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
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
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
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
Allied World Europe has announced the expansion of its professional liability team with the addition of two new vice presidents, Alec Goodair and Nicholas Lee. 31 July 2014
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
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
Willis experienced some strong growth in the second quarter of 2014 driven largely by its business in emerging markets and North America, yet profits were hindered by increased costs driven by many new hires in the past year. 30 July 2014
