Allianz Global Corporate & Specialty Acquires Renewal Portfolio of Product Recall Business from Liberty Mutual in the U.S. Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) announced it is acquiring the renewal portfolio of Liberty Mutual Insurance’s …
The frequency of M&A insurance claims is rising as large deals prove risky and the average payout on the most severe category of claims tops $20 million, according to an American International Group, Inc. study of its representation and warranty …
Mergers and acquisitions in the U.K. are likely to drop sharply this year amid uncertainty over Britain’s relationship with the European Union, according to research released Monday. The value of deals is expected to fall to $125 billion this year …
Liberty Mutual Holding Co., the fourth-largest property/casualty insurer in the U.S., agreed to buy Ironshore Inc. from Fosun International Ltd. for about $3 billion to expand in the specialty commercial market. Ironshore will retain its management and brand after the …
Xceedance Establishes London Office Xceedance, a global provider of property/casualty insurance technology, analytics and consulting services, has established an office in London to serve the European, Middle East and Africa (EMEA) market, according to a company announcement. Xceedance is a …
Hudson Insurance Group Launches New Commercial Excess and Umbrella Unit New York City-based Hudson Insurance Group announced the launch of its new Commercial Excess and Umbrella business. The new unit will provide coverage on a non-admitted basis in all 50 …
Genex Services Acquires IME Provider OMAC Genex Services, a medical cost containment and disability management service provider, announced the acquisition of Objective Medical Assessments Corp. (OMAC), a provider of independent medical examinations (IME) and peer review services for the workers’ …
FM Global Breaks Ground on $80M Loss Prevention Training and Operations Center in Singapore FM Global, a commercial and industrial property insurer, broke ground on the construction of a new loss prevention training and operations center, located in the Singapore …
BSI Acquires Atrium British Standards Institution (BSI), the business standards company, has acquired Reston, Virginia-based Atrium Environmental Health and Safety Services LLC to expand its environmental health and safety (EHS) Services and Solutions footprint to the US East Coast. The …
Coverys Acquires MRM Group Coverys announced its acquisition of MRM Group, LLC, a patient safety and risk management solutions company based in Hartford, Conn. The transaction was finalized on July 29, 2016. MRM Group, formed in 2003, offers a broad …