All North America articles – Page 14
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Munich Re completes Midland acquisition
US specialty primary insurer Midland is bought for $1.3bn
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Online onlyAon: Short-term hurricane forecasts inaccurate
More success in tracking hurricane activity over periods of five years or more
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Combined upgraded following sale to ACE
The acquired entities are core operations to ACE's global operations, says Fitch
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Axis North American business bought by York SLA
York Specialized Loss Adjusting acquired Axis North America for an undisclosed sum
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ACE completes Combined buyout
ACE bought Combined Insurance Company of America from Aon for $2.56bn
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PMA sells run-off operations
Bermuda-based Armour Re will buy the run-off unit for $20m, subject to regulatory approval
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AnalysisReform on the cards
Proposals could lead to a single US regulator and see an end to 100% collateral rules
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Munich Re completes Sterling acquisition
Munich Re has bought a 100% stake in Sterling Life Insurance Company for $352m
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S&P rates Chubb cat bond
East Lane II is the first time S&P has assigned a rating to a cat bond covering wildfire losses
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Online onlyUS federal charter back on the agenda
The Treasury Department’s plans for regulatory reform are not backed by the PCI
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Directors stand down from Transatlantic board
Chairman Martin Sullivan thanks James Balog and Diana Mayer for “their fine work”
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Excess Re on negative watch
The negative implications reflect the uncertainty surrounding the sale of the reinsurer
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Allied World launches US reinsurer
The company has been capitalised with over $500m and is licensed to underwrite business in 49 states
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Allied World Re assigned "A" rating
The ratings receive enhancement based on the tangible support provided by its parent, says AM Best
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Gallagher Re sale to Aon completed
The UK transaction had been subject to certain conditions which have now been fulfilled
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MMC names Ben Allen CEO of Kroll
He succeeds Simon Freakley, who will serve as CEO of a newly-formed MMC corporate advisory and restructuring unit
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SCA and XLCA lose their “A” rating
SCA's current level of capital is no longer consistent with an investment grade IFS rating, says Fitch
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Ironshore launches healthcare liability unit
IronHealth will offer hospital professional, managed care errors & omissions and long-term care professional liability
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ACE USA appoints Shevlin to Southwest role
ACE USA has appointed Jim Shevlin as senior vice president and regional executive officer for the company’s Southwest region.
