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Oceanwide, Genworth discuss deal extension
New York-listed life insurer Genworth is in talks with agreed bidder China Oceanwide about extending their $2.7bn takeover deal amid a new delay at the Committee on Foreign Investment in the United States (Cfius).
Bernard Goyder
,
14 July 2017
Patriot National founder Mariano steps down
Insurance technology and outsourcing provider Patriot National’s founder and CEO Steven Mariano, who is also the company’s majority shareholder, has stepped down from his operational roles and was replaced by the head of the company’s underwriting unit, John Rearer.
Matthew Neill
,
14 July 2017
CNA names Thomas first claims analytics head
Insurer CNA has hired Robert Thomas from The Hartford to become its first senior vice president for claims analytics, finance and operations with the global property and casualty (P&C) division.
Matthew Neill
,
13 July 2017
MGAs outgrew P&C market in 2016: Conning
Growth in the MGA and program market outpaced the broader property and casualty (P&C) market by 1.2 percentage points last year, according to data from Conning.
Matthew Neill
,
13 July 2017
HPS and BP Marsh fund Nexus acquisitions
Global investment firm HPS Investment Partners and venture capital provider BP Marsh & Partners have provided the financing for a trio of acquisitions for expansive MGA Nexus Underwriting.
Charlie Thomas
,
13 July 2017
Saudi Re to buy into Probitas as Istmo Re exits
Middle Eastern reinsurer Saudi Re is set to take a significant minority position believed to be upwards of 40 percent in Ash Bathia's Lloyd's start-up Probitas as its failed Panamanian backer sells out, The Insurance Insider can reveal.
Adam McNestrie
,
13 July 2017
NatGen secures $70mn auto and homeowners quota shares
US general insurer National General has arranged separate two-year auto and homeowners reinsurance placements each with $70mn per-event limits.
Matthew Neill
,
13 July 2017
Alesco CEO takes on AJG specialty leadership
Alesco CEO Simon Matson has been promoted to head of AJ Gallagher International (AJG)'s London-based specialty business in a management restructure that brings the two units together under the same leadership.
Adam McNestrie
,
13 July 2017
A&H merry-go-round continues with Ing departure
Tom Ing, senior accident and health (A&H) underwriter at CV Starr, has resigned from the company, The Insurance Insider understands.
Charlie Thomas
,
13 July 2017
Trisura secures specialty licence from Oklahoma regulator
Canadian carrier Trisura Group has received a licence to write specialty business from the Oklahoma Insurance Department, weeks after completing a $110mn spin-off from controlling shareholder Brookfield Asset Management.
Matthew Neill
,
13 July 2017
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