Allied World Assurance Holdings (Ireland) has reached an agreement with Gravity Underwriting (Gravity), to acquire its 21.2% stake, for an undisclosed sum. As per terms of the strategic alliance, Gravity will assist in business ...
Allied World US, a unit of Allied World Assurance Company Holdings (AWH), has introduced a new surety line of business for clients in the US. The company has also appointed Robert Staples as senior vice president, Surety and will report ...
Tags: Allied World US, AWH, new surety line
USI Insurance Services has acquired Saint Louis-based Welsch Flatness and Lutz (WFL) and Construction Insurance Partners (CIP), to accelerate expansion as a middle-market insurance brokerage firm in the Greater St Louis metropolitan area. ...
US underwriter American Safety Insurance Holdings is gearing up to acquire Cayman-based insurer Bluestone Surety for an undisclosed sum. The insurer wholly-owned subsidiary, American Safety Holdings has inked stock purchase agreement to ...
Tags: underwriter, American Safety Insurance Holdings, Bluestone Surety
US based property and casualty insurer Tower Group has acquired a miniority stake of 8.5% in Cinium Financial Services for $7m in the form of convertible senior notes, which are due in 2026. The underwriter said that the recent investment ...
Tags: ower Group, Cinium Financial Services, stake, acquisition
Canada’s property and casualty insurance provider Intact Financial (IFC) has purchased specialty and niche insurance provider JEVCO Insurance, a wholly owned subsidiary of The Westaim Corporation, in a $530m deal. The deal and ...
Tags: IFC, property and casualty insurance, insurance, niche insurance
American Safety Insurance has bought Bluestone Agency and its Cayman insurance subsidiary, Bluestone Surety for cash, which focuses mainly on transactional commercial surety. As per the financial data released by the underwriter, ...
Tags: American Safety Insurance, Cayman insurance, commercial surety
US-based commercial insurance holding company, W R Berkley has promoted Andrew Tuma as the new president of Berkley Surety Group with immediate effect. Tuma recently served as the company's executive vice president and chief operating ...
Tags: commercial insurance, surety, contract surety, commercial surety