Strategy
Fireman’s Fund Goes the Way of the Dodo Bird With ACE Acquisition Deal
The Fireman's Fund Insurance Co. brand is all but finished now, thanks to an end-of-year M&A deal. ACE Group disclosed on Dec. 18 that it has agreed to buy Fireman's Fund's high-net-worth ...
With TRIA Renewal Efforts Killed, Some Predict Market Chaos
Property/casualty insurance industry groups, business associations and observers alike were quick to condemn the death of TRIA renewal for 2014. Without federal terrorism reinsurance in place for ...
XL Group CEO Confirms M&A Talks with Rival Catlin
XL Group plc has confirmed that it is in preliminary discussions focused on potentially acquiring rival Catlin. If an M&A agreement comes together, it would be a major consolidation move in the ...
Argo to Snatch up OneBeacon’s Lawyers Professional Liability Business
OneBeacon Insurance Group Ltd. has sold the renewal rights to its lawyers professional liability business to Argo Group US, Inc., a member of Argo Group International Holdings Ltd. The transaction ...
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. ...
Where Should Carriers Invest: Technology or Agency Relationships?
Deep Customer Connections, a research and consulting firm, is teaming up with Wells Media on a research project that will be published in Carrier Management in 2015. The topic: Where Should Carriers ...
Lobbying Onslaught Counters TRIA Renewal Stumble
It is in the Senate's hands to extend the Terrorism Risk Insurance Act, or TRIA, a law that establishes federal reinsurance in case of a terrorist attack, but legislative disputes threaten to prevent ...
Insurance Tech Companies Majesco and Cover-All Plan to Merge
Insurance tech-company Cover-All Technologies plans to merge with rival Majesco, a deal that will create an operation with $100 million in annual revenue and a global reach. Majesco (formerly ...