Keyword
specialty lines
Insurer looking at automated underwriting solution
November 20, 2017 Jason Contant, Online EditorBrokers placing coverage with Economical Insurance wanted the insurer to “clearly articulate [its] appetite and become competitive in specific areas,” so the insurer has created new core segments in small business, agriculture and transportation, and specialty lines. Matthew Buchalter, vice…
Liberty Mutual Insurance completes acquisition of Ironshore from Fosun International for US$2.94 billion
May 3, 2017 by Canadian UnderwriterLiberty Mutual Insurance has announced that it has completed its acquisition of 100% ownership in Ironshore Inc. from Fosun International Limited. Global insurer Liberty Mutual made the announcement earlier this week that it had acquired Ironshore Inc., a global specialty…
Sponsors completed one cat bond of about $600 million with coverage for Canada in Q1: PCS
April 12, 2017 by Canadian UnderwriterSponsors completed one catastrophe bond with coverage for Canada in the first quarter of 2017 (Galilei Re), according to Property Claim Services’ (PCS) first-quarter cat bond report released on Wednesday. As it was a large transaction, capital raised by cat…
Liberty Mutual announces acquisition of Ironshore Inc. from Fosun International Limited
December 5, 2016 by Canadian UnderwriterBoston-based Liberty Mutual Insurance announced on Monday that it has signed a definitive agreement to acquire Ironshore Inc., a global specialty lines company, from Fosun International Limited. The transaction is expected to close in the first half of 2017, pending…
Non-life premiums down 4% at PartnerRe
October 28, 2016 by Canadian UnderwriterPartnerRe Ltd., which writes commercial insurance and reinsurance worldwide, reported this week a 4% drop in Q3 non-life premiums while the combined ratio was essentially unchanged at 82.7% PartnerRe, which is based in Pembroke, Bermuda and has a Toronto office,…
Canada Pension Plan Investment Board to acquire Lloyd’s syndicate Ascot Underwriting for US$1.1 billion
September 16, 2016 by Canadian UnderwriterThe Canada Pension Plan Investment Board (CPPIB) announced on Friday that it has signed an agreement with American International Group (AIG) to acquire 100% of Ascot, AIG’s Lloyd’s platform, for a “total consideration” of US$1.1 billion. The CPPIB said in…
Ironshore’s M&A unit establishes an Americas presence, names management appointments in Toronto, New York and Atlanta
June 14, 2016 by Canadian UnderwriterIronshore International announced on Monday that its global Mergers & Acquisitions unit will establish an Americas presence to “address complex, multi-jurisdictional transactions within the North and Latin American regions.” The Americas team will be led by Navine K. Aggarwal, who…
Technology playing ever larger role in U.S. specialty lines carriers’ ability to attract and retain clients: Novarica
March 30, 2016 by Canadian UnderwriterSpecialty lines in the United States continue to be hypercompetitive, with technology playing an ever larger role in insurers’ ability to attract, retain and serve clients and brokers (agents) profitably, according to a new report from Novarica. The Business and…