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Updated: 5 min 56 sec ago

Icahn intervenes in AmTrust going-private plan

18 May, 2018 - 10:48
Billionaire investor Carl Icahn disclosed a 9.38 percent stake in insurer AmTrust Financial Services and said in a letter to the insurer’s board that he strongly opposed the going-private deal.

AIG losses more than double in Europe in 2017

18 May, 2018 - 10:21
AIG Europe reported a pre-tax loss of £431.5 million for 2017 (ending Nov. 30, 2017) after a negative £171.1 million in the 2016 financial year.

Lloyd’s brokers SSL, Endeavour merge under JC Flowers

18 May, 2018 - 10:20
Lloyd’s brokers SSL Insurance Group and Endeavour Insurance Services have entered into an agreement to merge the businesses.

Sompo expects to double profit in 2018

18 May, 2018 - 10:20
Sompo Holdings expects consolidated ordinary profit to double in the full year 2018 (ending March 31, 2019) based on the impact of hurricanes in North America and large losses.

Aviva secures major bulk annuity deal with M&S

18 May, 2018 - 10:02
Aviva's most recent bulk annuity transaction with retailer Marks and Spencer (M&S) is more than 50 percent larger than any of Aviva's previous bulk transactions, according to Jefferies analysts.

Aon reveals new CEO of Captive & Insurance Management business

18 May, 2018 - 10:02
Re/insurance broker Aon has appointed John English as CEO for its Aon Captive & Insurance Management business.

ACLI appoints new CEO as Kempthorne departs

18 May, 2018 - 10:02
The American Council of Life Insurers (ACLI) has appointed Susan Neely as president and CEO, succeeding Dirk Kempthorne, who has stepped down after eight years at the helm of the ACLI.

Allstate April cat losses at $211m

17 May, 2018 - 15:03
US personal lines insurer Allstate Corporation estimated catastrophe losses for the month of April 2018 of $211 million before taxes.

Japan's Toa Re hires former Amlin boss to launch new European unit in Zurich

17 May, 2018 - 10:30
Japan-based Toa Reinsurance Company (Toa Re) has hired the former chief executive of Amlin Europe to spearhead a new European reinsurance venture.

Former Kiskadee and DaVinci Re execs launch new $50m ILS fund

17 May, 2018 - 10:20
Three experienced ILS executives including one of the founders of Hiscox-owned Kiskadee Investment Managers and a former managing director of RenRe-owned DaVinci Reinsurance have formed a new hedge fund-backed ILS venture, according to a May 16 Reuters report.

NN Group unveils more cost reductions post Delta Lloyd acquisition

17 May, 2018 - 10:15
Profits dipped at NN Group, one of the biggest insurers in the Netherlands, in the first quarter of 2018 but its gross premium income rocketed on the back of its 2017 acquisition of Delta Lloyd as its chief executive said he anticipates the integration of the two companies will be largely finalised by the end of the year.

Malaysian fintech startup Jirnexu attracts $11m investment

17 May, 2018 - 10:13
Southeast Asian insurtech start-up Jirnexu has secured $11 million of investment from Japan-based SBI Group and US-based investor SIG Asia Investments (SIG).

Fidelis adds mortgage indemnity capacity with new MGA Aware

17 May, 2018 - 10:10
Bermuda-based Fidelis Insurance has taken an equity stake in a new managing general agent (MGA) Aware Specialty, and will be providing underwriting capacity.

Hyperion bolsters board with former PwC partner

17 May, 2018 - 09:58
Intermediary Hyperion Insurance Group has appointed Mark Stephen as a non-executive director and chair of its audit committee.

Lemonade unveils open source policies

16 May, 2018 - 17:12
AI-powered insurtech firm Lemonade Insurance Company is planning to create open source policies with an aim to make them simple, approachable, relevant, and digital, according to CEO and co-founder Daniel Schreiber.

Reinsurance hedge fund launches

16 May, 2018 - 16:16
Hedge fund firm Tangency Capital launched with $50 million in assets under management to bet on the reinsurance market ahead of the next hurricane season, according to a May 16 Reuters report.

Credit risk reforms expected to disrupt UK insurance segment

16 May, 2018 - 15:40
Credit risk insurance policies are likely to become more expensive and less readily available if regulatory changes proposed by the UK’s Prudential Regulation Authority (PRA) are pursued, according to the International Underwriting Association (IUA).

SCOR refocuses large corporate risks unit

16 May, 2018 - 15:37
French reinsurer SCOR has reorganised the structure of its large corporate risks insurance unit, SCOR Business Solutions, with the aim to increase client centricity.

XL Catlin boosts global M&A insurance capacity

16 May, 2018 - 15:35
Re/insurer XL Catlin has extended its global mergers and acquisitions (M&A) capacity by 20 percent to $60 million, in order to better address the transactional liability insurance needs of clients, brokers and other deal professionals.

Insurtech Ladder raises another $10m for expansion

16 May, 2018 - 15:34
California-based insurtech startup Ladder as secured $10 million strategic investment from Allianz Life Ventures and Northwestern Mutual Future Ventures.

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