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UPC makes changes to board election rules
Uncontested elections will now require a majority of votes instead of a plurality
Laura Sanicola
,
02 April 2019
Commercial auto falters on poor pricing, reserving: AM Best
The line posted an underwriting loss every single year from 2011 to 2017.
Marissa Page
,
02 April 2019
Willis expects Tranzact to post 25-30% organic growth
CEO John Haley said the deal had been in the works for a while, and the broker long had its “eyes on this asset”.
Laura Sanicola
,
02 April 2019
Hanover mulls deployment of $400mn in excess capital
The insurer, flush with cash from the Chaucer sale, is considering acquisition opportunities, according to an analyst note.
Christie Smythe
,
02 April 2019
New Ocean founding CEO McKeown leaves Axa XL vice chairman post
The executive took an advisory role when Axa XL bought out minority investors in the funds platform last year.
Sofia Geraghty
,
02 April 2019
Expansive Nexus acquires Capital Risks MGA
News of the purchase follows the inaugural transaction by Nexus' broking platform Xenia.
Anna Sagar
,
01 April 2019
Aon lifts Hurricane Michael loss forecast to $11bn
The broker lifts its loss estimate from the hurricane by $1bn, and nudges up its forecast for Hurricane Florence by $200mn to $5.5bn.
Anna Sagar
,
01 April 2019
Lloyd’s enters 2019 with no open years
The unusual development follows the close of five run-off years during 2018.
Catrin Shi
,
01 April 2019
Atlas Financial again delays 10-K filing
The auto insurer said its outside auditor needs more time.
Marissa Page
,
01 April 2019
AmTrust 1861 narrows underwriting loss in 2018
The syndicate reported a £2.4mn profit overall, driven by investment returns.
Rachel Dalton
,
01 April 2019
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