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White Mountains closes $513mn buyback

White Mountains Insurance Group has completed a larger-than-anticipated share buyback of $513.4mn

Bernard Goyder, 15 September 2017
Davies expands services lines with Ambant takeover

Private equity-backed outsourced services provider Davies Group has bought Ambant from its director-owners to form the basis of a new insurance services division

Laura Board, 15 September 2017
Opinion: A time to shine

Catching up on emails in the San Diego sun during a cancelled appointment at WSIA this week, it was difficult to dismiss the sense of déjà vu

David Bull, 15 September 2017
AGCS makes Vassallo senior downstream underwriter in London

Allianz Global Corporate & Specialty (AGCS) has promoted Anthony Vassallo to lead downstream energy underwriting at its London regional unit.

Bernard Goyder, 15 September 2017
Greenberg wins round in Spitzer legal battle

Maurice "Hank" Greenberg won a round in his pursuit of former New York Attorney General Eliot Spitzer as a state appeals court ruled that the former AIG CEO could seek a defamation judgment against his legal nemesis.

Ted Bunker, 15 September 2017
Cobalt provides first Islamic M&A insurance with AIG

Cobalt Underwriting has underwritten the first Islamic merger and acquisition insurance policy in the Middle East, as the MGA seeks to position itself as the main supplier of Shariah-compliant coverage in London.

Bernard Goyder, 14 September 2017
Sirius agrees to $700mn deal for Israel’s Phoenix

Sirius has agreed to buy a majority interest in Phoenix Holdings for about 2.51bn shekels ($702mn) from Israel’s Delek Group, starting with a 4.9 percent stake.

Ted Bunker, 14 September 2017
Irma insured loss in French islands $1.4bn: CCR

French state-owned reinsurer CCR has estimated the insured loss from the damage wrought by Hurricane Irma to the French collectivities of Saint Martin and Saint Barthélemy at EUR1.2bn ($1.4bn)

Laura Board, 14 September 2017
US property cat rates to rise 4-5% post-Irma: Bernstein

A drop in available insurance-linked securities (ILS) capital after hurricanes Irma and Harvey will likely trigger US property catastrophe rate increases of 4-5 percent, Bernstein analyst Thomas Seidl has claimed.

Catrin Shi, 14 September 2017
Jose to weaken to tropical storm by Friday: NHC

Hurricane Jose looks set to weaken to a tropical storm and turn away from the US eastern seaboard, according to the latest models from the National Hurricane Center

Charlie Thomas, 14 September 2017

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