International property and casualty insurance holding company Markel Capital has reached on agreement to purchase Abbey Protection to boost its product range in the UK and improve reach within the country’s retail market. Under the ...
Tags: Markel Capital, Abbey Protection
New York-based multinational insurance holding company AmTrust Financial Services has inked a contract to acquire the Insco Dico Group, in a transaction worth nearly $85m. Funded through existing working capital, the acquisition is ...
Tags: Service
Patriot National Insurance Group, workers' compensation insurance services provider, has deployed Vikaran Solutions' WorkersCompExpert (WCE), to address its growing business needs. The new configurable platform has been designed to ...
Tags: Insurance, WorkersCompExpert
Apollo Global Management (Apollo) has agreed to provide a set of heightened policyholder protections as part of Athene Holding's proposed acquisition of Aviva Life and Annuity Company of New York (Aviva New York). The New York's ...
Tags: Apollo, Policyholder Protections
Insurance holding company Assured Guaranty (AGO) has inked a settlement agreement with Flagstar Bank, for violation of representations and warranties (R&W) in insured residential mortgage-backed securities (RMBS). The insurer will receive ...
Tags: Flagstar Bank, Service, AGO
American International Group (AIG) and People’s Insurance Company (Group) of China (PICC) and PICC Life Insurance have signed a joint venture (JV) agreement to set up an agency distribution company in China. The US insurer invested ...
Multinational insurance holding company AmTrust Financial Services has purchased Mutual Insurers Holding Company (MIHC) and its subsidiary, First Nonprofit Insurance Company (FNIC). Headquartered in Chicago, Illinois, FNIC offers low ...
Tags: insurance carrier, insurance
CompWest Insurance has signed an agreement with Phoenix Risk Management Insurance Services, to write California health care workers' compensation insurance program for specific classes in the health care industry. Under the terms of the ...
Multinational insurance holding company AmTrust Financial Services has completed the acquisition of Sequoia Insurance and its subsidiaries, Sequoia Indemnity and Personal Express Insurance (Sequoia), for a consideration of nearly $60m. ...
Multinational insurance holding company AmTrust Financial Services has inked an agreement with the UK-based CPP Group to acquire CPPNA for approximately $40m. Headquartered in Saint Louis Park, Minnesota, CPPNA provides administrative ...
US insurance holding company WR Berkley has established a new underwriting business, Berkley Fire & Marine Underwriters, to concentrate on inland marine and related property risks regionally and nationwide. The products and services of ...
Tags: WR Berkley, insurance, Fire and Marine Underwriters Unit
Insurance holding company Assured Guaranty has reported net income $110m, or $0.57 per share for the year 2012, compared to $773m or $4.16 per share during the same period last fiscal. The decline in the net income was primarily due to ...
IGI Group, a wholly owned subsidiary of global insurance holding company AmTrust Financial Services, has purchased Car Care Plan (Holdings) (CCPH) from Ally Insurance Holdings, in a deal valued at nearly $70m. Commenting on the ...
Tags: IGI Group, global insurance, AmTrust Financial Services, CCPH
Prosperity Life Insurance Group (Prosperity) has entered into a definitive agreement to acquire SBLI USA Mutual Life Insurance Company (SBLI USA), through a sponsored demutualization. Further terms of the agreement have not been revealed. ...
Tags: Life insurance, insurance company, insurance
Multinational insurance holding company , Sequoia Indemnity and Personal Express Insurance (Sequoia), for nearly $60m. Under the terms of the definitive agreement, the transaction is expected to complete after receiving regulatory ...
Tags: Financial Services, Sequoia Insurance, Personal Express Insurance