Growth Initiatives
Berkshire Hathaway Specialty Names Execs for New Hong Kong Operation
Berkshire Hathaway Specialty Insurance announced Sunday that it has received an insurance license to carry on all classes of general business in Hong Kong. BHSI also announced the following ...
2014 in Video, Courtesy of Carrier Management
Carrier Management's video interviews ran the gamut in 2014, from an evaluation of life without TRIA, to employee talent, the reinsurance market, expansion, P/C industry expectations for 2015 and ...
Report: XL Group/Catlin Merger a Done Deal
XL Group plc may have already closed an M&A deal with rival Catlin, according to international media reports. XL CEO Mike McGavick acknowledged on Dec. 17 that talks were underway, with a ...
Watch Out Allstate: Progressive Adds Home Coverage With $875M ARX Buy
Progressive Corp., the fourth-largest U.S. auto insurer, is expanding in home coverage to challenge rivals including Allstate Corp. that are better known for bundling different types of policies. ...
CinFin Eyeing High-Net Worth Market Biz Expansion
Late last week, Cincinnati Financial Corporation announced a five-year plan for its lead property/casualty insurance subsidiary, The Cincinnati Insurance Company, to bring enhanced insurance products ...
Willis Group Closes Purchase of IFG Financial Businesses in Ireland
Willis Group Holdings completed its acquisition of a number of Irish pension and financial advisory businesses from IFG Group for an undisclosed price. The deal went through subsidiary Willis ...
Travelers Dives into Colombia Through Brazilian Joint Venture
The Travelers Cos. said it will be expanding into Colombia through a joint venture it has maintained in Brazil. By way of its partnership with J. Malucelli Participações em Seguros e Resseguros ...
Uber Insurer James River Jumps Into Junk-Rated Loans
The insurer that ride-sharing service Uber Technologies Inc. uses to protect drivers and passengers is going public, promoting how it's more willing than competitors to invest in junk-rated loans. ...