August 2016/4

Financial and strategic buyers have a rare opportunity to pick up meaningful exposure to the heavyweight end of the run-off market after Goldman Sachs' private equity arm signalled that it wanted to sell its stake in Enstar.

Jay Fishman, the chairman and former CEO of Travelers, lost his battle with amyotrophic lateral sclerosis, the progressive neurological disease known as ALS, on Friday (19 August). He was 63.

The Prudential Regulation Authority (PRA)'s proposals to monitor "model drift" question the raison d'être of internal models, according to the Association of British Insurers (ABI).

The $3.4bn acquisition of AIG's mortgage insurance arm United Guaranty Corporation (UGC) does not represent a fundamental change in Arch Capital, CEO Dinos Iordanou told The Insurance Insider in an exclusive interview.

Austria-based carrier Uniqa has begun the process of auctioning off its Italian business, The Insurance Insider understands.

Insurance is a simple business. You take in premiums and invest them. Out of this you pay wages, office costs, brokerage and losses. The money you get from the former needs to comfortably exceed the latter - that being the case you get to pay the taxman and then your shareholders.

Athito CEO Stef Raftopoulos and Ark executive chairman David Foreman have decided not to pursue a dual managing agency-syndicate start-up, focusing instead on the launch of the syndicate, The Insurance Insider can reveal.