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Intact sells almost $200mn debt for RSA purchase
Canadian carrier Intact is to issue C$250mn ($198.5mn) of subordinated debt in order to fund its takeover, with Danish insurer Tryg, of RSA.
Rachel Dalton
,
29 March 2021
QBE Re to expand African treaty hub with new hire
QBE Re has appointed Attilio Tornetta as head of Africa in a bid to grow its treaty hub for the continent.
Jim Robinson
,
29 March 2021
Marsh construction duo head to Lockton
James Cook and Lewis Coward are set to join the broker later this year.
Anna Sagar
,
29 March 2021
Chubb stresses M&A ‘discipline’ after The Hartford bid rejection
The one-time suitor releases a statement after a report that Allianz is contemplating an offer of its own.
Laura Board
,
29 March 2021
Beat Capital names Galda Joyce as CEO of US operation
The new partner is a former COO of Ariel Re and Goldman Sachs banker.
Jim Robinson
,
29 March 2021
Suez marine crisis eases as Ever Given refloated
The claims outlook for liabilities stemming from the massive disruption remains highly uncertain.
Samuel Casey
,
29 March 2021
ICA ups Queensland and NSW floods claims estimate to A$438mn
The industry association reports that about 29,213 claims have been received so far.
Anna Sagar
,
29 March 2021
Allianz considers making bid for The Hartford: report
The German carrier is reportedly wary of Chubb’s bidding firepower because of the lack of synergies any takeover would yield.
Rachel Dalton
,
29 March 2021
UK, EU forge regulatory pact as BoE ‘clamps down on Brexit moves’
The MoU amid suggestions a spat about the substance of Brexit hubs could jeopardise equivalence designations.
Anna Sagar
,
29 March 2021
Opinion: The net tightens in Florida
Willis Re data on Florida participants’ deteriorating CoRs and solvency highlights the challenges to be faced at this year’s 1 June renewal.
Rachel Dalton
,
29 March 2021
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