In a major transaction, ACE Limited has agreed to acquire The Chubb Corp. for $28.3 billion in cash and stock. The two firms said the combined company will have complementary businesses, skills and distribution and greater growth and earnings than …
DUAL Group, the underwriting arm of Hyperion Insurance Group, announced its launch into Central and Eastern Europe (CEE), following the acquisition of the majority stake of Toruń, Poland-headquartered insurance specialist, Data Connect Direct (DCD). This acquisition, which creates DUAL Polska, …
Willis Group Holdings plc’s chief executive officer, who is taking a lesser role under the insurance broker’s planned merger with Towers Watson & Co., has opted against taking some compensation that he was entitled to get. “Dominic Casserley will not …
Hyperion Insurance Group, the London-based insurance and reinsurance intermediary group, has announced that Oliver Corbett will join the group as CFO. Corbett, currently interim CFO at Towergate, will take up the role in August, subject to regulatory approval. After seven …
Second of two articles In the first article in this series, Paula Jarzabkowski, professor of Strategic Management at Cass Business School, City University London, discussed the findings of her book on the reinsurance industry, which show that the market is …
The loss of at least 150 lives in the crash of an Indonesian cargo plane raises fresh questions about the military’s reliance on old aircraft and on spending that has prioritized the army over the air force. The 51-year-old Lockheed …
UK-based Castel Underwriting Agencies, the club-style MGA formation platform, has appointed James Nugent as its first chief underwriting officer. He joins Castel from Amlin where he was head of underwriting performance and responsible for underwriting performance, governance and quality assurance. …
Catalina Holdings (Bermuda) Ltd. announced that “following receipt of approvals from the Central Bank of Ireland and from the High Court of Ireland, it completed the portfolio transfer of UK and EU insurance liabilities in run-off from Quinn Insurance Limited …
The world’s top banks and insurers are being forced to review their business models amid rapid inroads by nimble “fintech” start-ups, which are reshaping what consumers and businesses expect out of financial services, a report out Tuesday said. The report …
Insight Risk Management’s Nashville branch, WC Dillon Co./Insight, has hired three new staff members –Raleigh Harwell, Kaitlyn Russell, and Vickie Owens – increasing its local staff to 10. The company said the move is part of its strategy to take …
