Strategy
Watford Re Readies for Business; Best Assigns Ratings, Stable Outlook
In a statement Wednesday, Bermuda-based Watford Holdings Ltd. said it expects that reinsurance operations of its wholly-owned subsidiary Watford Re Ltd., will start up soon, following the recent ...
Runoff Specialist Catalina in Deal for SPARTA; Arch to Take ART Renewals
On Wednesday, Catalina Holdings (Bermuda) Ltd ("Catalina") and SPARTA Insurance Holdings, Inc. ("Sparta") announced a definitive agreement under which Catalina will acquire Sparta. Once the deal is ...
Insurer M&A Activity on the Rise: Towers Watson
An overwhelming majority (86 percent) of North American insurance executives expect to see an increase in the volume of insurance mergers and acquisitions over the next one to three years, and 78 ...
P/C Carrier CROs Say Board Concerns Higher on Strategic, Operational Risk Than Nat Cat
Members of risk committees of the boards of directors of property/casualty insurance companies have more on their minds than the abilities of their companies to withstand tail risks like devastating ...
Texas Owner of Steak Restaurants Acquires Truck Insurer First Guard
Biglari Holdings Inc. and First Guard Insurance Company announced Thursday that Biglari Holdings has acquired First Guard Insurance Company and its affiliate, 1st Guard Corporation. First Guard ...
Allianz in 440 Million Euros Deal for Italian Insurer P/C Book
Allianz SE, Europe's biggest insurer, agreed to buy Milano Assicurazioni SpA assets from Unipol Gruppo Finanziario SpA for 440 million euros ($612 million), the Munich-based company said. The deal ...
Markel’s Michael Crowley: Former Broker COO Deepening Carrier Sales Culture
Michael Crowley had been in the chief operating role of property/casualty insurance organizations for nearly two decades when he signed on to be an executive for Markel Corp. in 2009. But for all of ...
From the Front Lines to the C-Suite: Farmers’ David Travers
When he was taking policyholder phone calls as a customer representative for a direct writing carrier 26 years ago, David Travers did not have designs on a position in the C-suite of an agency ...