Property & Casualty Insurance

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Vardia Insurance Group ASA Vardia Insurance Group finalizes restructuring

Tuesday, 22 Dec 2015 03:55am EST

Vardia Insurance Group ASA:Finalizes restructuring.Vardia Agencies AS has been subject to management buyout, leaving employees as 100 pct owners of company with effect from Dec. 31.‍In addition, Dec. 2015 also saw finalization of merger of remaining subsidiaries, Vardia Eksterne Kanaler 2014 AS and Rein Forsikring AS, into Vardia Insurance Group ASA​.

Tryg A/S creates new management structure

Tuesday, 1 Dec 2015 04:00am EST

Tryg A/S:New management structure replaces current group executive management.Affected group executive vice presidents will continue, either as directors of one of new established business areas or will have other jobs within organisation.

OneBeacon Insurance Group exits crop business

Friday, 31 Jul 2015 04:30pm EDT

OneBeacon Insurance Group:Says it has exited the crop insurance business due to the sale of its exclusive managing general agency, Climate Crop Insurance Agency, to AmTrust Financial Services, Inc.Says company's existing crop insurance business has been transferred to AmTrust, including policyholder servicing.

W. R. Berkley Corp combines U.S. broker market reinsurance units

Monday, 30 Mar 2015 02:20pm EDT

W. R. Berkley Corp:Says combination of its U.S. broker market reinsurance units, Berkley Re America and Facultative ReSources, into a single operating unit that will trade under Berkley Re America name.

MPHB Capital Bhd's subsidiary disposes 49 pct stake in Multi-Purpose Insurans Bhd to Generali Asia N.V

Wednesday, 17 Dec 2014 07:00pm EST

MPHB Capital Bhd:Says its subsidiary Multi-Purpose Capital Holdings Berhad enters into a conditional share purchase agreement (SPA) with Generali Asia N.V. for the disposal of 49 pct stake in Multi-Purpose Insurans Bhd (MPIB) for a cash consideration of about 355.8 mln ringgit.MPCHB has also, on even date, entered into a call and put option agreement with Generali Asia for the grant by MPCHB of call and put options to Generali Asia.Transactions expected to be completed by early 2015.

Euler Hermes completes legal restructuring into single Belgian risk carrier

Tuesday, 4 Nov 2014 11:45am EST

Euler Hermes SA:Completes legal restructuring into single Belgian risk carrier.Completed rationalization of its legal structure by merging two of its main remaining insurance companies -located in France and Germany - into its risk carrier in Belgium, Euler Hermes SA.Says entity is supervised by National Bank of Belgium.

Fairfax Financial Holdings Limited Integrates MFX With IKYA to Form Global Technology Services Group

Monday, 3 Nov 2014 05:02pm EST

Fairfax Financial Holdings Limited:Says that Ray Roy has determined to retire in Jan. 2015 as CEO of Fairfax's subsidiary, MFXchange Holdings, Inc. but will remain as Non-Executive Chairman.In planning for Roy's retirement, Fairfax, in close consultation with Roy, is integrating MFX with the IKYA Group, a Fairfax subsidiary within the Thomas Cook India Group.With a strategic focus designed to leverage technology capabilities of both organizations and create growth opportunities for combined entities on a global basis.

Vittoria Assicurazioni SpA approves merger by incorporation of Vittoria Properties into company

Thursday, 31 Jul 2014 12:19pm EDT

Vittoria Assicurazioni SpA:Says the Board has approved the incorporation of Vittoria Properties Srl (already totally controlled) into Vittoria Assicurazioni.The operation is part of the overall reorganization project concerning the Real Estate subsidiaries aimed at a reduction of intercompany costs and of managerial and administrative formalities.The operation is subject to IVASS approval.

QBE Insurance Group Ltd announces creation of emerging markets division

Monday, 16 Jun 2014 01:53am EDT

QBE Insurance Group Ltd:Says it has been concluded that the strategic opportunity for organic and inorganic growth in Latin America and Asia Pacific is served by bringing these two important Divisions together to form the QBE Emerging Markets division.All changes take effect from Aug. 15.


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