Renee Kiriluk-Hill

Fairfax Financial Holdings Ltd. said it fully owns Brit Ltd. after paying Ontario municipal employee pension plan OMERS approximately $383 million for its 13.8% share.

Axis Capital Holdings Ltd. will retrocede $2.3 billion of reinsurance segment reserves to Enstar Group Ltd. under a loss portfolio transfer structured as a 75% ground-up quota share, the companies

Insurtech Root Inc. has expanded auto to Minnesota, it's 35th state. The company said it now offers coverage to more than 77% of the U.S. population.

Applied Underwriters' subsidiary American Atlantic Assurance Co. will start offering property/casualty coverage across the European Union at the start of the new year.

Liberty Mutual subsidiary Safeco will exit multiple smaller lines in California amid increasing risk and volatility, according to a company spokesperson.

Following a record-setting summer of insured losses, the Canadian government failed to include in its fall economic statement the money needed to create a national flood insurance agency,

BNP Paribas Group has entered into a €5.1 billion ($5.30 billion) share purchase agreement with Axa SA to acquire Axa Investment Managers and form a long-term partnership.

RiverStone International said it has agreed to provide loss portfolio transfer reinsurance and an insurance business transfer with Zurich Insurance Europe and Zurich Insurance Co.

Community parametric insurance pilot programs are gaining traction in the United States as factors stress property insurance affordability and availability, according to Guy Carpenter Managing