Bermudian reinsurer Maiden Holdings plans to sell $150mn in preferred shares at $25 each in a public offering, the firm said today in regulatory filings.
Insurance CEOs have slammed the use of broker facilities with the boss of Tokio Marine HCC saying that delegating underwriting authority to intermediaries is "like giving the keys to the inmates" of an asylum.
Expansive broking house AJ Gallagher has added another agency to its growing stable with the acquisition of Armstrong/Robitaille/Riegle in Ann Arbor, Michigan
