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Canopius pulls £1bn legacy deal after it seals equity raise
Sources said that the carrier’s equity raise was the more efficient path to securing growth capital.
Adam McNestrie
,
23 November 2020
IAG completes A$650mn capital raise at 7.5% discount
The carrier seeks to address potential BI liabilities following a court ruling.
Rachel Dalton
,
23 November 2020
Ki goes live with key roster of brokers
The follow-only syndicate has carved up most of its 2021 capacity among leading Lloyd’s intermediaries.
Anna Sagar
,
23 November 2020
BMS enters financial lines with hire of Madell
The executive was previously CEO of Australian farm insurance MGA Allstate Underwriting Agencies.
Samuel Casey
,
23 November 2020
Aviva sells 80% Aviva Vita stake to partner UBI Banca for EUR400mn
The Amanda Blanc-led company says it is continuing to evaluate the remaining Italian businesses.
Anna Sagar
,
23 November 2020
Pandemic uncertainty is creating a stand-off in the 1.1 renewal discussions
The polarisation of views on Covid losses is so wide, and the sums at stake so large, that it is inevitable some reinsurance claims will end up in arbitration processes.
Rachel Dalton
,
23 November 2020
Inigo completes $800mn capital raise and seals StarStone Underwriting deal
The start-up names NatWest chair Howard Davies as chairman.
Anna Sagar
,
23 November 2020
Judge rejects Willis Re Miami broker’s bid to have non-compete nullified
According to court filings, the plaintiff earlier this month resigned from Willis to join Guy Carp in the Florida city.
John Hewitt Jones
,
21 November 2020
Aon board approves repurchase of up to $5bn additional Class A shares
The move signals the likely restart of share buybacks, which were suspended earlier this year in response to Covid-19.
John Hewitt Jones
,
20 November 2020
Zurich in talks to acquire MetLife’s P&C business
The operation would be drawn into Farmers Group, which acts as the attorney-at-fact for the mutual insurance giant Farmers.
Bernard Goyder
,
20 November 2020
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