Fairfirst Insurance Limited

CAC Specialty | March 20, 2020

CAC Specialty has entered into a strategic partnership with funds managed by affiliates of Fortress Investment Group. The strategic relationship allows CAC Specialty to help with the capital needs of its clients with their acquisitions, recapitalizations, growth capital and other financing transactions. Fortress is ready to offer short-term financing for CAC clients experiencing liquidity pressure due to both the direct and indirect impact of the COVID-19 pandemic. “During this challenging...

DARAG | January 21, 2020

DARAG has successfully reached a reinsurance agreement with a major insurance company. The loss portfolio transfer between DARAG Insurance Guernsey Limited (DIGL) and a multinational insurance company (whose identity has not been disclosed) with subject reserves over $100 million has closed. A release said that DIGL is providing economic and operational finality for the counter-party’s US general liability book of business. TigerRisk served as an advisor to both parties in closing the deal...

Aon | January 15, 2020

Global insurance brokerage and professional services firm Aon has officially completed its acquisition of CoverWallet, a US-domiciled digital insurance platform for small and medium-sized enterprises (SMEs). Now finalized, the deal enables Aon to expand its position in the fast-growing commercial insurance market for SMEs. The brokerage giant will also be able to leverage CoverWallet’s technology and data & analytics capabilities to develop and scale innovative digital client experienc...

IBM | June 04, 2020

Administration of 800,000 individual life insurance contracts transitions to IBM's Open Insurance Platform. Outsourcing with subsequent renewal options designed to help Aegon to modernize policy administration and realize long-term customer...