ICAT, a leading provider of property insurance to businesses and residences in hurricane and earthquake exposed regions of the United States, has launched an earthquake homeowner insurance product in California.
Cunningham Lindsey, a loss adjusting and claims management company, has taken on the entire team of engineering specialists from RMA.
Wilton Re, a US life re/insurer, has completed the previously announced acquisition of Continental Assurance Company (CAC) from CNA Financial Corporation (CNA).
Minova Insurance, previously BMS Associates, has launched BMS Capital Advisory, an affiliate of independent reinsurance broker BMS Intermediaries.
Lancashire Group has become the third major insurance company to buy Sequel Impact, a risk exposure and aggregation product.
Allied World Europe has expanded its professional liability team with the addition of two new vice presidents (VP), Alec Goodair and Nicholas Lee, both from AIG.
XL Group has strengthened its insurance operations in Asia with the transfer of Ben Sharp, product recall underwriter.
The Hartford posted weak results in the second quarter as elevated cat losses, the sale of its Japanese annuity business and deterioration on its asbestos and environmental liabilities took their toll.
Canadian insurer Fairfax Financial Holdings has returned to profit in the second quarter of 2014 driven by gains in investments and stronger underwriting performance.
The Hanover Insurance Group has posted a strong set of results for the second quarter driven by growth in the insurers’ commercial lines and Chaucer business.