Generali reportedly has put three of its Latin American subsidiaries up for sale as the Italian insurance giant seeks to streamline its operations as part of a wider efficiency drive.
The 20 largest cedants in 2015 slimmed down the number of reinsurers they used to concentrate their risks among just a handful of carriers, a new study has revealed.
Bank of America’s investment banking arm has hired seasoned insurance dealmaker Eric Bischof from rival Morgan Stanley, according to an internal communique seen by The Insurance Insider.
AmTrust has again found itself in the crosshairs of the plaintiff bar after an accounting error forced it to postpone the release of its full results filing for 2016 and restate its results for the past three years
AIG will not pay its outgoing CEO Peter Hancock a cash bonus for last year after the insurance giant was forced to swallow a number of significant reserve charges, but he will be paid $5mn for staying on during a transition period.
