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Hub agrees to buy Wells Fargo Crop agency

Acquisitive national broker Hub has agreed to buy the crop insurance brokerage run by Wells Fargo, as the bank continues to sell off its insurance assets.

Ted Bunker, 09 November 2017
Maiden falls over 21% on surprise loss tied to AmTrust

Maiden Holdings plunged almost 22 percent in New York trading today after the company posted a far larger loss than expected by analysts, driven by a $77.7mn reserve charge mostly tied to sister company AmTrust.

Ted Bunker, 09 November 2017
Coverys Syndicate 1975 hires active underwriter

Medical professional liability specialist Coverys Syndicate 1975 has named Keith Bryceland as its active underwriter

Catrin Shi, 09 November 2017
AmTrust shares slide on disappointing Q3 loss

Shares in AmTrust dropped 11 percent in New York trading today after posting a surprise third quarter operating loss as catastrophe claims punished its results

Ted Bunker, 09 November 2017
Darag secures exclusivity on VIG legacy book

European legacy specialist Darag is in exclusive talks to acquire a book of Italian motor business from Donau, a subsidiary of multinational insurer Vienna Insurance Group (VIG), The Insurance Insider can reveal.

Adam McNestrie, 09 November 2017
Travelers discloses wildfire losses of up to $675mn

Travelers expects to incur losses of $525mn to $675mn from October's wildfires in California, as major personal lines insurers continue to disclose sizeable claims

Adam McNestrie, 09 November 2017
James River's shares fall on stock sale news

Shares in specialty insurer James River fell 6.7 percent in New York trading after it said affiliates of hedge fund DE Shaw would sell at least 3 million shares through a secondary offering.

Laura Board, 09 November 2017
Axis expects $35mn-$45mn of California wildfire claims

Bermuda carrier Axis has estimated that last month's Californian wildfires would cost it $35mn to $45mn before tax and net of reinsurance

Laura Board, 09 November 2017
Ardonagh hires former Jelf GI broking chief

Insurance group Ardonagh has hired former Jelf executive Rob Worrell as CEO of its broking business, The Insurance Insider can reveal.

Adam McNestrie, 09 November 2017
Opinion: Brokers in the spotlight

Is a day of reckoning coming for brokers?

Adam McNestrie, 09 November 2017

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