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Novae investors split on Axis acquisition offer

Significant Novae shareholders appear divided on the value of Axis Capital's 700 pence per share acquisition offer after its single largest investor said the offer could be "materially higher"

Matthew Neill, 07 July 2017
Opinion: AIG dream team

AIG may have lost some of its might but it is still a major force in the US insurance landscape.

Dan Ascher, 07 July 2017
AmTrust shares advance on ADC deal

Investors today responded positively to AmTrust's $400mn adverse development cover (ADC) agreement with Arch-owned reinsurer Premia.

Bernard Goyder, 07 July 2017
Aegis to ramp up power outage business with Sompo Canopius hire

Energy mutual Aegis has set its sights on significant expansion in the niche power outage market in the US with the hire of Marina Nadirova from Lloyd's (re)insurer Sompo Canopius, The Insurance Insider can reveal.

Adam McNestrie, 07 July 2017
Protector Forsikring pegs Grenfell claim at £50mn

Norwegian general insurer Protector Forsikring has issued a £50.0mn ($64.6mn) preliminary estimate for its gross claims stemming from the Grenfell tower tragedy, indicating it expects a total loss to the policy

Matthew Neill, 07 July 2017
Opinion: PRA cyber consultation

Earlier this week the Prudential Regulation Authority (PRA) published feedback to market responses to its recent consultation paper on cyber insurance risk

Catrin Shi, 07 July 2017
AmTrust strikes ADC deal with Premia

AmTrust Financial has entered into a reinsurance agreement with Premia in which the reinsurer will cover up to $1.025bn in reserve losses, attaching when losses exceed $5.96bn under a deal disclosed today.

Ted Bunker, 07 July 2017
June storms induce $5bn in economic pain: Aon Benfield

Severe weather around the US last month produced at least $2bn in insured losses but flooding in southern China left 31 or more people dead and damaged or destroyed over 130,000 homes, making it June’s costliest natural disaster worldwide, Aon Benfield’s Impact Forecasting unit said today.

Ted Bunker, 07 July 2017
Guy Carp’s Hearn moves up to MMC executive committee

Guy Carpenter CEO Peter Hearn has been promoted to the Marsh & McLennan Companies (MMC) executive committee and now reports to MMC CEO Dan Glaser in the wake of Peter Zaffino's departure for AIG

Ted Bunker, 06 July 2017
Howden hires Yilmaz as Middle East and Africa CEO

Howden has hired Marsh Emirates CEO Atinc Yilmaz as regional CEO for Turkey, the Middle East and Africa.

Bernard Goyder, 06 July 2017

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