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 ...
Tags: Lancashire Holdings, insurer
Bermuda-based global diversified insurance and reinsurance holding company Tower Group International (TWGP) has terminated its agreement to acquire American Safety Reinsurance (ASRe), from Fairfax Financial. Without disclosing reasons for ...
Tags: Tower Group, diversified insurance
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. ...
Tags: Lancashire, Cathedral Capital
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 ...
Tags: Rollins Agency, Brown&Brown
Tower Group International (TWGP) has inked a deal to purchase American Safety Reinsurance (ASRe), the Bermuda-based reinsurance firm, from Fairfax Financial, at a total consideration of nearly $59m. After completion of the transaction, ...
Tags: Tower Group, Fairfax Financial
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 ...
Tags: XL, Compliant Insurance
A unit of Aspen Insurance Holdings Limited (AHL), Aspen Reinsurance (Aspen Re) has established a new division, known as Aspen Capital Markets, to expand its footprint in the alternative reinsurance market. Aspen Re chief executive officer ...
Tags: Aspen Re, Capital Markets
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
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 ...
US life insurer MetLife is likely in the process of selling its UK bulk annuities business, MetLife Assurance Limited, in a deal which might be valued around pound 1bn, in a bid to consolidate its operations. The sale is part of the ...
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