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Stone Point agrees $1.37bn deal to take AmTrust private

AmTrust’s founding family plans to collaborate with Stone Point Capital to buy out AmTrust’s other shareholders and take the troubled company private in a deal worth $1.37bn to those investors.

Ted Bunker, 10 January 2018
AM Best stays negative on US reinsurance sector

Continued pressure on property cat rates from the growing influence of alternative capital sources has kept AM Best from changing its negative outlook on the US reinsurance sector.

Ted Bunker, 10 January 2018
Aviation war veteran Carman launches MGA

Aviation war underwriter Bruce Carman has returned to the London market to launch a managing general agent (MGA), The Insurance Insider can reveal.

John Hewitt Jones, 09 January 2018
Munich Re insures EasyJet for flight cancellation

Munich Re and EasyJet have developed a flight cancellation insurance product that provides the airline with business interruption cover for events like volcanic ash clouds.

Bernard Goyder, 09 January 2018
Hiscox promotes Micheals to US CUO

Hiscox has named Eric Micheals as chief underwriting officer for the US to replace Nicole Goodwin, who is stepping down.

Bernard Goyder, 09 January 2018
Assurant ups cash payment to The Warranty Group owner

P&C insurer Assurant will give more cash and less stock to private equity firm TPG Capital under revised terms for its takeover of The Warranty Group (TWG) following US tax reforms

09 January 2018
Liberty names Franken-le-Clercq as head of European claims

Liberty Specialty Markets (LSM) has named Renske Franken-le-Clercq as head of claims for commercial and specialty business written in mainland Europe

Laura Board, 09 January 2018
Lloyd’s D&F market makes ground at 1 January

Rate increases achieved by the property direct and facultative (D&F) market at 1 January could herald the beginning of a slow recovery in the class, which has been one of the greatest victims of the prolonged soft market.

Catrin Shi, 09 January 2018
Liberty Mutual the biggest homeowners’ writer in winter-struck northeast US

Liberty Mutual emerged as the market leader in the northeast US, where primary homeowners' insurers face the prospect of mounting claims from subzero temperatures and heavy snowfall

Iulia Ciutina, 09 January 2018
Alternative capital down $7bn post-HIM: Aon Benfield

Alternative capital dropped $7bn at the end of September following the HIM losses, Aon Benfield has said in its latest Reinsurance Market Outlook.

Sofia Geraghty, 09 January 2018

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