Japanese insurers made more than $18 billion worth of acquisitions in the U.S. last year, and their spending spree isn’t over yet, industry dealmakers said on Tuesday. Japan has a number of large, healthy insurers facing dim growth prospects at …
The professional indemnity and directors & officers insurance sector has grown constantly since 2012 and is expected to continue the upward trend until at least 2019, according to the findings of a new report by London-based business intelligence company, Timetric. …
Tokio Marine Holdings Inc., fresh from its biggest acquisition in the U.S., is now looking for opportunities in China. The insurer plans to utilize its ties with Citic Group Corp., China’s biggest conglomerate, to expand in the country, Tsuyoshi Nagano, …
Aon Benfield Analytics’ Market Analysis team has released its latest Lloyd’s Update report, which assesses the market’s 2014 financial performance and latest developments. Key findings in the report include: The Lloyd’s market began 2015 with 92 active syndicates and slightly …
Tokio Marine Holdings Inc. agreed to buy HCC Insurance Holdings Inc. for about $7.5 billion in the biggest acquisition by a Japanese insurer, stepping up an overseas expansion to counter stagnation at home. Tokio Marine will pay $78 in cash …
Houston-based HCC Insurance Holdings Inc. is moving forward with its previously announced CEO succession plan. John N. Molbeck, Jr. will continue to serve as CEO until the final board of directors meeting of the year, scheduled for Dec. 19, 2012. …
HCC Insurance Holdings Inc., headquartered in Houston, appointed William N. Burke to serve as executive vice president and chief operating officer of HCC effective March 24, 2012. HCC also said it expects Burke will be appointed to serve as president …
HCC Insurance Holdings Inc., headquartered in Houston, has reported preliminary fourth quarter 2011 catastrophe losses, after reinsurance and reinstatement premium, of $10 million pretax ($6.5 million after-tax). These losses relate to flooding in Thailand and impacted the company’s property insurance …
Houston-based HCC Insurance Holdings Inc. announced the merger of Pioneer General Insurance Co. (PGIC) with and into American Contractors Indemnity Co. (ACIC), both of which are wholly owned subsidiaries of HCC. The merger was effective Dec. 31, 2011, and all …
Houston-based HCC Insurance Holdings Inc. has opened new primary casualty and excess casualty divisions led by Chris Day and Phil Joschko, respectively. The primary casualty and excess casualty divisions extend HCC’s underwriting activities into general liability and excess liability insurance …
