Specialty carrier Assurant has sealed a $1.36bn property cat reinsurance programme with a 5 percent year-on-year reduction in premiums to about $125.6mn.
Marsh has hired Sastry Durvasula from American Express naming him chief digital officer and chief data and analytics officer, a newly created position.
TigerRisk is acting as intermediary for parametric electronic (re)insurance placements on Xchanging’s X-gRm platform for catastrophe and windstorm software-based carrier New Paradigm Underwriters.
Chicago-based Ryan Specialty Group (RSG) has hired Pascal Alvarez to lead a new Latin American financial-lines focussed managing general underwriter (MGU), the company announced today.
Neptune Investment Management has sold the majority of its stake in Novae hours after it told this publication that Axis Capital's offer to acquire the company could have been "materially higher"
Significant Novae shareholders appear divided on the value of Axis Capital's 700 pence per share acquisition offer after its single largest investor said the offer could be "materially higher"
