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FedNat sells debt to close $16.7mn Monarch deal

Federated National found a financial backer to help it raise the nearly $17mn it needs to buyout its partners in Monarch National Insurance, TransRe and Crosswinds Holdings, the Florida carrier said in a regulatory filing.

Ted Bunker, 19 December 2017
Tax reform passes House and heads to Senate vote

The US House of Representatives passed a sweeping tax overhaul today that would drop the corporate income tax rate to a flat 21 percent and fundamentally alter offshore affiliate reinsurance economics should the measure win Senate approval and be signed into law.

Ted Bunker, 19 December 2017
Starr taps Blakey as CEO to replace retiring Dangelo

Starr picked Steve Blakey from its ranks to replace retiring Charles Dangelo, naming Blakey as president and CEO of its global insurance operation.

Ted Bunker, 19 December 2017
California’s growing Thomas fire nears record size

Southern California’s Thomas fire expanded again over the weekend and may soon top the list of the largest wildfires officially recorded, data from state authorities show.

Ted Bunker, 19 December 2017
Generali confirms run-off sale to Compre

Generali has confirmed the sale of about EUR300mn ($353mn) of non-life legacy liabilities from its UK branch to Compre.

Adam McNestrie, 19 December 2017
Vibe signs up two MGAs to incubator platform

MGA incubator Vibe MGA Management (VibeMM) has brought two MGAs onto the platform.

Adam McNestrie, 19 December 2017
AJG sues Alliant over poaching

Alliant stands accused once again of improperly scooping up a rival's broker and support staff, then luring away clients.

Ted Bunker, 19 December 2017
Australian government shelves state-backed reinsurer plans

The Australian insurance industry has welcomed the government's decision to drop plans for a state-backed reinsurance pool and a cyclone mutual insurer.

Catrin Shi, 19 December 2017
Opinion: Puerto Rico puzzle

Pfizer's $450mn loss notification, as we revealed yesterday, is another piece added to the vast and complex Puerto Rico loss puzzle following the devastation of Hurricane Maria

Catrin Shi, 19 December 2017
Bains MGA launches with Nephila investment

Volante Global, the super-MGA founded by ex-Dual CEO Talbir Bains, will commence underwriting in the New Year with seed capital provided by Nephila

Adam McNestrie, 19 December 2017

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