American Financial Group (AFG) said it will take a charge of $65mn in its second quarter results in relation to the major restructure taking place at its Lloyd’s platform, Neon Underwriting.
Florida mutual Sawgrass has accused its part-owner Endurance of trying to destroy its business after the John Charman-led firm threatened to sell the renewal rights of 40,000 homeowner policies to a competitor.
A formal prospectus has been issued for Ironshore's proposed IPO as parent Fosun looks to take the insurer public in a move first revealed by The Insurance Insider earlier this year.
