Commercial Lines
AmTrust Will Grow Again Through Acquisition With $233M Republic Companies Buy
AmTrust Financial Services will buy Texas-based property/casualty insurer Republic Companies, Inc. for $233 million, continuing an ongoing strategy of growth through strategic acquisitions. The ...
Rig Contractor Transocean Linked to Petrobras Corruption Probe
Transocean Ltd., the world's largest offshore rig contractor, has been linked for the first time to the corruption probe of Petroleo Brasileiro SA, the state-owned energy giant at the center of ...
Catholic Mutual, Church Mutual Insurance Co. Form Business Alliance
Two mutual insurers who generate their business from the Catholic Church and other religious organizations are forming a strategic alliance that will expand each other's reach. Catholic Mutual Group, ...
ACE’s Andrade to Run Post-Chubb Merger International Non-Life Business
ACE Ltd., in the final months of concluding its $28.3 billion acquisition of The Chubb Corp., has appointed one of its own to lead the company's combined international non-life insurance operations. ...
Sources: Volkswagen Managed Faked Emissions Test Results From Germany
Volkswagen AG executives in Germany controlled the key aspects of emissions tests whose results the carmaker now admits were faked, according to three people familiar with the company's U.S. ...
NSA Chief Questions Viability of Cyber-Weapons Treaty
Achieving a multinational arms-control treaty governing the use of cyber-weapons may be impossible because groups unaffiliated with governments wouldn't honor it, Admiral Michael Rogers, the director ...
Executives On The Move at OneBeacon, Liberty Mutual, Argo Group and More
We have a number of executive promotions and hires to tell you about at OneBeacon Insurance Group, Liberty Mutual, Hamilton Underwriting Ltd., Argo Group and Erie Indemnity Company: *** A veteran ...
Hamilton Insurance CEO Seeks More Acquisitions; IPO is Likely
Hamilton Insurance Group Ltd., the company backed by hedge fund firm Two Sigma, is seeking more takeovers as Chief Executive Officer Brian Duperreault builds a business that he expects to take ...