An overriding theme of the latest wave of mergers and acquisitions in the insurance industry: strategic buys of specialty-flavored books is specialization.
If you own an underwriting agency with a very specialized, quality book of business—and have no plans to sell it—then Stephen Way, CEO of Houston International Insurance Group, may want to talk about making a deal.
For the CEO of Crum & Forster, Doug Libby, there is little not to like about the $294 million deal that adds First Mercury Financial Corp. to his group’s specialty-insurance operations. Libby sat down with NU for an exclusive …
Allied World Assurance Company Holdings, AG and Transatlantic Holdings, Inc. announced a $3.2 billion merger deal that executives say will create a global specialty insurer and reinsurer operating in 18 countries on six continents.
An industry analyst using a proprietary scoring method for property and casualty insurers says the first-quarter combined score for the top-100 commercial-lines writers reveals the first indication of a possible turn in six years.
Yesterday, Transatlantic Holdings, Inc. and Allied World Assurance Company Holdings, AG announced a $3.2 billion merger deal that executives say will create a global specialty insurer and reinsurer operating in 18 countries on six continents.
From a seller’s perspective, the transportation insurance market is “not getting worse,” according to a just-published survey from NIP Group, which even reveals more rate hikes than declines for certain select segments like charter buses and courier services.
While the insurance market for transportation risks is still soft, those in the industry are saying it has begun to stabilize and the tide of new entrants flooding into the market is beginning to slow, according to NIP Group’s first-quarter Transportation Insurance Pricing Survey.
ACORD’s CEO Greg Maciag keeps what looks like a clunky version of an iPad in his office as a tangible reminder of his organization’s vision that “the future belongs to those who create it.”
When Southwest Airlines closed its $1 billion-plus deal to buy AirTran two weeks ago, it did so knowing that language of a tail-coverage endorsement it bought for AirTrans directors and officers would synch up with a worrisome provision of the merger indemnification agreement.