Strategy
AXIS Sets Up Healthcare Liability Insurance Unit
AXIS Capital Holdings Limited announced Monday that Kimber Lantry will lead a newly formed Healthcare unit at AXIS Insurance. The unit will focus on providing professional liability insurance and ...
KKR Investing $2.4M in Sedgwick Claims Management Services
Sedgwick Claims Management Services Inc., a leading provider of technology-enabled claims and productivity management solutions, announced Monday that global investment firm KKR, together with ...
CEOs Upbeat on Economy But Worried About Weak Markets, Over-Regulation
Business leaders gathering for their annual high-profile networking forum in Davos are feeling a bit better about their companies' prospects and a lot more so about the broader economic outlook. But ...
Desjardins Group to Acquire State Farm Canada Businesses
Desjardins Group, the leading cooperative financial group in Canada, announced Wednesday that it has entered into a definitive agreement to purchase State Farm Canada's property/casualty and life ...
Savvy Insurers Can Make Homeowners More Profitable
The lion's share of profitability for carriers has traditionally come from the auto business, but this segment is slowing for a number of reasons—and speed bumps may soon give way to roadblocks. ...
Why American Financial is Buying Summit; Execs Reveal Deal Benefits
The ability to use cash for investments is one of the reasons executives of American Financial Group gave for paying $250 million for some former Liberty Mutual workers compensation units last week. ...
AmTrust Acquiring Tower Commercial Renewals; Tower Merging with ACP Re
In two separate announcements this morning, AmTrust Financial Services said it would acquire renewals rights for Tower Group International's commercial lines business for $125 million, and Tower said ...
AmTrust Completes Deal for Surety Writer Insco Dico
AmTrust Financial Services, Inc. announced Friday that it received final regulatory approval for a California-based surety writer, The Insco Dico Group, and completed the $88.7 million acquisition. ...