Singapore-based privately held insurance broker Lockton has appointed Angel Kuan as the new development director of its Global Technology and Privacy Practice Under her new role, Kuan will primarily be responsible for the development of ...
Tags: Lockton, Development Director, Service
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. ...
Dovetail Insurance, a provider of cloud-based insurance product delivery services, has completed acquisition of NetComp Insurance, a Colmbia-based growing web-based distributor of workers compensation insurance. The deal combines ...
Tags: Dovetail, NetComp Insurance, Insurance
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
American International Group (AIG) has set up a new business unit, known as Connective Mortgage Advisory, with an aim to identify and purchase residential mortgages for investments. Leveraging AIG's investment expertise and the experience ...
Tags: AIG, loan-servicing component, insurer
Commercial lines writer W R Berkley has established a new underwriting firm, Berkley Southeast Insurance Group, to offer commercial insurance services and expertise in six southeastern states in the US. Based in Atlanta, Georgia, the new ...
Tags: Insurance Group, underwriting firm, insurance products
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
US-based retail property, casualty insurance brokerage, employee benefits consultant ABD Insurance and Financial Services has acquired the assets of Northern California's Insurance Associates. Further details of the transaction have not ...
Tags: ABD, Insurance Associates, ABD Insurance, Financial Services
American International Group(AIG)has inked a$400m reinsurance transaction with Compass Re to provide peak-zone protection against US hurricanes and earthquakes. In order to fund its potential obligations to AIG,Compass Re has also issued ...
Tags: AIG inks, 400m dollars reinsurance coverage, deal with Compass Re
US based American International Group (AIG) has entered into a non-binding term sheet with Chinese state-owned insurer PICC Group to set up a proposed joint venture insurance agency company that will sell life insurance and other insurance ...
Tags: AIG, PICC, insurance products
International insurance brokerage Arthur J Gallagher & Co has purchased Michigan based Charter Lakes Marine Insurance Agency, in a bid to boost its marine insurance operations in the region. Terms and conditions of the deal have not been ...
Tags: Charter Lakes Marine Insurance Agency, marine insurance, insurance, deal
Insurance brokerage and risk management firm Marsh & McLennan Agency (MMA) has acquired Brower Insurance Agency, an independent firm in Ohio, for an undisclosed sum. Following the transaction, the acquired enterprise will act as MMA's ...
Tags: insurance brokerage, risk management firm, independent firm
Florida based The Main Street America Group has chosen Clearwater Analytics, an investment accounting and portfolio reporting and analytics software firm, to offer consolidated investment accounting, reporting and analytics on its $1.7bn ...
Tags: Main Street America Group, Clearwater Analytics, investment accounting
Hawaii based Island Insurance, a locally owned property and casualty insurance provider, has added Guidewire PolicyCenter as its new underwriting and policy administration system, to improve its operational efficiencies and enhance business ...
American International Group (AIG) has reported 27% rise in net income attributable to AIG, which was $2.3bn for the second quarter of 2012, compared to $1.8bn during the same period last fiscal. For the latest quarter period, the ...
Tags: American International Group, net income, operating income