The recently announced tie-up between homeowners' carrier United Insurance Holdings and commercial specialist American Coastal will increase the listed Floridian's presence in the excess and surplus lines (E&S) space.
Travelers executive chairman and former CEO Jay Fishman has died after battling a neuromuscular condition that forced him to step down as head of the US-listed insurer last year.
Homeowners' carrier United Insurance Holdings (UIH) has agreed an all-stock merger with commercial specialist American Coastal to create the third largest player in the Florida residential property market.
Fitch has put a number of Arch Capital’s issuer credit ratings on negative watch following news that the carrier is to acquire AIG’s mortgage insurance business United Guaranty Corporation (UGC).
Arch Capital has confirmed reports from earlier today that it has entered into a $3.4bn deal to acquire AIG’s mortgage insurance business United Guaranty Corporation (UGC).
