Connecticut-based insurance agency Gowrie has hired Farley Towse as a producer and insurance advisor in its Darien office. Towse will focus on advising clients throughout New England on their insurance needs, including home, auto, umbrella and yacht insurance. Prior to …
Bermuda-based Platinum Underwriters Holdings announced that it has increased the authorized amount under its existing share repurchase program to a total of up to $250 million of its common shares. “This represents an increase of approximately $167 million from the …
For the fourth consecutive year, A.M. Best Co. is maintaining a stable outlook for the global non-life reinsurance industry. The current outlook implies that the “majority of 2010 reinsurer rating actions are likely to be affirmations, with only a modest …
Bermuda-based PartnerRe Ltd. announced that Bruno Meyenhofer, Chairman of PartnerRe Global (the Company’s non-U.S. operations], has advised the Company of his decision to retire, effective March 31, 2010. He joined PartnerRe in 1998, through the Company’s acquisition of Winterthur Re …
The Bermuda-based Argo Group International Holdings, Ltd. (the successor company of the Argonaut Group) announced a record result for 2009 with net income rising by 87 percent to $117.5 million, or $3.81 per diluted share from $62.9 million or $2.05 …
Bermuda-based Validus Holdings, Ltd. reported net income of $165.8 million, or $1.23 per diluted common share for the three months ended December 31, 2009, compared with net income of $37.0 million, or $0.47 per diluted common share, for the three …
Bermuda-based Montpelier Re Holdings Ltd. reported greatly improved fourth quarter and full year financial results. The reinsurer’s fourth quarter net income was $104.7 million ($1.25 per share), compared to a loss of $47.7 million in Q4 2008. For 2009 net …
OneBeacon, Tower Group Massachusetts-based OneBeacon Insurance Group has agreed to sell its personal lines business to Tower Group Inc. in a deal that comprises two affiliate insurers and two reciprocal insurance exchanges in New York and New Jersey. The agreement …
OneBeacon, Tower Group Massachusetts-based OneBeacon Insurance Group agreed to sell its personal lines business to Tower Group Inc. in a deal that comprises two affiliate insurers and two reciprocal insurance exchanges in New York and New Jersey. The agreement calls …
Insurance giant Liberty Mutual Insurance is suing nine former employees and their new employer, Bermuda-based Aspen Insurance Holdings, alleging they have plotted to steal professional liability insurance business from its Liberty International Underwriters unit. The suit, filed Feb. 1 in …
