Markets
Deal Analysis: Why Validus Is Buying Western World
The combination of Validus Holdings and Western World Insurance Group fills in "missing pieces" for both organizations, Validus' chairman said Tuesday, detailing finer points of a $690 million deal ...
Tech Startup AssureStart Selling Small Business Insurance in 3 More States
AssureStart, a Seattle-based technology startup that sells general liability and property insurance to small businesses on the Internet, has expanded its service footprint to include Colorado, ...
Willis’ Longmore Joins Marsh’s FINPRO
Marsh has announced that Ann Longmore will join the firm's FINPRO practice in New York as its new multinational practice leader effective July 7. Longmore will be responsible for helping Marsh ...
OneBeacon’s Sale of Runoff Business to Armour Still in Progress
OneBeacon Insurance Group Ltd. said it is making progress in the sale of its runoff business to Armour Group Holdings Ltd. and restated its expectation that the transaction will close in the second ...
ACE Now Has Major Stake in Siam Commercial Samaggi Insurance
ACE Limited has announced that the company and its local partner have acquired, through a mandatory tender offer, an additional 32.17 percent in The Siam Commercial Samaggi Insurance PCL (SCSMG), a ...
Spotlight on London, Innovation at 50th International Insurance Society Seminar
The International Insurance Society has come a long way since its first meeting in a conference room in Austin, Texas. The 50th edition of its annual conclave opened Monday morning in London at the ...
S&P Moves Berkshire Hathaway ‘AA’ Rating to Stable Outlook
Warren Buffett's Berkshire Hathaway Inc. had its credit outlook raised to stable from negative at Standard & Poor's as the company's capital position strengthened. The "AA" rating was affirmed. ...
It’s Official: Marsh Buying Stake in Alexander Forbes of South Africa
Marsh & McLennan Cos. will buy a 34 percent stake in Alexander Forbes Ltd. as Africa's largest independent pension-fund manager prepares to sell shares on the Johannesburg Stock Exchange next ...