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Law firm Nelson Brown, which recently renamed from Nelson Levine, is considering a Bermuda office for 2015 as the company looks to cement its commitment to the international insurance sector. 5 August 2014
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XL has announced that Edward J. “Ned” Kelly, III has joined the company’s board of directors. 4 August 2014
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Wilton Re has completed its previously announced acquisition of Continental Assurance Company (CAC) from CNA Financial Corporation. 4 August 2014
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Global merger and acquisition (M&A) activity in the life & health industry during the first six months of 2014 is on track, in terms of total dollar value, to be consistent with 2013 reported activity. 4 August 2014
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A three-way partnership led by Canadian investment firm The Westaim Corporation, has acquired 70.8 percent of specialty insurer Houston International Insurance Group (HIIG) for $138.7 million. 4 August 2014
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Arch’s strengthened gross written premiums by 20 percent year-on-year during Q2, as the company sought to leverage growing capabilities in the US mortgage and convergence space. 1 August 2014
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Lancashire Group has become the third major firm to buy and successfully go live on recently launched product Sequel Impact, Sequel’s risk exposure and aggregation product. 1 August 2014
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Prices for commercial property/casualty slipped again in the 2nd quarter of 2014, according to The Council of Insurance Agents & Brokers’ quarterly Commercial P/C Market Index Survey. 1 August 2014
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Endurance has announced the termination of its exchange offer to acquire Aspen, which was previously scheduled to expire on August 29th, 2014. 31 July 2014
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Bermuda-based Oil Insurance Limited (OIL) has elected to increase its per occurrence limit from $300 million to $400 million and the event aggregation limit from $900 million to $1.2 billion effective January 1st, 2015. 31 July 2014
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