Specialty insurer ProAssurance has reached an agreement to purchase Eastern Insurance Holdings (EIHI), for $24.50 per share in an all-cash transaction valued at nearly $205m. Under the terms of the agreement, which is likely to conclude ...
Tags: Proassurance, Eastern Insurance
Boston-based Liberty Mutual Insurance’s group benefits unit has launched a new online capability for group life insurance beneficiaries, to offer speedy and easy access to important claims documents and information. Using a secure ...
The UK International Underwriting Association (IUA) has urged the US government to keep providing its support for writing of terrorism insurance. "Without a renewal of the Terrorism Risk Insurance Act (TRIA), private provision of ...
Tags: Insurance
Jardine Lloyd Thompson Group (JLT) has inked an agreement to acquire Towers Watson's (TW) reinsurance brokerage business, in a cash transaction valued at approximately $250m. The acquisition is part of JLT's strategy to establish global ...
Tags: Service
Allied World US has introduced a new admitted lawyers' professional liability product, to help law firms to emerge from challenges faced in the current environment. Dubbed as Allied World LPL Assure, the new product addresses challenges ...
Tags: Service
ACE has received a license from the Tunisian Ministry of Finance to set up its reinsurance operation in the country, which is part of its continued strategy to boost business across Middle East and North Africa (MENA) region. The global ...
Tags: Insurance License
US-based property/casualty underwriter Western Reserve Group has chosen Guidewire's InsuranceSuite, as its new platform for rating, underwriting and policy administration, claims management, and billing. Additionally, the insurer has also ...
Tags: Service
Berkshire Hathaway’s P&C and life/health reinsurance arm General Re’s $72m settlement with AIG’s investors has won a final approval by a US federal judge, which charged the firm for involvement in a fraudulent transaction ...
Tags: life/health reinsurance
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
Brit Group Specialty, an Amsterdam-based global specialty insurance and reinsurance firm, is all set to expand its distribution network in Bermuda with the opening of new branch office. The new office, which is subject to regulatory ...
Tags: Brit Group, Distribution Network
Endurance Specialty Holdings, a Bermuda-based provider of property and casualty insurance and reinsurance, is to expand its Asia Pacific reinsurance business with the addition of its Singapore-based Global Catastrophe Reinsurance (GCR) ...
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 ...
Tags: Lancashire Holdings, insurer
SCOR Global Life Americas (SGLA), a reinsurance solutions provider, has appointed Scott Boug as senior vice president for Financial Solutions and deputy head of SCOR Global Life Financial Solutions. Scott will lead the structuring ...
New York-based risk and financial management firm Towers Watson has placed its reinsurance broking arm for sale. The company is also planning to rope in one of the Wall Street banks to sell the business. The sale price has not been ...
Tags: Towers Watson, Service
The New York Department of Financial Services (DFS) has ordered Lloyd's of London to furnish the comprehensive details about the findings of its internal market investigation over the potential violations of the US sanction laws, while ...