Thomas Bergin Agency Thomas Bergin Agency of Woodland Hills, Calif., joined the ISU Network. Founded in 1991, ISU Thomas Bergin Agency specializes in condominium associations, apartments and commercial real estate located in Los Angeles and Ventura County, Calif. The ISU …
Bermuda-based Validus Holdings has joined with other investors in capitalizing and launching AlphaCat Re 2011, Ltd., which it describes as a “new special purpose ‘sidecar’ reinsurer formed for the purpose of writing collateralized reinsurance and retrocessional reinsurance.” Vaidus said “AlphaCat …
Australia’s QBE announced it has completed acquisition of Balboa’s Insurance portfolio, following the agreement with Balboa’s parent, Bank of America, to do so last February. QBE noted that the “transaction includes a long-term distribution agreement with Bank of America for …
Intact Financial Corp has agreed to buy the Canadian arm of AXA Group for C$2.6 billion ($2.684 billion) in cash in a move that will boost its premiums by more than 40 percent and diversify its product mix. The deal …
Swiss Re announced that it will acquire approximately 300,000 policies and £1.6 billion [$2.62 billon] in assets from American Life Insurance Company. The transaction reinforces Swiss Re’s “commitment to strengthening its Admin Re® market presence,” said the bulletin. It has …
Brit Insurance, which is domiciled in the Netherlands and headquartered in London, announced the opening of a new Lloyd’s service company in Sydney, Australia. The bulletin noted that the new facility follows “the successful establishment of a representative office in …
Thomas H. Lee Partners, L.P. (THL), a private equity firm, and the French-owned Sword Group announced that they have signed a definitive agreement under which THL will acquire Sword Insurance, a leading global provider of software and services to the …
MAPFRE, a major non-life insurance group in Spain and Latin America, and MITSUI SUMITOMO INSURANCE (MSI), Japan’s principal non-Life insurance group in Asia, announced that they have “extended their framework partnership agreement to all the countries where the groups have …
Clements International has completed a six month rebranding effort to become Clements Worldwide. This change “unifies the company’s Washington, DC and London offices under one brand, and positions it for future regional expansion,” said the bulletin. Director of Marketing Sergio …
Cooper Gay Swett & Crawford Ltd (CGSC) announced the establishment of a specialist marine insurance broker, Junge Verzekeringsmakelaars NV, in Antwerp. The office is part of Junge & Co, which is affiliated with CGSC. The business will trade as Junge …
