strategy News
American Financial’s National Interstate Will Underwrite Atlas Financial’s Paratransit Book
American Financial Group said that its commercial transportation specialist, National Interstate, will become the exclusive underwriter of Atlas Financial Holdings' paratransit book of business. The ...
AmTrust Halfway Toward Focusing More on Local Markets With Surety Sale to Liberty Mutual
AmTrust Financial Services has completed the sale of some of its global surety operations to Liberty Mutual Insurance, the first piece of a two-part deal designed to help it focus more on local ...
AmTrust to Sell Surety, Credit Reinsurance Biz to Liberty Mutual
Liberty Mutual Insurance said it has agreed to acquire the global surety and credit reinsurance operations of property/casualty insurer AmTrust Financial Services. Financial terms were not disclosed. ...
Hamilton CEO Albo Credits Strategy, Excellent Timing as Leading to New Acquisition Deal
Strategy plus some remarkably good timing helped lead to Hamilton Insurance Group's first acquisition deal under the leadership of CEO Pina Albo. On March 14, Hamilton announced it would acquire ...
Berkshire Hathaway Confirms Sale of Workers Comp Unit; ‘Channel Conflict’ to Blame
In a rare move, Berkshire Hathaway is selling one of its companies, leading workers' compensation specialist Applied Underwriters, in order to avoid conflict with its other workers' compensation ...
Liberty Mutual, Allianz, Generali Reportedly Seeking to Invest in BBVA Insurance Arm
European insurers Allianz and Generali are vying with U.S. rival Liberty Mutual to invest in the bancassurance business of Spanish lender BBVA, four sources familiar with the matter told Reuters. The ...
SCOR’s CEO Counters Angry Investors With Promises of New Strategy
French reinsurer Scor's Chief Executive Denis Kessler promised on Tuesday to release a strategic plan that would set new targets for the company, in a move to assuage an activist fund that questioned ...
Liberty Mutual Once Again Taps Capital Markets’ Reinsurance Capacity
Liberty Mutual has once again directly tapped capital markets' reinsurance capacity via the Bermuda collateralized reinsurance sidecar, Limestone Re Ltd. Limestone Re provides approximately $150 ...