WNS Global, South Carolina An Indian company is slated to open a new facility to process insurance claims and provide insurers other financial and accounting services that could create up to 750 new jobs in South Carolina. WNS Global Services …
American International Group AIG’s property/casualty division Chartis announced the launch of its hospitality and leisure industry practice group, which will provide specialized insurance and risk management products for the hotel, amusement, gaming, restaurant, resort and theme park segments. Chartis said …
strong>Arthur J. Gallagher & Co., Grossman & Associates Arthur J. Gallagher & Co. has acquired Grossman & Associates Inc. in Beachwood, Ohio. Terms of the transaction were not disclosed. Founded in 1980, Grossman & Associates is an employee benefits broker …
Atlas Atlas Financial Holdings Inc. has started selling its core commercial automobile insurance products in Utah, becoming the 31st state where Atlas is actively underwriting. Atlas’ insurance subsidiaries, American Country Insurance Co. and American Service Insurance Co., Inc., distribute their …
Southport Lane, Lonestar Holdco, Dallas National Southport Lane, a New York-based private equity firm, through its subsidiary Lonestar Holdco LLC, will acquire Dallas National Insurance Co., a Texas based property and casualty insurer. Dallas National, a subsidiary of Dallas National …
Southport Lane, a New York-based private equity firm, has acquired Redwood Reinsurance SPC, Ltd., a Cayman Islands-based reinsurer that provides treaty reinsurance for workers compensation and general liability insurance in the U.S. Terms of the transaction were not disclosed. Redwood …
Arch Reinsurance Europe Underwriting Limited announced that Maamoun Rajeh will be appointed as the company’s President and CEO as of July 1, 2012. He will succeed Helmut Söhler, who will assume the position of Vice Chairman of Arch Worldwide Reinsurance …
ACE Limited announced that the company and its local partner have reached a definitive agreement to acquire PT Asuransi Jaya Proteksi (JaPro) in Indonesia for approximately $130 million in cash. JaPro was established in 1963 and is headquartered in Jakarta. …
London-based R K Harrison announced that it completed the purchase of four businesses within Gibbs Hartley Cooper (GHC), a part of Marsh UK, on the 31st May. The businesses “comprise all of GHC’s Specie and Cargo practices and most of …
RSA announced that it has acquired L’Union Canadienne, Compagnie d’Assurances from Co-operators General Insurance Company, subject to regulatory approval. “L’Union Canadienne is the third largest intermediated Motor and Property insurer in Quebec, distributing products through a network of more than …
