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HCC Global Financial Products to Offer Kidnap & Ransom Insurance

HCC Global Financial Products, a provider of Financial Lines Insurance since 1999, announced the launch of an international HCC branded Kidnap and Ransom (K&R) Insurance product in conjunction with...

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HCC Insurance Holdings Names Srinivasa as Chief Information Officer

Houston-based HCC Insurance Holdings Inc. announced that Parthasarathy Srinivasa has joined HCC as senior vice president and chief information officer (CIO), reporting to William N. Burke, HCC’s...

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HCC Insurance Eyes Crop Insurance with Acquisition of Producers Ag

HCC Insurance Holdings Inc. said has agreed to acquire Producers Ag Insurance Group Inc. (ProAg) from CUNA Mutual Group in an all-cash purchase of ProAg’s capital stock for $110 million. The...

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German Soccer Club Insured for Revenue Losses; Policy Led by Catlin, XL

Borussia Dortmund is using an unusual insurance policy to recover most of the income it is losing for failing to qualify for European soccer’s elite Champions League for the first time in five years,...

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Tokio Marine to Buy HCC for $7.5B in Biggest Ever Deal by Japanese Insurer

Tokio Marine Holdings Inc. agreed to buy HCC Insurance Holdings Inc. for about $7.5 billion in the biggest acquisition by a Japanese insurer, stepping up an overseas expansion to counter stagnation at...

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AXIS Share Price Climbs on Speculation It Is Potential Takeover Target

AXIS Capital Holdings Ltd., the insurer that agreed to merge with PartnerRe Ltd., jumped in New York trading on speculation that the deal could fall apart, which could put AXIS in play to be taken over...

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Tokio Marine to Use Citic for China Growth, as It Steps Up Overseas Expansion

Tokio Marine Holdings Inc., fresh from its biggest acquisition in the U.S., is now looking for opportunities in China. The insurer plans to utilize its ties with Citic Group Corp., China’s biggest...

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13 Specialty Insurers Emerging As Takeover Targets: S&P

Standard & Poor’s sees a number of specialty insurers as potential takeover targets by both rival carriers and investors seeking to expand in the segment, thanks to stellar operating performance...

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Japanese Insurers Expected to Continue U.S. Spending Spree: Investment Bankers

Japanese insurers made more than $18 billion worth of acquisitions in the U.S. last year, and their spending spree isn’t over yet, industry dealmakers said on Tuesday. Japan has a number of large,...

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Tokio Marine in Talks to Acquire RHB’s Non-Life Insurance Unit: Sources

Tokio Marine Holdings Inc, is in exclusive talks to buy RHB Bank’s general insurance unit in a deal that also includes an agreement to distribute the Japanese insurer’s products through the Malaysian...

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