BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.
To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.
To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.
Preservation Capital Partners Ltd., a financial services-focused private equity firm, on Tuesday said it has invested in U.S. construction-focused managing general agency Cove Programs Insurance Services LLC.
Terms of the transaction, which remains subject to regulatory approvals, were not disclosed, London-based Preservation Capital said in a statement.
Preservation Capital added that it intends to combine Cove’s operations with those of insurtech, cyber and specialty lines MGA Ascent Underwriting, in which the private equity firm has an existing stake.
The combined entity will manage in excess of $200 million gross written premiums, the statement said, adding Ascent and Cove will continue to operate under their respective brands.
Joe Ghartey, Ghana's Minister of Railways Development, urged local insurers to cover big construction projects such as in the railway sector, Graphic Online reported. Mr. Ghartey called on insurers to set up a working group to collaborate with the ministry to cover upcoming projects. The government is looking to develop the railway sector and Ghana and Burkina Faso could collaborate to construct a rail line from Tema Harbour to Ouagadougou, he added.