Tower Group to Merge with ACP Re | Holiday Data Breaches Show Cyber Attack Complexity

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Featured Story January 6, 2014 Tower Group to Merge with ACP Re in $172.1M Deal; Renewal Rights Sold By Phil Gusman, PropertyCasualty360.com A subsidiary of ACP Re Ltd. will acquire 100% of the outstanding stock of Tower Group International and the two companies will merge. AmTrust will acquire the renewal rights of Tower Group's commercial lines insurance operations, and National General Holdings Corp. will acquire the personal lines renewal rights.…Read More Slideshow The Iroquois Theater Fire: Stage Set for Disaster By Laura Mazzuca Toops, PropertyCasualty360.com The audience expected a treat. What they got was a disaster arising from failed systems, shoddy workmanship, and negligence. …Read more More Specialty Lines News Separate Holiday Data Breaches Show Complexity of Cyber Attacks By Anya Khalamayzer, PropertyCasualty360.com The holidays began and ended with the bang of newsworthy cyber breaches that illustrated the complexity of hacking scenarios, which vary in their intent and fallout on targeted companies and their customers. …Read more J.P. Morgan Settles Another Force-Placed Lawsuit for $22.1M By Arthur D. Postal, PropertyCasualty360.com J.P. Morgan Chase has agreed to settle for $22.1 million class action lawsuits involving force-placed flood insurance imposed on homeowners in California and New York.…Read more Need more info on the latest in Specialty Lines? Visit the E&S Specialty Business section on PropertyCasualty360.com for everything you need! The Sleeping Giants: Notable Absences in 2013 U.S. Cat Season By Christina Bramlet-Wichard, PropertyCasualty360.com Though many predicted another year of record-setting catastrophic destruction, 2013 passed without even one major hurricane.…Read more Andrew Gibbs Named Bermuda's New Insurance Supervisor By Staff Writer The Bermuda Monetary Authority appointed Andrew Gibbs, a chartered accountant and insurer with 27 years of experience in the Bermuda market, as its new director of insurance supervision. …Read more USI Extends Presence in Southeast with Molton, Allen & Williams Acquisition By Hannah Bender, PropertyCasualty360.com USI acquires Birmingham, Ala. company to extend footprint on local and national scale…Read more Reports: Reinsurance Rates Falling; Sector Adapting to Meet Pricing Challenges By Anya Khalamayzer, PropertyCasualty360 GC and Willis Re report falling property catastrophe reinsurance rates for 2014. The competitive pricing environment will push companies to innovate in 2014, say property and casualty insurance experts at the turn of the New Year. …Read more Market Directory Solve your biggest coverage challenges with help from the NEW Market Directory tool on PropertyCasualty360.com. Search the Market Directory today to find profiles on reliable carriers and MGAs for your specialty and hard to place risks. You can even use the tool to compare multiple options before placing a single call! Subscribe to our eNewsletters Get the best of PropertyCasualty360.com, from market trends and news to the analysis you need - it's the information you need to solve your biggest business problems...so you can sleep at night. Check out PropertyCasualty360.com eNewsletters!
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07 Jan, 2014

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Source: http://insurancereviewinfo.blogspot.com/2014/01/tower-group-to-merge-with-acp-re.html
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