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Nephila explores options for a minority investor refresh
Sources said that Evercore has been retained to advise Nephila management, who holds the majority of the business.
Adam McNestrie
,
28 June 2018
California’s Jones blasts insurers on gutted fire relief bills
The legislation was aimed at aiding survivors of catastrophic 2017 wine country wildfires.
Ted Bunker
,
28 June 2018
Peers cut Ogden review frequency in third reading
Period between reviews of the lump sum discount rate would rise to five years.
Laura Board
,
28 June 2018
Chubb to offer coverage to Citi clients in Mexico
The agreement includes a distribution deal for Chubb to market surety products to Citibanamex commercial customers.
Laura Sanicola
,
28 June 2018
Liberty Mutual pulls in $700mn through Limestone Re
The sidecar issued $278mn of debt earlier this week.
Fiona Robertson
,
28 June 2018
Fairfax-backed Digit to buy India's ITI Re: report
It is understood that ITI had been struggling to write business and its future as the Indian insurance market's only privately owned reinsurer was in doubt.
Bernard Goyder
,
28 June 2018
Lockton hires former Willis Re specialty chief Ridge
Jerry Ridge will be joined by Willis Re’s Jennifer Jones in the global group.
Laura Board
,
28 June 2018
Property chief Heath leaves Axis Specialty
Many considered the UK property book that Heath wrote to be the jewel in the crown of the old Novae business.
Adam McNestrie
,
28 June 2018
Direct Insurance Group mints warranty and affinity MGA
Novus Underwriting is targeting EUR250mn in GWP within five years.
Catrin Shi
,
28 June 2018
Eiopa dispenses new Brexit warning
The EU insurance regulator says “swift actions” are needed from both the industry and supervisors to ensure consumer protection.
Laura Board
,
28 June 2018
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