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Peak Re secures $77mn of capacity for Lion Rock Re sidecar
The fundraising is slightly up on the $75mn raised on the sidecar’s debut.
Lucy Jones
,
07 January 2020
Dale Underwriting hires HDI staff for A&H foray
Steven Lawson and Lauren Meredith join as Dale prepares to deploy up to £147mn of Lloyd’s stamp capacity this year.
Rachel Dalton
,
07 January 2020
Aquiline takes majority stake in InsurTech Ontellus
Jeff Greenberg’s private equity firm joins CapStreet on the shareholder roster at the records retrieval specialist.
Anna Sagar
,
07 January 2020
Beach buys US A&H broker RICS
The acquisition follows a $400mn debt issue from Beach parent Acrisure last year to finance M&A.
Rachel Dalton
,
07 January 2020
Only the timing is a surprise with Neon’s closure. It will not be the last to go
Yesterday, Neon was placed into run-off by parent AFG – on just the third business day of the year.
Adam McNestrie
,
07 January 2020
Insured Australian bushfire losses rise to $486mn: ICA
Rain brings temporary reprieve to parts of New South Wales, though hot and dry conditions are forecast to resume.
Anna Sagar
,
07 January 2020
Wells Fargo analyst downgrades Travelers, Axis, United
Greenspan was more optimistic about Arch, switching her opinion to ‘overweight’ from ‘equal weight’.
Bernard Goyder
,
07 January 2020
Tokio Marine to sell 3.9% RenRe stake
The Japanese group’s shares in the reinsurer were worth about $333.9mn at Monday close.
John Hewitt Jones
,
07 January 2020
Starr appoints Toronto-based general aviation underwriter
Former Swiss Re aviation executive Paul O’Ryan is set to join the business.
John Hewitt Jones
,
07 January 2020
Argo latest specialty insurer to shutter Miami office
The Bermudian carrier’s retreat from Miami follows similar moves by Brit and Aspen.
Bernard Goyder
,
07 January 2020
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