Growth Initiatives
Insurance-Linked Securities on Track to Break Issuance Records: Willis
Insurance-linked securities (ILS) will break issuance records last set in 2007 as the embrace of alternative investments in the property/casualty industry continues to grow, according to an update ...
XL Group Fills Major Executive Slot
XL Group, a global insurance and reinsurance company, has hired from within to fill a crucial executive position. Michael Garceau will now be chief financial officer of XL Group's global insurance ...
United Insurance Holdings Corp. Takes on Citizens’ Florida P/C Policies
United Insurance Holdings Corp. said it has initiated the takeout of more than 37,000 personal and commercial residential policies from Citizens Property Insurance Corp. in Florida. The transition ...
Apple, Facebook Offer Egg-Freezing Insurance Coverage For Employees
Apple Inc. is following Facebook Inc. by offering company insurance coverage to women who wish to freeze their eggs. Facebook started providing the benefit, which applies to employees and their ...
Zurich Insurance CIO Wants New Rules to Protect Green Bond Boom
The integrity of the fast-growing "green bond" market is at risk unless a clear definition of what passes for green can be agreed, Zurich Insurance's investment chief told the Reuters Global Climate ...
White Mountains Grabs Majority Stake in Web Insurance Broker
White Mountains Insurance Group Ltd. purchased a majority stake in Tranzact for $178 million as the insurer renews its bet on policy sales through the Internet. White Mountains acquired 63 percent of ...
Hamilton USA Becomes Valiant Insurance’s Latest Owner
Valiant Insurance Company has traded hands again. This time, the new owner is Hamilton USA, the New Jersey-based insurance operations of Hamilton Insurance Group. Here's the transaction in detail: ...
Willis Gains Swedish OK for $205M investment in Max Matthiessen
Willis Group Holdings plc said it's gotten a pivotal O.K. from Swedish regulatory authorities to complete its acquisition of a 75 percent stake in Max Matthiessen, a personal insurance, health plan ...