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specialty lines

News InsuranceMarkets / CoveragesTechnology

Insurer looking at automated underwriting solution

November 20, 2017 Jason Contant, Online Editor

Brokers 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

News InsuranceLegalLegislation / RegulationMergers and AqcuisitionsReinsurance

Liberty Mutual Insurance completes acquisition of Ironshore from Fosun International for US$2.94 billion

May 3, 2017 by Canadian Underwriter

Liberty 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

News CatastrophesInsuranceMarkets / Coverages

Sponsors completed one cat bond of about $600 million with coverage for Canada in Q1: PCS

April 12, 2017 by Canadian Underwriter

Sponsors 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

News InsuranceLegalMergers and AqcuisitionsProfessional Development

Liberty Mutual announces acquisition of Ironshore Inc. from Fosun International Limited

December 5, 2016 by Canadian Underwriter

Boston-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

News Earnings / RatingsInsuranceMergers and AqcuisitionsReinsurance

Non-life premiums down 4% at PartnerRe

October 28, 2016 by Canadian Underwriter

PartnerRe 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,

News InsuranceLegislation / RegulationMarkets / CoveragesReinsurance

Canada Pension Plan Investment Board to acquire Lloyd’s syndicate Ascot Underwriting for US$1.1 billion

September 16, 2016 by Canadian Underwriter

The 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

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Ironshore’s M&A unit establishes an Americas presence, names management appointments in Toronto, New York and Atlanta

June 14, 2016 by Canadian Underwriter

Ironshore 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

News InsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

Technology playing ever larger role in U.S. specialty lines carriers’ ability to attract and retain clients: Novarica

March 30, 2016 by Canadian Underwriter

Specialty 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