AIG has formed a huge Bermuda-domiciled run-off vehicle called DSA Reinsurance Company (DSA Re) to house around 80 percent of the total life and P&C insurance reserves in its legacy division, backed by around $40bn of invested assets.
Former Third Point Re executive Tony Urban has left his position as CEO of Grey Hawk Insurance Company, as the US program start-up continues discussions with a new investor group ahead of a potential launch, The Insurance Insider can reveal.
Industry veteran Jerry Tegan has re-emerged in the market as executive chairman of Ascot's recently launched MGA platform Ethos Specialty Insurance Services (Ethos).
Zurich North America’s head of specialty products E&O Erica Davis is leaving the carrier to join reinsurance broker JLT Re, The Insurance Insider can reveal.
Cincinnati Financial reported a 22 percent gain in operating profit for the fourth quarter driven by a lower combined ratio in the US insurer’s underwriting operations.
Aspen fell to an operating loss of $178.1mn for the fourth quarter as its bottom line took a beating from wildfires and increased frequency of mid-sized and attritional losses in the period.
