Strategy
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. ...
Google Chair Says Missing Social Networks Was Biggest Mistake
Google Inc. Executive Chairman Eric Schmidt said missing the rise of social media was the biggest mistake he made at the world's largest search-engine operator. "In our defense, we were busy working ...
Talent Risk: A Killer Torpedo?
The most gifted professionals in property/casualty insurance organizations can also be the ones to bring those organizations down if carriers don't employ valued-based ERM processes to manage talent ...
Ironshore Boosting Capacity to $50M for Some U.S. Casualty Lines
Ironshore Inc. announced recently that it will boost coverage for selected U.S. casualty lines to $50 million, raising capacity from current limits of $25 million Effective Jan. 1, 2014, the higher ...
White Mountains to Acquire Attorney-In-Fact of Star & Shield Insurance Exchange
White Mountains Insurance Group, Ltd. and Star & Shield Group announced Monday that Star & Shield Holdings LLC had entered into a definitive agreement to sell certain assets and liabilities ...
Tower Selling Stake in Canopius Group Limited, Boosting Reserves Again in Q3
Tower Group International, Ltd. (Tower) announced Tuesday that it has paid $70 million that was outstanding to its Bank of America credit facility using proceeds from the sale of a stake in Canopius ...
Duperreault Partnering with Hedge Fund to Buy Cohen’s S.A.C. Re, Ltd
Steven A. Cohen, the billionaire founder of SAC Capital Advisors LP, agreed to sell a reinsurer he formed in 2012 after the hedge fund firm reached a $1.8 billion deal to end a criminal ...