Business Moves April 21, 2014 Marsh & McLennan, Capstone Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh LLC, has acquired Capstone...
Mexico Broker AER Joins Brokerslink in Expansion Move April 17, 2014 Independent insurance broker network Brokerslink announced that it has gained a new member in the key Monterrey corporate market in...
Poland’s PZU to Pay $498 Million for RSA’s Eastern European Units April 17, 2014 By Marta Waldoch PZU SA, central Europe’s largest insurer by market value, agreed to buy RSA Insurance Group Plc’s four units in the...
Kerr to Head New Allied World Canada Branch Office April 16, 2014 Allied World Assurance Company Holdings, AG announced the opening of a branch office in Toronto, Ontario to further expand its...
Aspen Rejects Endurance’s $3.2B Hostile Acquisition Bid As ‘Ill-Conceived’ April 14, 2014 By Andrew G. Simpson Bermuda-based Endurance Specialty Holdings Ltd. today offered to buy Aspen Insurance Holdings Limited, also based in Bermuda, for $3.2 billion,...
Business Moves April 7, 2014 Arthur J. Gallagher Arthur J. Gallagher & Co. has acquired Spataro Insurance Agency Inc. of Burnt Hills, N.Y. Founded in...
Enstar and Stone Point Capital Complete Torus Acquisition April 2, 2014 Enstar Group Limited and Stone Point Capital LLC announced the completion of the acquisition of global specialty insurer, Torus Insurance...
Allied World Approved to Launch New Managing Agency at Lloyd’s March 31, 2014 Allied World Assurance Company Holdings, AG announced that it has received approval from Lloyd’s, the Prudential Regulation Authority (PRA) and...
QBE Agreement Provides Additional Capacity to Shariah Compliant Cobalt March 28, 2014 Business insurance specialist, QBE announced from London that it has “become the second major re/insurer to provide capacity to the...
Apollo, CVC Raise $398.5 Million in Brit Insurance IPO March 28, 2014 By Sarah Jones Apollo Global Management LLC and CVC Capital Partners Ltd. raised £240 million [$398.5 million] in an initial public offering of...