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Pollen Street buys majority stake in Miles Smith
Private equity house Pollen Street Capital (PSC) is set to buy a majority shareholding in Miles Smith, the UK schemes and affinities broker announced yesterday
Charlie Thomas
,
22 December 2017
Opinion: Tax reform and PE-backed M&A
Tax reform in the US, achieved at virtually lightning speed by a Congress that typically flails for months if not years at persistent problems without resolution, has prompted much speculation and analysis as to how it may change insurance sector dynamics
Ted Bunker
,
22 December 2017
RenRe estimates $40mn US tax reform impact
RenaissanceRe is anticipating a $40mn writedown as a result of the US tax bill which passed through Congress on 20 December
Catrin Shi
,
22 December 2017
Ed appoints trio of marine brokers
Private equity-backed Ed has boosted its marine team with the hire of Heather Clarkson as managing director for the line, along with two other brokers
John Hewitt Jones
,
22 December 2017
Zurich buys car comms specialist Bright Box
Zurich Insurance Group has bought car communications specialist Bright Box in a move it says will allow it to facilitate new insurance services that leverage telematics-enabled data analytics.
Ted Bunker
,
22 December 2017
Tax reforms spur rush to deal with changes
Property and casualty insurers are starting to dig into the details of pending US tax reforms and finding the few lumps of coal buried in what promises to produce net benefits to their bottom lines starting next year
Ted Bunker
,
22 December 2017
California fires have not led to reviews: AM Best
Carriers hit by California wildfire claims will not face ratings actions by AM Best, which said today that the record insured losses from the October fires in the wine country north of San Francisco were “within insurers’ risk tolerances”.
Ted Bunker
,
21 December 2017
Chubb taps Gillston to lead NA real estate group
Chubb has taken steps to bolster its North American major accounts real estate and hospitality industry group by adding the unit to the responsibilities of Seth Gillston, the insurer’s mergers and acquisitions and private equity practice leader.
Ted Bunker
,
21 December 2017
GIC Re syndicate gains in-principle approval
India's state-owned reinsurer GIC Re moved one step closer to realising its long-held Lloyd's ambitions today as its turnkey managing agency Pembroke announced that its syndicate had gained in-principle approval.
Charlie Thomas
,
21 December 2017
ICA declares catastrophe over Tuesday storms
The Insurance Council of Australia (ICA) has declared storms that struck parts of regional Victoria and metropolitan Melbourne on Tuesday a catastrophe.
Charlie Thomas
,
21 December 2017
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