April 26, 2012
Tower Group announced that it has committed to invest $75 million (based on the current exchange rate) in Canopius Group, Ltd., a privately owned Lloyd’s insurance holding company domiciled in Guernsey, Channel Islands. “Canopius’ principal business is insurance and reinsurance …
April 26, 2012
Selective Insurance Group, headquartered in Branchville, N.J., reported $18.1 million net income for its 2012 first quarter, a 11.7-percent decrease compared to $20.5 million income reported during the prior-year quarter. Total net premiums written were $420.2 million, up 16 percent …
April 26, 2012
The 2012 Atlantic hurricane season is projected to be less active than in recent years with 11 tropical storms, six of which will intensify into hurricanes, U.S. private forecaster Weather Services International said on Wednesday. Two of the six hurricanes …
April 26, 2012
OneBeacon Insurance Group Ltd. has formed a new specialty business, OneBeacon Program Group (OBPG), which will be led by President Dan Beaudette. The group will focus on small to medium commercial business written through select managing general agents, managing general …
April 26, 2012
Burlington, NC, 04/26/12 -AmWINS Transportation Underwriters, an A+ XV Admitted Carrier, is proud to be 1 of only 3 MGAs with access to a new long haul trucking program for TX trucking operations. The new program limits up to $1M …
April 26, 2012
MAPFRE GLOBAL RISKS, a subsidiary of Spain’s MAPFRE, which specializes in underwriting large risks, announced that for the next there years it will insure the aviation risks in the insurance programs of Iberia, Vueling, Air Nostrum and the newly created …
April 26, 2012
Maritime risk management firm Lloyd’s Register has shut its operations in Iran and can no longer vouch for the safety of the OPEC member’s fleet due to Western sanctions, the head of the company told Reuters. Lloyd’s Register, a classification …
April 26, 2012
Lloyds of London insurer Canopius said it has agreed to buy rival Lloyd’s insurer Omega after raising its offer to £164 million ($265.6 million) in a recommended cash deal. Canopius said on Wednesday it will pay 67 pence [$1.085] per …
April 26, 2012
Willis Group Holdings announced two key appointments to its Global Solutions (International) team, increasing its multinational client focus in Asia. Karen Lieu recently joined as Managing Director, Asia Global Solutions (International), while Michelle Zhou has been appointed Divisional Director, Global …