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Commercial lines

IRDA may permit five-year policies to simplify motor insurance renewals By IBR Staff Writer
The Insurance Regulatory and Development Authority (IRDA) is reportedly considering to grant permissions for a five-year insurance cover to simplify renewal process for commercial vehicles.
General Insurance > Commercial lines > News
Federated National and CA Bancorp to establish P&C insurance JV By IBR Staff Writer
Federated National Holding Company (FNHC) and CA Bancorp have signed an agreement to establish a Florida-based property and casualty insurance joint venture (JV), as part of a plan to boost their commercial insurance footprint.
General Insurance > Commercial lines > News AIR Worldwide releases updated earthquake Model for Canada By IBR Staff Writer
Catastrophe risk modeling firm AIR Worldwide (AIR) has updated its earthquake model for Canada.
General Insurance > Commercial lines > News
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Liberty Mutual Insurance signs reinsurance deal with National Indemnity
By IBR Staff Writer
Liberty Mutual Insurance has signed a definitive agreement with National Indemnity Company (NICO), a subsidiary of Berkshire Hathaway, on a combined aggregate adverse development cover for substantially all of its US workers compensation, asbestos and environmental liabilities.
General Insurance > Commercial lines > News
Onex to acquire York Risk Services Group for $1.325 billion
By IBR Staff Writer
Onex Corporation announced it has agreed to acquire York Risk Services Group, Inc. for $1.325 billion.
General Insurance > Commercial lines > News
AIG to receive $650m from BofA to settle residential mortgage related disputes
By IBR Staff Writer
American International Group (AIG) has reached a global resolution of its residential mortgage related disputes with Bank of America (BofA) in lieu of $650m cash compensation.
General Insurance > Commercial lines > News
Insurance Noodle expands integrated technology facility with Cyber Liability products
By IBR Staff Writer
Insurance Noodle has announced a new, blended package of commercial insurance coverage designed to provide essential coverage to technology professions, including programmers, web developers, software designers, mobile app developers, IT consultants, and IT staffing firms.
General Insurance > Commercial lines > News
QBE launches new construction policy in Hong Kong
By IBR Staff Writer
Business insurance specialist QBE Insurance Group has launched a new construction policy in Hong Kong to boost its offerings.
General Insurance > Commercial lines > News
RSA and Allianz collaborate with Una Alliance on SME package
By IBR Staff Writer
Una Alliance, an independent broker alliance, has rolled out an insurance package for SMEs together with British insurer RSA Insurance Group and Germany-based Allianz, as part of its plan to boost its insurance offerings.
General Insurance > Commercial lines > News
QBE partners with BOCHK to deliver mortgage insurance service
By IBR Staff Writer
QBE Mortgage Insurance (Asia) has entered into a cooperation agreement with Bank of China (Hong Kong) to provide mortgage insurance products to the customers of BOCHK through its extensive branch network.
General Insurance > Commercial lines > News
Hanmi Financial divests insurance iubsidiaries
By IBR Staff Writer
Hanmi Financial , the holding company for Hanmi Bank has sold its subsidiaries,Chun-Ha Insurance Services, and All World Insurance Services, to Chunha Holding Corporation on June 30, 2014.
General Insurance > Commercial lines > News
UK's Direct Line in advanced negotiations to offload German and Italian business
By IBR Staff Writer
British motor insurer Direct Line has reportedly reached advanced stage of negotiations with many financial services companies to dispose of its operations in Germany and Italy.
General Insurance > Commercial lines > News
BTG Pactual agrees to acquire Ariel Re from Global Atlantic Financial
By IBR Staff Writer
Banco BTG Pactual has agreed to purchase Ariel Re, a Bermuda-based property and casualty (P&C) reinsurance company from Global Atlantic, for an undisclosed sum.
General Insurance > Commercial lines > News
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