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Stone Point back with a bang with AmTrust deal

Stone Point, the private equity firm proposing to take AmTrust private alongside the Karfunkel family, has been relatively quiet in the insurance space of late but is now set to take a central role in perhaps the sector’s most-watched story.

Adam McNestrie, 10 January 2018
Spinnaker joins hands with InsurTech Hippo

Spinnaker, the specialist programme carrier set up to target cat-exposed US property risks, has established its first partnership with a homeowners’-focused InsurTech startup, Hippo, to help the newcomer expand its reach beyond California, Arizona and Texas.

Ted Bunker, 10 January 2018
Ethos confirms Aggarwal as M&A insurance head

MGA platform Ethos Specialty Insurance Services has confirmed the appointment of Navine Aggarwal as head of M&A insurance, as the Ascot business continues to build out its team

Laura Board, 10 January 2018
Aspen names global credit and political risks head

Aspen Insurance has promoted Carolyn Thomas to global head of credit and political risks

Catrin Shi, 10 January 2018
AmTrust shares outstrip offer price

Shares in AmTrust rose in early trading above the $12.25 per share value of yesterday's buyout offer from the Karfunkel-Zyskind family and Stone Point, as investors betted on a modest sweetener.

Laura Board, 10 January 2018
AmTrust forms special committee to scrutinise deal to go private

The board of AmTrust Financial Services has appointed a special committee to consider the proposal from Stone Point-managed funds and the Karfunkel family to acquire all outstanding AmTrust shares, the carrier announced today

Catrin Shi, 10 January 2018
Jain and Abel promoted to Berkshire Hathaway vice chair

Berkshire Hathaway has promoted both Ajit Jain and Gregory Abel to the role of vice chairman and elected them to the its board, the carrier announced today

Bernard Goyder, 10 January 2018
Beach confirms acquisition by Acrisure

Beach & Associates, the reinsurance broker owned by Jeff Greenberg's private equity firm Aquiline, has confirmed its acquisition by US retail broker Acrisure.

Bernard Goyder, 10 January 2018
IG puts placement of huge reinsurance out to tender

The International Group of protection and indemnity clubs is set to run a broker tender process for its risk transfer arrangements, The Insurance Insider can reveal.

Adam McNestrie, 10 January 2018
AGCS appoints Vissing as London claims head

Allianz Global Corporate & Specialty (AGCS) has appointed Lars Vissing as head of claims for the London regional unit, starting in February

Charlie Thomas, 10 January 2018

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