Grahame Chilton, who helped build Benfield Group Ltd. before selling it to Aon Plc in 2008, has formed a partnership with Arthur J. Gallagher & Co. to start a reinsurance brokerage. The new business, Capsicum Reinsurance Brokers LLP, will be …
Eastern Insurance Group, Westover Insurance Eastern Insurance Group, an insurance agency and a subsidiary of Eastern Bank based in Natick, Mass., acquired Westover Insurance Agency in Lynnfield, Mass. Eastern Insurance said the acquisition increases its customer base north of Boston, …
Swiss Re announced that it has entered into a transaction with Zurich Insurance Company Ltd to acquire a 4.9 percent stake in New China Life Insurance Company Ltd, in a move it described as reaffirming its “commitment to high growth …
R-T Specialty, Westrope Chicago-based national wholesale insurance broker R-T Specialty said it has agreed to merge with another wholesale broker Westrope, based in Kansas City, Mo. Terms of the transaction were not disclosed. Westrope has a national presence with concentrations …
Axa SA agreed to buy a controlling stake in Colombian insurer Colpatria Seguros for €259 million ($346 million) to expand its Latin American operations. The purchase of 51 percent of the business gives the Paris- based insurer control of a …
Integro (Canada) Ltd. announced its acquisition of Winnipeg-based Multimedia Risk Inc., an insurance brokerage, which specializes in serving the national and international film and television production industry from offices in Canada and the United States. Financial considerations were not disclosed. …
The Travelers Companies, Inc. announced the completion of its acquisition of The Dominion of Canada General Insurance Company from E-L Financial Corporation Limited. The combined organization, which will be referred to as Travelers Canada, will remain headquartered in Toronto. “The …
MMI Holdings Ltd., South Africa’s third-largest insurer, agreed to pay 1.6 billion rand ($157 million) for Alexander Forbes Ltd.’s insurance business. MMI will fund the cash acquisition of Guardrisk from its “capital buffer,” the Johannesburg-based company said in a joint …
Aspen Re Bermuda-based Aspen Reinsurance, the reinsurance segment of Aspen Insurance Holdings Ltd., has formed Rock Re, a new dedicated brokered property facultative unit within its U.S. operation. Rock Re will build on Aspen Re’s existing direct property facultative offering …
The London-based Hyperion Insurance Group, an international insurance intermediary, announced its intention to expand its underwriting agency business in the U.S. through the acquisition, by its subsidiary DUAL, also based in London, of PGI Commercial, a property/casualty program manager headquartered …
