Since acquiring Ironshore, Liberty Mutual's National Insurance operation has added energy coverage to its offerings. A single submission now allows brokers to quote general liability, Auto, workers' compensation, lead umbrella and pollution coverages for mid-sized oil and gas lease operators.
Independence Holding Company has announced it intends to commence a tender offer within the next week to purchase up to 2 million shares of its common stock at a price per share of $20. The number of shares proposed to be purchased in the tender offer represents approximately 12.21 percent of IHC's currently outstanding common shares and involves an aggregate purchase price of $40 million.
Swiss Re Capital Markets has successfully structured and placed the issuance of $925 million of insurance-linked securities by Ursa Re Ltd. to be used for the protection of the California Earthquake Authority (“CEA”). The transaction is one of the largest indemnity, annual aggregate catastrophe bonds and covers California earthquakes.
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