Brown & Brown, Inc. (NYSE: BRO) today announced its preliminary, unaudited financial results for the third quarter of 2013. Net income for the third quarter of 2013 was $57,749,000, or $0.39 per share, compared with $49,504,000, or $0.34 ...
Tags: Brown&Brown, J.Powell Brown
London-based insurer RFIB Group (RFIB) has officially launched its new representative office in Durban, South Africa, as part of its strategy to boost its operation in the sub-Saharan insurance market. RFIB director John Hoggard has been ...
Tags: RFIB, Representative Office
Allied World US, a subsidiary of Switzerland-based specialty insurance and reinsurance company, Allied World Company Holdings (AWH), has rolled out a new independent directors liability product named Independent ForceField. The new ...
Lancashire Holdings’ proposed plan to acquire Cathedral Capital Limited, a privately owned Lloyd's insurer, in an all-cash deal worth £266m, has been approved by its shareholders. The transaction, originally signed on 7 ...
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International specialty insurance and reinsurance products provider Lancashire Holdings has entered into a conditional agreement to acquire Cathedral Capital Limited, a privately owned Lloyd's insurer, in a deal worth £266m in cash. ...
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Brown & Brown of New York has completed acquisition of certain assets of The Rollins Agency for an undisclosed amount. With annual revenues of approximately $5.5m, The Rollins Agency has been providing a range of insurance products and ...
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Brown & Brown has elected James S. Hunt (Jim) to its board of directors, in an effort to help the firm as it moves towards its next intermediate revenue goal of $2bn. Having worked with the Walt Disney Company from 1992 to 2012, Jim most ...
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XL Group will offer Shariah compliant insurance cover to large corporate and middle market clients, targeting market on a global basis, excluding the US and Canada. Offered through underwriting agency Cobalt Underwriting, the new ...
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Argo Group International, a Bermuda-based underwriter of specialty insurance and reinsurance products, has appointed Thomas A. Poland as vice president. Based in Colony Specialty's Alpharetta, Georgia office, Poland will lead the Colony ...
White Mountains Solutions Holding Company has signed a definitive agreement to buy a runoff insurance subsidiary of Leucadia National Corporation (LUK), Empire Insurance. Subject to customary closing conditions and regulatory approval ...
Tags: White Mountains, Empire Insurance, Insurance
Argo Group International Holdings, a Bermuda-based underwriter of specialty insurance and reinsurance products, has established the first sidecar for the 2013 accident year. Named Harambee Re 2013-1, the newly set up sidecar, will support ...
Tags: Argo Group, insurance products, reinsurance products, insurance
Brown & Brown of Kentucky, a wholly-owned subsidiary of Brown & Brown, has completed acquisition of certain assets of Gilbert RV Insurance. Gilbert RV Insurance, which possesses combined annual revenues of $2.4m, will function as a branch ...
Tags: Kentucky, acquisition, Gilbert RV Insurance, insurance
Alterra Capital Holdings, a provider of insurance and reinsurance products, has increased its total capital committed to New Point V Limited to $247m. The sidecar vehicle was established by the company in June 2012 with a capital of ...
Tags: insurance and reinsurance products, sidecar vehicle, additional capacity
New York subsidiary of insurance broker Brown & Brown has inked an agreement to buy certain assets of Rowlands & Barranca Agency (RBA), for an undisclosed sum. The acquired entity delivers various employee benefits brokerage and ...
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