Property & Casualty Insurance

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XL Group plc creates cyber & technology risk business unit

Wednesday, 18 Jun 2014 10:30am EDT

XL Group plc:Says to meet rapidly growing demand for cyber insurance in the US and Canada, XL Group's Global Professional unit has established North America Cyber & Technology Risk business unit.XL Group previously provided cyber and technology errors and omissions insurance coverage through its Select Professional business unit, which provides miscellaneous professional liability insurance to various business niches.

Post and Telecommunication Joint Stock Insurance sets up new subsidiary

Monday, 12 May 2014 03:42am EDT

Post and Telecommunication Joint Stock Insurance Corp:Set up a new subsidiary named PTI Binh Tri Thien Company at Dong Hoi City, Quang Binh Province.

Anicom Holdings Inc to establish subsidiary

Wednesday, 15 Jan 2014 02:00am EST

Anicom Holdings Inc:Says to establish a wholly owned subsidiary in Tokyo, on Jan. 24.Says the new subsidiary will be engaged in basic research and clinical business for specific disease of household animals.Says the new subsidiary will start operation on June 1.

Fidelity National Financial Inc announces formation of Black Knight Financial Services

Friday, 3 Jan 2014 04:04pm EST

Fidelity National Financial Inc:Says reorganization of the former Lender Processing Services, Inc. (LPS) businesses, the formation of a wholly-owned subsidiary called Black Knight Financial Services, Inc.Says issuance of a 35 pct interest in each of Black Knight's two operating subsidiaries, ServiceLink Holdings, LLC and Black Knight Financial Services, LLC , to funds affiliated with Thomas H. Lee Partners, L.P. and certain related entities.Says Black Knight, through ServiceLink and BKFS, now owns and operates the former LPS businesses and FNF's ServiceLink business.

MAA Group Berhad Announces Incorporation Of New Companies By Subsidiary Company

Thursday, 22 Aug 2013 08:00pm EDT

MAA Group Berhad announced that one of its wholly owned subsidiaries, MAA Corporation Sdn Bhd (Company No. 160773-W) has on August 21, 2013 incorporated two companies by the name of Maaxsite Sdn Bhd And Maaxclub Sdn Bhd with an authorised share capital of RM400,000.00 and a paid-up capital of RM2.00 made up of two ordinary shares of RM1.00 each respectively. The principal activities of MAAXSITE and MAAXCLUB is to carry on business of E-Commerce and any type of electronic business or commercial plan which relates to E-Business. The Company received the Certificates of Incorporation of the said subsidiaries on August 23, 2013.

Assured Guaranty Ltd Opens For Business

Monday, 22 Jul 2013 04:20am EDT

Assured Guaranty Ltd announced the launch of Municipal Assurance Corp. (MAC), a new municipal bond insurance company that will insure only select categories of U.S. municipal bonds. The new company opens for business with $1.5 billion of claims-paying resources, financial strength ratings of AA+ (stable outlook) from Kroll Bond Rating Agency and AA- (stable outlook) from Standard & Poor's Rating Services, and insurance licenses in 37 states and the District of Columbia. MAC has been capitalized to approximately $800 million through cash and securities contributed by Assured Guaranty Municipal Corp. (AGM) and Assured Guaranty Corp. (AGC), which own MAC jointly via a holding company. Additionally, MAC has an initial statutory unearned premium reserve of $709 million from a $103 billion net statutory par ($111 billion net GAAP par), 100% investment grade book of insured U.S. municipal bonds reinsured by it from AGM and AGC.


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Provider: Renaissance Capital
Provider: Edison Investment Research
Provider: Edison Investment Research
Provider: Zacks Investment Research Inc.
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