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Canopius backs InsurTech MGA Kinsu

Canopius has emerged as the sole paper provider to InsurTech company Kinsu, a digital MGA founded by former Hiscox underwriter Chris Sharpe.

Bernard Goyder, 01 March 2018
Former Axis Re CEO received $2.9mn severance pay

Jay Nichols, the former Axis Re CEO, received $2.9mn in severance pay after leaving the company last year, Axis has disclosed in its annual report.

Bernard Goyder, 01 March 2018
Pool Re 2018 retro pricing ‘broadly flat’ year on year

Pool Re achieved "broadly flat" pricing for the renewal of its expanded £2.1bn ($2.9bn) retro programme, despite the addition of an extra trigger for physical damage arising from a cyber attack.

Catrin Shi, 01 March 2018
AIG names general insurance COO and chief auditor

AIG has appointed Donna DeMaio as global chief operating officer of the group's recently created general insurance division and Naohiro Mouri as executive vice president and chief auditor.

John Hewitt Jones, 01 March 2018
Carlyle-backed PIB Group adds Lorica

Private equity-backed broker consolidator PIB Group has acquired Lorica Insurance Brokers in its thirteenth transaction in under two years.

Rachel Dalton, 01 March 2018
Ardonagh backers acquire Compass broker network

Private equity firms HPS Investment Partners (HPS) and Madison Dearborn Partners (MDP) have agreed to buy insurance broker network Compass Broker Holdings for an undisclosed sum.

John Hewitt Jones, 01 March 2018
AmTrust take-private offer sweetened by 10.2%

The Karfunkel-Zyskind family and private equity firm Stone Point have lifted their offer for AmTrust to $13.50 per share as the insurer warned of residual "material weaknesses" in its business.

Catrin Shi, 01 March 2018
Property market faces $50mn bill for Branson’s Necker Island

Property insurers are set to pay out around $50mn to Virgin founder Richard Branson for damage relating to his private Necker Island resort, The Insurance Insider understands.

Catrin Shi, 01 March 2018
Hurricanes hit StarStone and Atrium profits for 2017

Property insurers are set to pay out around $50mn to Virgin founder Richard Branson for damage relating to his private Necker Island resort, The Insurance Insider understands.

Charlie Thomas, 01 March 2018
Friederike losses estimated at EUR1.47bn: Perils

Catastrophe data aggregator Perils has estimated the insured property loss from extratropical cyclone Friederike at an initial EUR1.47bn ($1.81bn).

Catrin Shi, 28 February 2018

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