Strategy
ACP Re/Tower Group Merger Deal Finally Closes
After months of uncertainty, the merger of ACP Re Ltd. and struggling reinsurer Tower Group International has finally closed. Bermuda-based ACP Re and Tower announced on Sept. 12 that all regulatory ...
From Great to the Next Billion: Scottsdale President Miller on Vision and Execution
"Successful Associates. Successful Customers. The Next Billion." That's the "simple vision" described on the website of Scottsdale Insurance, where employees are called "associates" and wholesale ...
Britain is 1st Western Govt. to Issue Offshore Bond in China’s currency
Britain will become first Western government to issue an offshore bond in China's renminbi currency, finance minister George Osborne said on Friday, deepening efforts to build financial links with ...
XL Group Grabs Minority Stake in Ada Investments
An affiliate of XL Group plc, the global insurance and reinsurance company, recently bought up a minority stake in Ada Investments. Neither side is disclosing specifics. Ada Investments is based in ...
Ironshore Boosts Life Sciences Business Coverage Capacity
A division of Ironshore Inc. – a billion-dollar insurance holding company – is expanding its pharmaceutical, biotechnology and medical device industry coverage capacity. IronHealth is Ironshore's ...
Navigators Expands European Operations
The Navigators Group Inc., an international specialty insurance holding company, is pursuing a European expansion. Its European underwriting management subsidiary, Navigators Underwriting Ltd., has ...
Canopius Unveils U.S. Property Re Expansion Push
Canopius Group Ltd., a global specialty reinsurance company based in the U.K., will expand its U.S. operations nearly a year after getting snatched up by a Japanese casualty insurance giant. Canopius ...
Marsh, Aon Benfield Launch Cyber Covers Aimed at Cat, Re Buyers
Some major industry players have launched new policies designed to address growing need and demand for cyber insurance. Marsh, the global brokerage unit of Marsh & McClennan Cos., recently ...