Italian insurer Generali Group has inked an agreement with Cattolica to divest 100% of the capital of Fata Assicurazioni Danni, in a transaction valued at nearly €179m. Generali noted that the transaction will enable it to further ...
Tags: insurer, Generali Group
Global multiline property and casualty insurer ACE Group has reported net income of $916m, of $2.66 per share for the third quarter of 2013, up by 43.1% compared to $640m, or $1.86 per share, during the same period last fiscal. ACE ...
Tags: property insurer, casualty insurer
French diversified financial service conglomerate SCOR Group has acquired the US life reinsurance business of Italy-based insurer Generali Group, for total gross proceeds of $910m in a combination of cash and collateral. The acquisition, ...
Tags: SCOR Group, Life Reinsurance
Boston-based Liberty Mutual Insurance’s group benefits unit has launched a new online capability for group life insurance beneficiaries, to offer speedy and easy access to important claims documents and information. Using a secure ...
RGA Reinsurance Company has been granted a preparatory license by the China Insurance Regulatory Commission (CIRC) to operate a licensed life reinsurance branch in Shanghai, China, which is likely to be fully operational within one year. ...
Italy-based underwriter Generali Group has entered into an agreement to dispose of its US life reinsurance business to SCOR, in a deal valued at nearly $920m in a grouping of cash and collateral. Under the terms of the transaction, nearly ...
Tags: Generali, Life Reinsurance
In its eighth year, the Shaw Contract Group Design Is… Award program honors architecture and design firms that are changing the very idea of what design is. This year, Shaw Contract Group introduced Market Awards, representing the ...
Property and casualty insurer ACE has reported net income of $953m during the first quarter of 2013, with a decrease of 2% compared to $973m during the corresponding period earlier year. For the latest quarter period ended on 31 March ...
Tags: ACE, Net Income
Aurigen USA Holdings has acquired Brokers National Life Assurance from Ameritas Life Insurance, following the receipt of approval from concerned regulatory bodies. Financial terms of the transaction remain undisclosed. Originally inked ...
Tags: Aurigen Capital, Life Assurance
US-based diversified conglomerate Berkshire Hathaway has agreed to reimburse $610m to Swiss Re, a re/insurance group, over a life retrocession agreement that was completed in 2010. After the completion of the agreement, the total ...
Tags: Service
Aurigen Capital has signed a definitive agreement to acquire Brokers National Life Assurance Company from Ameritas Life Insurance. Under the terms of the agreement, Aurigen Capital's unit Aurigen USA will buy Brokers National Life ...
Reinsurance Group of America has registered a second-quarter net income of $141.1m, or $1.91 per diluted share, against a net income of $123.9m, or $1.66 per diluted share in the prior-year quarter. For the current quarter period, its ...
Tags: Reinsurance Group, quarter 2 net income, insurance, reinsurance
Italy-based Generali is contemplating to dispose its US life reinsurance business, thus paving a way to exit from US underwriting market. Italian largest insurer by annual premiums has appointed Citigroup to counsel it on the proposed ...
Tags: insurance, life reinsurance, reinsurance, increase