Enstar Group Limited announced that its wholly-owned subsidiary, Nordic Run-Off Limited, had entered into a definitive agreement for the purchase of Copenhagen Reinsurance Company Ltd. (“Copenhagen Re”) from Alm. Brand Forsikring A/S. Copenhagen Re was placed into run-off in 2001.
The purchase price of approximately $28 million is expected to be financed from available cash on [...]
Enstar Group Limited announced that Royston Run-Off Limited, its indirect subsidiary, completed the previously announced acquisition of Unionamerica Holdings Limited from St. Paul Fire and Marine Insurance Company, an affiliate of The Travelers Companies, Inc. (“Travelers”), for a purchase price of $341.3 million. Unionamerica Holdings Limited is comprised of the discontinued operations of Travelers’ UK-based [...]
TFG today announces in furtherance of its share repurchase program announced on November 30, 2007, that for the period of October 27, 2008 through October 31, 2008 TFG purchased 17,196 of its shares for an average price of U.S. $3.37 per share.
Tetragon Financial Group Limited (TFG) is a Guernsey closed-ended investment company traded on Euronext [...]
TFG announces in furtherance of its share repurchase program announced on November 30, 2007, that for the period of October 20, 2008 through October 24, 2008 TFG purchased 43,444 of its shares for an average price of U.S. $4.38 per share.
About Tetragon:
Tetragon Financial Group Limited (TFG) is a Guernsey closed-ended investment company traded on Euronext [...]
Northern Trust announced it has been appointed to provide an insurance accounting and financial reporting outsourcing solution for ProMutual Group, a leading provider of medical liability insurance in the Northeast. ProMutual Group, with an investment portfolio of approximately $1.9 billion, is the first client to benefit from the full statutory accounting solution developed by [...]
To better meet the needs of employee benefit brokers and consultants, HM Insurance Group, a Highmark company, has launched its next generation HM Worksite Advantage product line, which features dedicated worksite sales specialists, redesigned products, seamless account administration, targeted enrollment techniques and membership management in a highly coordinated approach for the growing worksite marketplace.
“Employee benefit [...]
On January 20, 2009, Wolf Haldenstein Adler Freeman & Herz LLP filed a class action lawsuit in the United States District Court, Southern District of New York, on behalf of all persons who purchased the Variable Universal Life Insurance (“VUL”) Policies issued by Tremont International Insurance Limited or Argus International Bermuda Limited [AGH BH] (collectively, [...]
As previously announced, the Board of Directors of ACE Limited declared a quarterly dividend of 0.30 Swiss Francs (CHF) per share, payable on January 12, 2009 to shareholders of record as of December 17, 2008. The dividend payment will be $0.27 per share, based on the USD/CHF exchange rate published on January 5, 2009 [...]
Following the redomestication of ACE Limited’s holding company to Zurich in July 2008, the ACE Group has now taken the additional step of founding a new Swiss insurance company. The new company – ACE Insurance (Switzerland) Limited, a subsidiary of ACE Limited – will manage the insurance and reinsurance business of the Zurich branch [...]
Hudson Insurance Group (“Hudson”), the U.S. Insurance division of Odyssey Re Holdings Corp. (“OdysseyRe”), announced that its Environmental Products unit will commence operations on December 1, 2008.
Hudson Environmental Products is led by Steve Porcelli, Senior Vice President and managed by Joe Valenza, Vice President. The new unit is headquartered in New York City.
As announced on [...]
