Strategy
AmTrust Will Grow Commercial Insurance Presence With ARI Mutual Buy
AmTrust Financial Services said it has agreed to buy ARI Mutual Insurance Company, a deal that will give it access to a number of regional commercial insurance products and related distribution ...
AIG Buys Controlling Stake in NSM, Expanding Specialty Lines
American International Group Inc., the largest commercial insurer in the U.S. and Canada, bought a controlling interest in NSM Insurance Group as it seeks to expand niche offerings. NSM collects more ...
Former Zurich Insurance Exec Joins Berkshire Hathaway Specialty’s Singapore Team
Berkshire Hathaway Specialty Insurance continues to build its Singapore executive team, this time with a new hire from Zurich Insurance Group. Min Ong will serve as Asia Regional Head of Energy and ...
Amlin Sets Sights on Latin American Growth With New Miami Beachhead
Amlin Plc, a Lloyd's of London insurer and reinsurer, is the latest carrier to expand its focus on Latin America by way of Miami. The new Amlin office had a soft launch last October and formally ...
Insurers Slow to Maximize Big Data Potential Despite Importance: Fitch Ratings
Big data will become increasingly important to insurer profitability in multiple ways in the coming years, and the industry is starting to comprehend its potential. But carriers have been slow to ...
P/C M&A Worth More Now and Expanding in Scope: Deloitte and Assured Research
M&A activity in the property/casualty industry is increasing in deal value and will likely expand from reinsurers to primary carriers, according to two new industry reports. Deloitte said that ...
HCC Specialty Forms Strategic Alliance With Weather Analytics
Specialty insurance underwriter HCC Specialty has formed a new strategic alliance with Maryland-based Weather Analytics, an innovative provider of precision climate and weather data and analytics. ...
AIG Drawn to Indonesia Shariah Insurance Growth
Indonesia's Islamic insurance industry is expanding three times as fast as Malaysia's, prompting American International Group Inc. and Sun Life Financial Inc. to seek a broader presence in the ...