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AJG to sell $1.3bn-plus of stock after Aon-Willis deal priced at 9.2x Ebitdac
The buyer says the deal involves revenue of about $1.3bn and earnings of around $357mn.
Laura Board
,
12 May 2021
Canopius COO, head of central services resign ahead of expected IPO
The pair had both joined the carrier in 2018.
Catrin Shi
,
12 May 2021
Aon/Willis strike $3.6bn deal with Gallagher for remedy assets
The merger partners are working towards a third-quarter completion after a side-deal they say addresses EC concerns.
Adam McNestrie
,
12 May 2021
Upstream market faces $135mn loss from sunken Malaysian rig
Wreck removal, if required, would generate a separate $50mn-$100mn claims bill for the P&I market.
Samuel Casey
,
12 May 2021
Hiscox lands The Hartford’s Pearsall as it rebuilds in D&O
Hiscox, a lead market for D&O in London, takes its peer’s head of London market financial lines.
Samuel Casey
,
12 May 2021
Payouts for Covid-19 BI claims now top £700mn, says FCA
Axis and Covea have so far paid the greatest number of final settlements.
Rachel Dalton
,
12 May 2021
Africa Specialty Risks launches liability offering with new hire
Martin Boreham, who will head liability underwriting, is the latest in a slew of appointments.
Anna Sagar
,
12 May 2021
Asta appoints former QIC Global executive Redmond as independent NED
During his tenure at Antares/QIC Global, Stephen Redmond was active underwriter, managing director and most recently chief transformation officer.
Anna Sagar
,
12 May 2021
ArgoGlobal to provide $25mn capacity to green finance MGA
Tierra Underwriting is led by Andrew Beechey and supports green project-finance transactions.
Samuel Casey
,
12 May 2021
Allianz ‘going back to business as usual’: Terzariol
The executive says that AGCS is ready to pursue growth after renewal rates rose 22% in the first quarter, following 26% expansion for 2020 as a whole.
Samuel Casey
,
12 May 2021
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