The Plateau Group has entered into an agreement to acquire Individual Assurance Company's (IAC) credit and group mortgage insurance business in an undisclosed reinsurance transaction. As part of the agreement, major part of the IAC sales ...
Tags: Plateau Group, Individual Assurance Company, acquisition
AXIS Capital Holdings has reported net income attributable to common shareholders for the second quarter of 2012 of $168m, or $1.35 per diluted common share, up by 66% from $101m, or $0.79 per diluted common share, during the same period ...
Tags: AXIS Capital Holdings, net income, second quarter, common share, insurance
UK based Financial Services Authority (FSA) and Lloyd's of London have approved W R Berkley Syndicate Management to work as a Lloyd's managing agent. As per the agreement, effective from 1 June 2012, WR Berkley Syndicate Management will ...
Tags: FSA, W R Berkley Syndicate Management, managing agent, reinsurance
Alterra Capital Holdings has named Nicholas Conca as the new chief claims officer for insurance, to ensure consistent level of claims service to its insurance policyholders worldwide. With over 20 years of experience in the insurance ...
Tags: Alterra Capital Holdings, Nicholas Conca, insurance officer
Liberty Mutual Insurance (LMI), the commercial lines division of Liberty Mutual Insurance Europe, has named Anthony Martella as the new senior vice president and chief actuary of its Commercial Markets strategic business unit. Martella, ...
Tags: Liberty Mutual Insurance, Anthony Martella, senior vice president
Alterra Capital Holdings has posted a whooping rise of 142% in its net income to $78.9m, or $0.77 per diluted share, for the second quarter of 2012, against $32.6m, or $0.30, for the same period earlier year. Bermuda based insurance ...
Tags: Alterra Capital Holdings, net income, increase, second quarter
Property and casualty insurer ACE has promoted Lauretta Alberti as senior environmental insurance underwriter for the Benelux and Nordic region. Lauretta will report to Dorothee Prunier, environmental insurance manager, continental Europe ...
Tags: ACE, Lauretta Alberti, environmental insurance, insurance
W. R. Berkley has appointed Michael Connor as president of Continental Western Group, a provider of commercial insurance services. Connor succeeds Bradley Kuster, who will oversee other activities within the WRB group of companies. ...
Tags: Continental Western Group, commercial insurance, insurance service
Global property and casualty insurer ACE has inked a definitive agreement with Ally Financial to acquire ABA Seguros in Mexico for nearly $865m in a cash transaction. Commenting on the deal, ACE chairman and chief executive officer Evan ...
Tags: ACE, Ally Financial, ABA Seguros, acquisition
RLI, a specialty insurance company, has promoted both Jennifer Klobnak and Chris Randall to vice president, risk services. According to the underwriter, Klobnak will oversee property and personal lines products, while Randall will ...
Tags: RLI, Jennifer Klobnak, Chris Randall, vice president, risk service
The ACE Group, a provider of insurance and reinsurance services, has appointed Juan Alberto Vélez Arredondo as its new regional president for Latin America, ACE Life. Reporting to ACE Life president Russell Bundschuh, Velez will be ...
Tags: ACE Group, insurance, reinsurance service, insurance service
SeaBright has received shareholder approval for merger with Enstar Group, in a $11.11 per share in cash deal. Earlier in August 2012, both partied accepted to proceed with the merger and entered into a definitive agreement. The ...
Tags: SeaBright, merger, Enstar Group, shareholder approval
Aspen Insurance Holdings has reshaped the management of its insurance segment in order to hold a firm grip in the underwriting industry. The company has appointed its current co-CEO Rupert Villers as chairman of Aspen Insurance and ...
Tags: Aspen Restructures, Aspen Insurance Holdings, insurance segment
ACE USA, the US retail operating division of the ACE Group, has named Caroline Clouser as the executive vice president, medical risk & life sciences, with an aim to boost its market share in the US underwriting sector. Clouser will manage ...
Tags: ACE USA, Caroline Clouser, executive vice president, medical risk
ACE USA, the US retail operating division of the ACE Group, has named Caroline Clouser as the executive vice president, medical risk & life sciences, with an aim to boost its market share in the US underwriting sector. Clouser will manage ...
Tags: medical risk, life sciences, market share, Life Sciences division