Strategy
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 ...
Program Segment an Opportunity for Carriers with the Expertise and Focus
With a faster rate of growth than the overall property/casualty insurance market, the commercial program business segment can deliver true benefits for a carrier that dedicates the time and resources ...
Runoff Specialists No Longer Buyers of Last Resort in Insurer M&A
Runoff specialists are increasingly becoming visible acquirers of ongoing books of business as M&A activity heats up across the insurance industry, according to a consultant from Towers Watson. ...
Esurance Bets on Bundling Home, Auto Coverage Amid GEICO Rivalry
Esurance, the online car-insurance seller owned by Allstate Corp., is betting that bundling auto and home policies will help it compete with Berkshire Hathaway Inc.'s GECIO unit and Progressive Corp. ...
Bring on the Competitors, Reinsurance Brokers Say
If you ask Frank Harrison, chief executive officer of New York-based reinsurance intermediary Holborn Corp., whether he worries about competitors coming up behind his firm, you'll hear an unusual ...