Iowa’s largest health insurer is closing its Sioux City office and eliminating more than 100 local jobs. Wellmark Blue Cross & Blue Shield announced that the First Administrators, or FAI, office will close in early 2014. The third-party administrator processes …
MAPFRE ASISTENCIA, a subsidiary company of Spain’s MAPFRE Group, and MIDDLESEA INSURANCE MIDDLESEA ASSIST, have formed a joint venture to operate in Malta, following an agreement between MAPFRE ASISTENCIA and MIDDLESEA INSURANCE, MAPFRE INTERNACIONAL’s direct insurance company operating in the …
Bermuda-based Alterra Capital Holdings Limited announced that the Brazilian insurance and reinsurance regulator, Superintendencia de Seguros Privados (SUSEP), has given final approval for it to establish a local reinsurance company. The subsidiary, Alterra Resseguradora do Brasil S.A., will be located …
The XL Group plc and its subsidiaries announced that the Group has received final approval from the Brazilian insurance and reinsurance regulator, Superintendencia de Seguros Privados (SUSEP), to establish an insurance operation in the country. The company, XL Seguros Brasil …
The Bermuda-based Argo Group International Holdings announced that it has established a “locally domiciled insurance operation in the heart of the Dubai International Financial Center (DIFC).” The new company – Argo Re (DIFC) Ltd. – is a subsidiary of Argo …
W. R. Berkley Corporation has announced the formation of Berkley Re UK Limited, based in London. Its principal focus “will be underwriting casualty and property treaty reinsurance, subject to regulatory approval,” said the announcement. “The operations of Berkley Re UK …
UK-based international broker JLT Group announced that it has established JLT Holdings Japan “through an equity transfer arrangement.” JLT said the “new holding company structure, insurance agency operations will be conducted by JLT Risk Services Japan (formerly Jardine Lloyd Thompson …
Chartis Inc., the general insurance subsidiary of American International Group has announced a cash tender offer through its wholly-owned subsidiary, Chartis Japan Capital Company LLC (Chartis Japan LLC), for all common shares and stock acquisition rights of Fuji Fire and …
