Boston-based Liberty Mutual Group will further expand its Latin American insurance business with the purchase of the insurance operations of AGF Allianz Chile S.A., a unit of France’s AGF, which is in turn a division of Germany’s Allianz AG. The …
Standard & Poor’s Ratings Services announced that it has affirmed its ‘A+’ counterparty credit and financial strength ratings on Australia’s QBE Reinsurance Corp. (QBE Re) and QBE Insurance Corp. (QBEIC). S&P noted that the ratings of both companies are based …
Acordia RE announced today that Jason Witthun has joined the organization as an Account Executive in Lawrenceville, N.J. Most recently, Witthun worked for American E&S, Acordia’s excess and surplus lines division, based in the Florida office where his focus was …
Aon/Albert G. Ruben, an insurance broker for the entertainment industry, released its Global Risks in Filmmaking map that measures major risks, including crime, organized crime and corruption, kidnap and ransom, disease risk and medical care, and assigns an overall risk-level …
London-based Allianz Global Risks, a unit of Germany’s Allianz AG, announced that it will act as the lead insurer for the second Orinoco River Bridge Project. At 2,140 kilometers (1285 miles), the Orinoco is South America’s third largest river, running …
Rain and Hail L.L.C., a national crop insurance underwriter, is the newest company partner of Trusted Choice —the national branding initiative created for independent agents and brokers that highlights the benefits they offer to consumers. Rain and Hail, based in …
Liberty Mutual Group announced that it has concluded the acquisition process by its Spanish subsidiary, Liberty Insurance, of MetLife’s Spanish operations, including its non-life subsidiary, Genesis Seguros Generales, S.A., and its life subsidiary, Seguros Genesis, S.A. The companies offer auto …
Mexico’s Grupo Elektra S.A. de C.V., one of the country’s biggest retailers, announced that it has received approval from the Ministry of Finance to purchase “a private insurance company in Mexico that will be renamed Seguros Azteca, S.A. de C.V.” …
Standard & Poor’s has issued new reports on the Latin American insurance industry, which concludes that the market, while still in a “developing stage,” has strong growth prospects. As far as the reinsurance market is concerned, the report noted that …
Boston-based Liberty Mutual Group announced that its subsidiary, Liberty International, has signed an agreement to acquire Winterthur’s Portuguese business units and branch offices, including its subsidiary companies Companhia Europeia de Seguros and Winterthur Pensoes. The terms of the deal were …
