Property and casualty insurer ACE has established a $95m special purpose vehicle, Altair Re, to offer additional collateralized capacity for its global reinsurance business. The capital will be used to largely support ACE Tempest Re's ...
Tags: ACE, Special Purpose Vehicle
ACE European Group has named John Napier as the new non-executive chairman of two of its key entities, ACE European Group and ACE Underwriting Agencies. The appointment of Napier, who previously has undertaken senior roles within UK and ...
Tags: ACE European Group, appointment
ACE Group, a multiline property and casualty insurer, has unveiled a new agriculture property and casualty insurance business, known as ACE Agribusiness, in a bid to further reinforce its presence in the sector. The newly established ...
Aurigen USA Holdings has acquired Brokers National Life Assurance from Ameritas Life Insurance, following the receipt of approval from concerned regulatory bodies. Financial terms of the transaction remain undisclosed. Originally inked ...
Tags: Aurigen Capital, Life Assurance
Aspen Insurance has formed a specialty marine, energy and construction unit within its US business, which will underwrite various onshore energy and construction sector businesses. Based in the US, the new operation will focus on property ...
ACE Medical Risk Group has launched an array of physician professional liability insurance products and coverage services to support hospitals and healthcare facilities for their employed physicians, and their owned or affiliated medical ...
Tags: ACE USA, Liability Insurance
Genworth US Mortgage Insurance (USMI) has agreed to settle the review of industry captive reinsurance arrangements with the Consumer Financial Protection Bureau (CFPB) Based on the terms of the agreement, Genworth will reimburse $4.5m ...
Tags: Genworth USMI, CFPB
MFX has signed a teaming agreement with Prevail Consulting to offer the Prevail Reinsurance System to its customers. The solution will be provided as part of MFX's Integrated Insurance Platform, which is a comprehensive, on-demand, ...
Tags: MFX, Prevail Reinsurance System
ACE Group, a multiline property and casualty insurer, has unveiled a new insurance plan covering global life science risks for organizations in continental Europe, designed to further build its casualty offering for businesses in the ...
A wholly-owned subsidiary of Bermuda-based Enstar Group (ESGR) has acquired HSBC Insurance Company of Delaware and Household Life Insurance Company of Delaware as well as its three subsidiary insurers from Household Insurance Group Holding ...
Canadian mutual insurance firm Wawanesa Mutual Insurance Company has chosen Guidewire’s PolicyCenter and BillingCenter as its new underwriting and policy administration technology and to manage its billing operations, respectively. ...
Tags: Wawanesa, Guidewire Technologies, Insurance Operations
US-based diversified conglomerate Berkshire Hathaway has agreed to reimburse $610m to Swiss Re, a re/insurance group, over a life retrocession agreement that was completed in 2010. After the completion of the agreement, the total ...
Tags: Service
Property and casualty insurer ACE has acquired Fianzas Monterrey in Mexico, a surety lines company, from New York Life Insurance for nearly $293m in cash. Originally inked in September 2012, the transaction was successfully completed ...
PartnerRe, a provider of diversified reinsurance services, has established a new reinsurance sidecar facility, called Lorenz Re, to offer additional capacity to a number of its customers. Capitalized with $75m through the issuance of ...
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 ...