The Catlin Group Limited announced the formation of the Singapore Branch of Catlin Insurance Company Ltd. of Bermuda. Catlin Insurance Company Ltd. (Singapore Branch) writes specialty lines of direct insurance in Singapore and reinsurance throughout the Asia-Pacific region. The Singapore …
Liberty Mutual Group Inc. said it will buy the 49 percent stake in the former Quinn Insurance Ltd. in Ireland that it doesn’t already own from failed lender Irish Bank Resolution Corp. The company didn’t disclose financial terms. Liberty, based …
Sompo Japan Insurance Inc., a unit of Japan’s third-largest casualty insurer group by market value, confirmed earlier reports that it will buy Canopius Group Ltd. of the U.K. for 99.2 billion yen ($963 million) as it expands beyond its aging …
Insurance Australia Group Ltd. agreed to buy Wesfarmers Ltd.’s insurance underwriting businesses in Australia and New Zealand for A$1.85 billion [US$1.653 billion] to become the largest insurer in Australia. Wesfarmers will record a pretax profit of as much as A$750 …
Sompo Japan Insurance Inc., a unit of Japan’s third-largest casualty insurer group by market value, is considering buying the U.K.’s Canopius Group Ltd. as it continues an overseas expansion. The acquisition is under review, and no decision has been made, …
AmWINS Acquires Bliss & Glennon, eReinsure AmWINS Group Inc. has reached a definitive agreement with Fortegra Financial Corp. to acquire Bliss & Glennon, an excess and surplus lines wholesale insurance broker and managing general agency in California, and eReinsure, an …
Steven A. Cohen, the billionaire founder of SAC Capital Advisors LP, agreed to sell a reinsurer he formed in 2012 after the hedge fund firm reached a $1.8 billion deal to end a criminal investigation. A group led by former …
ANV Holdings BV, the Dutch-headquartered specialty insurance business founded by CEO R. Matthew Fairfield, and Ryan Specialty Group, LLC (RSG) confirmed the successful completion of the previously announced transaction to combine their Lloyd’s managing agency operations, ANV Syndicate Management Limited …
Insurance Australia Group Ltd., the nation’s biggest car and home insurer, is studying a bid for Wesfarmers Ltd.’s insurance unit, according to three people with knowledge of the matter. IAG is in talks with Perth-based Wesfarmers about an acquisition of …
Tokio Marine Europe and Kiln, both of which are part of the Tokio Marine Group, announced their intention yesterday to join forces to form a new combined operation as of the first of January 2014, subject to regulatory approval. The …
