August 2017/1

Zurich has reached the second stage in the disposal of its EUR400mn ($470mn) German legacy medical malpractice book, having selected three run-off carriers to participate in the next round of bids, The Insurance Insider understands.

Markel views its proposed acquisition State National as a strong growth engine, with the fronting specialist well-positioned to take advantage of secular trends in the P&C sector driven by alternative capital and InsurTech.

Oak Hill's acquisition of Carlyle Group's majority stake in Epic Insurance Brokers is the latest deal in what seems to be a near-constant churn of ownership among private equity-backed intermediaries.

Epic Insurance Brokers president Pete Garvey is looking for acquisitions that would represent a strategic fit for the fast-growing business after principal financial backer Carlyle Group agreed to sell its majority stake to Oak Hill late last month in a deal valuing the firm at nearly $1bn.

The greatest paradox of today is that some of our best marketers are actually the worst communicators.

Low levels of catastrophe losses flattered second quarter results at risk carriers, as market conditions continued to apply upward pressure to core loss ratios amid softening reserve releases.

Lloyd's deputy chairman; PRA raises facilities concerns; Kilpatrick joins Fidelis; MS Amlin in Brussels; Hailstorm Paul losses...