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Insurance
California-based Alliant Insurance Services has acquired employee benefit management consulting firm Burkhardt, based in Coeur d’Alene, Idaho. 13 March 2017
Insurance
Canada-based property and casualty re/insurer Fairfax Financial, which is set to acquire Allied World Assurance Company in a $4.9 billion deal, has increased the cash consideration component to $28.00 per share, including $5.00 in special dividend to be paid to Allied World as part of the transaction. 13 March 2017
Insurance
EPIC, a US retail property/casualty insurance brokerage and employee benefits consulting firm is acquiring independent insurance broker The Capacity Group. 13 March 2017
Insurance
Hong Kong-based Peak Re is able to grow profitably in the current soft market because its lean cost structure allows it to be more competitive on pricing, head of underwriting Lawrence Cheng, told Intelligent Insurer. 10 March 2017
Insurance
US-based Prudential Retirement, a unit of Prudential Financial, agreed to a $1.2 billion longevity reinsurance deal with UK’s insurance solutions provider Rothesay Life. 10 March 2017
Insurance
Re/insurer XL Catlin has promoted Angie Strack to the position of senior vice president and underwriting manager for its global risk management division's US North Central region, including the greater Chicago-area and upper Midwest. 10 March 2017
Insurance
Liberty International Underwriters (LIU), a part of Liberty Mutual, has added global financial risk (GFR) coverage to its US product offering with the appointment of Alexandre Egnell as senior vice president, responsible for the development and strategy of the product line. 10 March 2017
Insurance
Florida-based property/casualty broker AssuredPartners has entered into an agreement to purchase US insurance brokerage firm Keenan & Associates. 10 March 2017
Insurance
Multiple weather events and higher costs of handling homeowners’ claims in Florida meant that Federated National Holding Company, a Florida-based retail and commercial insurer, reported a loss in 2016. But underlying growth has also meant it is buying more reinsurance. 10 March 2017
Insurance
American International Group’s (AIG) US casualty business resulted in a $3 billion loss in the fourth quarter of 2016 and in the resignation of CEO Peter Hancock. 9 March 2017
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