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Commercial lines

Generali to acquire 49% stake in Malaysian MPIB for EUR81.4m By IBR Staff Writer
Italy-based Generali has signed an agreement with MPHB Capital wholly-owned subsidiary Multi-Purpose Capital Holdings Berhad to acquire a 49% interest in its P&C insurance subsidiary, Multi-Purpose Insurans Berhad (MPIB), for around €81.4m (MYR355.8m).
General Insurance > Commercial lines > News
HCI Group Insurance subsidiary assumes about 36,000 policies from Citizens Property Insurance By IBR Staff Writer
Homeowners Choice Property & Casualty Insurance Company, a wholly-owned subsidiary of HCI Group, (HCI), has assumed approximately thirty-six thousand homeowners' policies, including an estimated thirty thousand wind-only policies, from Citizens Property Insurance Corporation, Florida's state-operated insurance company.
General Insurance > Commercial lines > News BHSI enters inland marine and ocean cargo market By IBR Staff Writer
Berkshire Hathaway Specialty Insurance (BHSI) announced that it is expanding into inland marine and ocean cargo insurance, and has appointed John Evans to lead its marine business.
General Insurance > Commercial lines > News
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Ageas UK agrees new strategic partnership with Virgin Money
By IBR Staff Writer
Ageas UK and Virgin Money have entered into an agreement that will see both businesses work together to create a range of Home and Motor Insurance products for the UK market during 2015.
General Insurance > Commercial lines > News
XL Group confirms £2.5bn acquisition deal with Lloyd’s insurer Catlin
By IBR Staff Writer
Global insurance firm XL Group has confirmed that it is engaged in preliminary discussions to acquire Lloyd’s of London insurer Catlin Group, in a deal that could be valued around £2.5bn.
General Insurance > Commercial lines > News
BHSI introduces new Professional First Asset Management Liability Insurance policy
By IBR Staff Writer
Berkshire Hathaway Specialty Insurance (BHSI) has introduced a new Professional First Asset Management Liability Insurance policy.
General Insurance > Commercial lines > News
Fairfax agrees to acquire Czech, Hungarian and Slovakian Insurers
By IBR Staff Writer
Fairfax Financial Holdings announced that it has entered into an agreement with QBE Insurance (Europe) to acquire QBE's insurance operations in the Czech Republic, Hungary and Slovakia.
General Insurance > Commercial lines > News
UPC Insurance to buy Family Security Holdings
By IBR Staff Writer
United Insurance Holdings (UPC Insurance) has entered into an agreement and plan of merger to acquire Family Security Holdings (FSH), for around $9m.
General Insurance > Commercial lines > News
XL Group expands executive liability protection in US with new primary coverage form
By IBR Staff Writer
In order to thoroughly protect companies and their directors and officers in an increasingly complex litigation and regulatory environment in the US and around the world, XL Group's Professional Liability business has released the Executive and Corporate Securities Liability policy form.
General Insurance > Commercial lines > News
NFP buys EBS/Foran Insurance and Advisory Services in US
By IBR Staff Writer
US-based National Financial Partners (NFP) has acquired Massachusetts-based EBS/Foran Insurance and Advisory Services, allowing the company to expand its employee benefits offerings.
General Insurance > Commercial lines > News
Kemper to buy auto insurer Alliance United for $70m
By IBR Staff Writer
US-based Kemper has signed an agreement to acquire Alliance United Group and its wholly-owned subsidiaries, for around $70m.
General Insurance > Commercial lines > News
Open GI appointed to support Be Wiser’s Commercial Lines strategy
By IBR Staff Writer
Market-leading technology provider, Open GI, has confirmed a three-year deal to support Be Wiser’s Commercial Lines strategy.
General Insurance > Commercial lines > News
Travelers’ JV with J. Malucelli to acquire majority interest in Colombian surety start-up
By IBR Staff Writer
The Travelers Companies has announced that its joint venture with J. Malucelli in Brazil will acquire a majority interest in Cardinal Compañía de Seguros, a Colombian start-up surety provider.
General Insurance > Commercial lines > News
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