business moves and mergers News

Catlin Group Interim Report Shows 11% Hike in Gross Premiums Written

Catlin Group Limited, the Bermuda-based specialty property & casualty insurer and reinsurer, has issued its interim management statement for the nine-month period ended September 30, 2014, which shows premiums reported and not financial results. The interim statement includes the following …

Arch Insurance Europe Buys Resource Underwriting Pacific in Australia

Arch Insurance Europe has acquired 100 percent of Resource Underwriting Pacific Pty Ltd (RUPPL), the Melbourne-based MGA. RUPPL will be added to Arch Insurance Europe’s current holdings in Australia. James Weatherstone, Arch Insurance Europe chief executive, said: “We are delighted …

Assurant to Buy French Mobile Device Insurance Broker CWI

Consumer electronic and household device insurer Assurant Inc. has made a binding offer to acquire CWI Group, a mobile insurance brokerage in France, for approximately €56 million ($71 million). The acquisition by Assurant Solutions would strengthen Assurant’s capabilities in mobile …

Swiss Re Corporate Solutions Opens Frankfurt Office

Swiss Re Corporate Solutions opens an office in Frankfurt, Germany, to reinforce its presence in the German commercial insurance market. The office will initially focus on property and surety products for corporations in Germany. Kuno Linder, Country Manager Germany for …

Brightway Insurance Opens Store in Panama City, Florida

Brightway Insurance has opened a franchise store in Panama City, Florida. The new location is owned and operated by Dale Turner. Prior to opening the Brightway store, Turner worked with Nationwide Insurance and Farmers Insurance. He brings to Brightway more …

Brightway Insurance Adds Another Office in North Carolina

Brightway Insurance has expanded its its North Carolina presence with a new office in Cary. Greensboro native Mazin Ganim owns and operates the Brightway store in Cary. Prior to opening the Brightway store, Ganim worked for FedEx for 25 years. …

Maritzen to Head New Endurance U.S. Commercial Property Operation

Bermuda-based Endurance Specialty Holdings Ltd. announced that Mark Maritzen has joined the company as Executive Vice President and Head of Commercial Property within its U.S. Insurance operation. He has nearly twenty years of experience in the insurance industry in both …

AssuredPartners Enters West Virginia, Acquiring Commercial Insurance Services

Florida-based AssuredPartners Inc. said it has completed the acquisition of Commercial Insurance Services through its newly formed operation AssuredPartners of West Virginia. Terms were not disclosed. The Commercial Insurance Services transaction marks the first platform acquisition for AssuredPartners in West …

SNL Insurance Acquires Analytics Firm iPartners

SNL Insurance, a division of SNL, has acquired iPartners LLC, which offers analytics and reporting software and services that help insurers collect and analyze internal business data. Terms were not disclosed. SNL Insurance clients will be given the option to …

Tower Says Its Sale of Stake in Canopius Lessens Liquidity Concerns

Tower Group International Ltd. said 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 Group Limited. Tower Group, Inc., a wholly owned subsidiary, …