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Commercial lines

Progressive Insurance announces new boat coverages in sunshine state By IBR Staff Writer
The Progressive Group of Insurance Companies is introducing a lineup of new coverage options in Florida.
General Insurance > Commercial lines > News
RSA Insurance to sell Italian business to Mutua By IBR Staff Writer
UK-based general insurance company RSA Insurance Group has signed an agreement with ITAS Mutua to sell its entire business of the Italian branches of Royal & Sun Alliance Insurance and Sun Insurance Office (together RSA Italy).
General Insurance > Commercial lines > News Atlas to buy Global Liberty Insurance in US By IBR Staff Writer
US-based Atlas Financial Holdings has signed an agreement to acquire Global Liberty Insurance Company of New York and its affiliated underwriting and premium finance companies, for around $25m.
General Insurance > Commercial lines > News
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Cathay Financial Holding Co., Ltd.
Cathay Financial Holding Co., Ltd. (Cathay Financial) is a financial holding company based in Taiwan. The company together with its subsidiaries offers life and non-life insurance products, wealth management, corporate financing, consumer financing and investment services. It primarily operates through subsidiaries such as Cathay Life Insurance Co., Ltd., Cathay United Bank Ltd. and Cathay Century Insurance Co., Ltd., Cathay Securities Corporation, Cathay Securities Investment Trust Co., Ltd. and Cathay Venture Inc. The company sells its products and services across Taiwan and overseas through a network of branches, professional sales representatives and sales offices. Cathay Financial is headquartered in Taipei, Taiwan. Cathay Financial reported net premiums from insurance business of TWD213.3 billion during the fiscal year 2013 (FY2013), representing a decline of 6% over FY2012.
General Insurance > Commercial lines > Companies
Ace Group establishes new client management unit for Asia Pacific
By IBR Staff Writer
Multiline property and casualty insurer Ace Group has announced the creation of a new distribution and client management unit for Asia Pacific region.
General Insurance > Commercial lines > News
White Mountains Insurance acquires Tranzact for $178m
By IBR Staff Writer
US-based White Mountains Insurance Group has bought a 63% stake in customer acquisition services provider Tranzact, for $178m.
General Insurance > Commercial lines > News
AssuredPartners acquires Hukill Hazlett Harrington Agency
By IBR Staff Writer
AssuredPartners, through its platform company Assured Neace Lukens, has acquired Hukill Hazlett Harrington Agency, located in greater Cincinnati.
General Insurance > Commercial lines > News
India's CBI investigates undervaluation of penalty on Reliance General Insurance
By IBR Staff Writer
The Indian Central Bureau of Investigation (CBI) has commenced investigation into devaluation of penalty on Reliance General Insurance by the officials of Insurance Regulatory and Development Authority (IRDA) in 2009.
General Insurance > Commercial lines > News
Hamilton USA acquires admitted and surplus lines shell companies
By IBR Staff Writer
Hamilton USA, the New Jersey-based insurance operations of Hamilton Insurance Group, announced that Hamilton U.S. Holdings, the holding company for the group’s US platform, has completed the acquisition of Valiant Insurance Company, a US-based admitted insurance company, and Valiant Specialty Insurance Company, a US-based surplus lines insurer.
General Insurance > Commercial lines > News
First Commonwealth Insurance buys Thompson/McLay in US
By IBR Staff Writer
First Commonwealth Financial subsidiary First Commonwealth Insurance Agency (FCIA) has acquired Thompson/McLay Insurance Associates.
General Insurance > Commercial lines > News
AIG provides expanded $1bn casualty capacity for North American rail companies
By IBR Staff Writer
American International Group (AIG) announced that it has expanded excess casualty liability limits for Class 1 railroads in the US and Canada to $1bn per occurrence.
General Insurance > Commercial lines > News
Confie Seguros acquires two insurance brokerages
By IBR Staff Writer
Confie Seguros announced that it has acquired the assets of Carallo Insurance Group, an auto insurance agency in Garland, Texas; and a retail division of PayneWest Insurance in Marysville, Washington (formerly Wagner Insurance), which specializes in auto, home and small commercial insurance.
General Insurance > Commercial lines > News
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