus, include property, ...
Tags: Allied World US, partnership agreement, Alteris Insurance Services
Allianz Life Insurance Company of North America has appointed Steve Thiel as the vice president of actuarial reporting and analysis, for timely reporting of actuarial balances while analyzing the financial performance. Serving as ...
XL Group, a global insurance and reinsurance company, has appointed Mary-Ellen Fiske as vice president for Umbrella and Excess Manager at its Surplus Lines unit. Fiske will be based at XL's Chicago office, and will report to XL Group's ...
Tags: XL Group, vice president, Umbrella business
Fairfax Financial Holdings has completed sale of its stake in Florida-based insurance firm Cunningham Lindsey for proceeds of nearly $270m. The acquisition follows an agreement signed between Luxembourg-based CVC Capital Partners and ...
Tags: Fairfax Financial Holdings, Cunningham Lindsey, insurance, stake
White Mountains Solutions Holding Company has signed a definitive agreement for acquisition of a runoff subsidiary of US insurer, American International Group (AIG). As part of the agreement, White Mountains will acquire American Fuji ...
Transatlantic Holdings(TransRe),a New York-based subsidiary of Alleghany Corporation,has acquired a minority stake in Bermuda-based insurance asset manager,Pillar Capital. The company also confirmed a multiple-year commitment to invest in ...
Tags: Transatlantic Holdings, Alleghany, insurance
South Africa-based non-life insurer Santam has selected Guidewire Software PolicyCenter as its new underwriting and policy administration solution. In addition to Guidewire Rating Management to benefit more precise rating and pricing ...
Tags: non-life insurer, policy administration solution, new underwriting
Brown & Brown of Florida has purchased certain assets of Behnke & Associates, a personal lines property and casualty insurance provider, for an undisclosed sum. Under terms of the agreement, Behnke & Associates' Hollywood office will join ...
Tags: property and casualty insurance provider, various insurance
PZU Insurance Group (PZU) has selected Guidewire PolicyCenter and Guidewire BillingCenter for underwriting, policy administration and billing operations. In addition to Guidewire Rating Management, PZU selected Guidewire Reinsurance ...
Tags: PZU Insurance Group, Guidewire PolicyCenter, Guidewire BillingCenter
Aon has introduced a fully probabilistic flood catastrophe model for Thailand, aimed to assist global insurers in better understanding risk management exposures. The new model features improved key drivers for understanding flood risk in ...
Tags: global insurers, risk management, Aon, flood catastrophe model