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Reinsurance
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Bliss & Glennon and Ereinsure Will Be Sold by Fortegra Financial to Amwins Group
Dec 6, 2013Fortegra Financial Corporation (NYSE: FRF), announced today that it has reached a definitive agreement to sell Bliss & Glennon, an excess and surplus lines wholesale insurance broker and managing general agency, and eReinsure, an online ...
Tags: Service
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Lloyd Agree Ironshore's Pembroke to Manage Acappella Syndicate 2014
Dec 6, 2013Pembroke Managing Agency of Ironshore has been granted permission by Lloyd's to manage a new syndicate for the 2014 year of account. Called Acappella Syndicate 2014, the new entity with a £75m stamp capacity is planning to raise ...
Tags: Service
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Aspen Has Established Silverton Re to Offer Additional Collateralized Capacity
Dec 4, 2013Aspen Reinsurance's capital markets division has established a new special purpose insurer called Silverton Re to offer additional collateralized capacity to support Aspen Re's global reinsurance business. Bermuda domiciled Silverton Re ...
Tags: Aspen Reinsurance, new special purpose insurer, Silverton Re
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Aon Benfield Announces The Appointment of Kelly Smith as President of Its U.S. Business
Nov 29, 2013Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc (NYSE: AON), announces the appointment of Kelly Smith as President of its U.S. business, effective today. Kelly will report to Bryon Ehrhart, Chief Executive ...
Tags: Kelly Smith, Aon Benfield, President
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Some States Are Going Beyond Affordable Care Act Provisions to Further Protect Consumers
Nov 27, 2013Several states are going beyond Affordable Care Act provisions to further protect consumers from health insurance premium increases, U.S. researchers say. Researchers at the Urban Institute and Georgetown University analyzed the ...
Tags: safeguarding, consumer, high insurance, rate
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Generali Group Has Inked an Agreement with Cattolica to to Cattolica for Eur179m
Nov 25, 2013Italian 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
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US CFPB Has Penalizes RMIC for Allegedly Paying Illegal Kickbacks
Nov 19, 2013The US Consumer Financial Protection Bureau (CFPB) has imposed a monetary penalty of $100,000 on Republic Mortgage Insurance Corporation (RMIC) for allegedly paying illegal kickbacks to mortgage lenders in exchange for business. In a ...
Tags: Insurance, Kickbacks Practices
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Xicato Gains 5 Year Warranties on Its LED Drivers
Nov 15, 2013Xicato announced that Harvard Engineering will now offer extended 5 year warranties on its LED drivers used with Xicato based luminaries that are thermally validated by Xicato. Luminaire Thermal Validation is a complimentary program offered ...
Tags: Harvard Engineering, LED Drivers
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Xuber Has Been Selected by Everest Reinsurance Company to Implement Xuber
Nov 14, 2013Xuber, Xchanging’s insurance software business, has been selected by Everest Reinsurance Company (“Everest Re”) to implement Xuber for Reinsurers in place of its existing legacy system. The deal marks the first customer to ...
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Willis Selected Agencyport Software's Risk Exposure Aggregation Solution, Open Xposure
Nov 14, 2013Willis, a global risk advisor and insurance and reinsurance broker, has selected Agencyport Software's risk exposure aggregation solution, OPEN Xposure, for its Global360 initiative. The company caters to the marine, energy, aviation, ...
Tags: risk advisor, insurance
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Acquisition of Cathedral Capital Limited Is Completed by Lancashire
Nov 11, 2013Further to the announcement made on 7 August 2013, the board of directors (the “Board”) of Lancashire Holdings Limited (“Lancashire” or the “Company”) is pleased to announce that it has completed the ...
Tags: Lancashire, Cathedral Capital
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Reinsurance Brokerage Business Is Sold by Towers Watson for $250m
Nov 8, 2013Towers Watson, a US-based risk and financial management firm, has completed the sale of its reinsurance brokerage business to Jardine Lloyd Thompson (JLT) in an all-cash deal of $250m. The Towers Watson brokerage operations will be merged ...
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Risk and Capital Management Decision-Making Tool Is Enhanced by Guy Carpenter
Nov 7, 2013Guy Carpenter & Company, a provider of risk and reinsurance intermediary services, has released version 7.2 of its risk and capital management decision-making tool, MetaRisk. The enhanced tool, which features several new catastrophe ...
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ACE Group Has Reported Net Income of $916m,of $2.66 Per Share for The Q3 of 2013
Oct 24, 2013Global 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
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Global Reinsurance Have Started Contract Talks for 2014 with Insurance Firms
Oct 23, 2013Global reinsurance firms Munich Re, Swiss Re and Hannover Re have started contract talks for 2014 with insurance firms, amid growing competition from pension funds, due to increased capital investment. The steady growth of investment by ...
Tags: Insurance Firms, Swiss Re