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AmTrust committee sought 43% sweetener on first offer

A special committee established to assess the Stone Point Capital-backed management buyout offer for AmTrust had argued for a price as much as 43 percent higher than the bidders' $12.25-per-share proposal.

Laura Board, 09 April 2018
Former Zurich UK casualty head Kitchen moves to RSA

Nick Kitchen, who heads small and medium-sized enterprise and package insurance for Zurich in the UK, has stepped down from the carrier to join RSA, The Insurance Insider understands.

Laura Board, 09 April 2018
US specialty insurers push the Insider 50 down

The Insurance Insider's index of 50 P&C (re)insurance companies - The Insider 50 - fell by 0.5 percent last week to 1,113.50 index points. This translates into a year-to-date decline of 3.1 percent.

Khilan Shah, 09 April 2018
IQ Spring 2018

Finally it has come to a stop. The goose has been cooked. The canary has croaked. The party is over. The fat lady has sung and the curtain has come down.

Mark Geoghegan, 09 April 2018
Surety carrier shares drop on PMI price cuts

Surety carriers’ shares dropped today after MGIC Investment Corporation said it planned a sharp cut in rates on its private mortgage insurance (PMI) products.

Ted Bunker, 09 April 2018
US Exim Bank buys $1bn reinsurance programme

XL Catlin, Liberty Specialty Markets and Everest are the leaders on a $1bn reinsurance programme for the Export-Import Bank of the United States.

Catrin Shi, 09 April 2018
AFL appoints JLT’s Bines as chief commercial officer

AFL, a broker backed by former Cooper Gay CEO Toby Esser, has recruited Jonathan Bines as chief commercial officer.

Bernard Goyder, 09 April 2018
Beazley's Horton to replace Aubert as LMG chair

Beazley CEO Andrew Horton is to take over as chairman of the London Market Group in May, replacing Willis Towers Watson Great Britain head Nicolas Aubert.

Bernard Goyder, 09 April 2018
FCA expects annual cost of Brexit work to double to £5mn

The Financial Conduct Authority (FCA) pegged its annual funding requirement (AFR) at £543.9mn ($766.1mn) as it announced its business plan for the 2018 to 2019 financial year.

Laura Board, 09 April 2018
FCA eases wholesale broking report timeframe

The Financial Conduct Authority has indicated the interim findings of its wholesale broking review may come later than expected.

Catrin Shi, 09 April 2018

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