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Commercial lines

Fairfax to buy Sri Lanka’s Asian Alliance General Insurance By IBR Staff Writer
Fairfax Asia has signed an agreement to acquire Sri Lankan insurer Asian Alliance General Insurance (AAGI).
General Insurance > Commercial lines > News
Universal Insurance Holdings launches homeowners insurance policy in Alabama By IBR Staff Writer
Universal Insurance Holdings (UVE) announced that the State of Alabama Department of Insurance has approved the homeowners insurance rates and forms of its wholly-owned subsidiary, Universal Property & Casualty Insurance Company (UPCIC), and that UPCIC has subsequently written its first homeowners insurance policy in Alabama.
General Insurance > Commercial lines > News Berkley introduces political risk insurance coverage for life science firms By IBR Staff Writer
Berkley Life Sciences has launched political risk insurance for life science companies for exposures experienced by customers with overseas assets or operations.
General Insurance > Commercial lines > News
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XL Catlin adds Brian Benjamin to launch global M&A insurance business
By IBR Staff Writer
As more companies look for merger and acquisition (M&A) opportunities to strengthen market position, expand globally and grow, XL Catlin is building its expertise and suite of products with the formation of the Global Mergers and Acquisitions Insurance Division and the appointment of Brian Benjamin as Global Head to lead the effort into this rapidly expanding market.
General Insurance > Commercial lines > News
Fairfax to buy majority stake in Indonesian insurer AMAG
By IBR Staff Writer
Fairfax Asia has agreed to acquire 80% stake in Indonesian insurer PT Asuransi Multi Artha Guna Tbk (AMAG) from PT Paninvest Tbk and its affiliates.
General Insurance > Commercial lines > News
Chubb expands its water damage defense services to all US homeowners insurance customers
By IBR Staff Writer
Chubb is expanding its water damage defense services that helps its homeowners insurance customers protect their property against water leaks.
General Insurance > Commercial lines > News
National General agrees to buy Direct General for $165m
By IBR Staff Writer
National General Holdings has agreed to acquire Elara Holdings, the parent firm of property and casualty (P&C) insurance company Direct General Corporation, for about $165m.
General Insurance > Commercial lines > News
FAST and Insurance Technologies partner for industry advancement
By IBR Staff Writer
FAST, a leading provider of componentized software for the life and annuity industry, and Insurance Technologies, a prominent provider of sales automation software for the financial services industry, announced a strategic partnership between the two organizations.
General Insurance > Commercial lines > News
XL Group shareholders approve redomestication to Bermuda from Ireland
By IBR Staff Writer
XL Group announced that its ordinary shareholders have approved a scheme of arrangement that will change the place of incorporation of the ultimate parent holding company to Bermuda from Ireland.
General Insurance > Commercial lines > News
Energi establishes value-added wholesale insurance division
By IBR Staff Writer
Energi Insurance Services, an operating entity of Energi, has established a wholesale insurance division in order to provide superior service to its partner independent insurance agents and brokers.
General Insurance > Commercial lines > News
Selective adds new watercraft coverage enhancements
By IBR Staff Writer
Selective Insurance Company of America, a subsidiary of Selective Insurance Group, Inc. (SIGI), has launched new insurance coverage for personal watercraft and watercraft equipment, including discounts and options for enhancements.
General Insurance > Commercial lines > News
CBL plans to acquire French firm SFS for EUR94m
By IBR Staff Writer
Credit and financial risk insurer CBL is planning to acquire France-based Securities and Financial Solutions Europe (SFS) for €94m.
General Insurance > Commercial lines > News
Squaremouth introduces Berkshire Hathaway travel protection to travel insurance offerings
By IBR Staff Writer
Squaremouth has added Berkshire Hathaway Travel Protection to its network of providers.
General Insurance > Commercial lines > News
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