A Bermuda-based insurance holding company acquired Heartland Crop Insurance, a Topeka, Kan.-based managing general agent, as its builds its business into “shorter tail specialty lines.”

Markel Corp. is acquiring Aspen Holdings, a privately held insurance group that provides workers’ compensation insurance, for about $135 million.

OneBeacon Insurance Group completed the sale of its traditional personal lines business to Tower Group as the company focuses its attention on specialty lines, the company announced.

MiniCo, a Phoenix, Ariz.-based specialty insurance provider, sold its insurance agency operations, MiniCo Insurance Agency, to a New York-based insurance services provider.

Jersey City, N.J.-based Torus Specialty Insurance Co. has received its license to write property-casualty business in Delaware, giving the company the authority to write surplus lines in 42 states.

Torus provides …  Read →

Maurice “Hank” Greenberg, one-time CEO of American International Group and one of the insurer’s largest shareholders, is reuniting with some of his former colleagues for a new insurance venture.

Maurice …  Read →