After rejecting offers from both Allied World Assurance and Berkshire Hathaway’s National Indemnity, Transatlantic Holdings has opened the door to another formerly rejected suitor, Validus Holdings, Ltd. The two companies have entered into a confidentiality agreement with, which paves the …
France’s AXA Group announced that it has successfully completed the sale of its Canadian operations in Property & Casualty and Life & Savings insurance to Intact Financial Corporation for a total cash consideration of C$2.6 billion (€1.9 billion; US$2.524 billion). …
The Palestinians want the United Nations to recognize a state. And the island nation of Tuvalu wants the United Nations to act – now – to keep their state above water. The high drama surrounding the historic Palestinian bid for …
Wells Publishing Inc. has named Young Ha as its new East editor for its flagship Insurance Journal online and print property/casualty insurance publications. Ha, based in New York, will cover the Northeast and Mid-Atlantic region for Insurance Journal magazine and …
The federal program that insures homes against flood damage expires next Friday and is at risk of not being renewed, even as an early fall storm threatens to inundate much of the northeastern United States yet again. Industry executives say …
Global reinsurer Swiss Re is introducing business interruption coverage in case of cholera outbreaks for women entrepreneurs in Haiti. Swiss Re, together with Mercy Corps and Fonkoze, the largest microfinance organization in Haiti, are introducing a new cholera insurance program. …
In the wake of spring flooding and additional flooding caused by Tropical Storm Irene, state and federal officials are encouraging Vermonters to sign up for federally-backed flood insurance before the end of the month, when the program is set to …
Encino, Calif.-based GNW-Evergreen Insurance Services LLC has appointed Teri Elliott as a client advisor in its nonprofit division. Elliott will serve the risk management and insurance needs of nonprofits with 501c3 designation and related organizations. Elliott will guide clients to …
McLarens Young International has acquired Washington Oregon Claim Service, a middle market claims adjusting firm in the Pacific Northwest. The acquisition is Atlanta-based MYI’s first step into the U.S. middle market, and will begin to balance its high value commercial …
Ryan Specialty Group LLC (RSG), based in Chicago, has completed the acquisition of specialist Lloyd’s insurer Jubilee Group Holdings Limited (Jubilee), the company announced. Jubilee currently operates two active syndicates at Lloyd’s, a managing agency and specialist underwriting distribution and …
