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Next gains blue chip backer in American Express

Next Insurance has added a blue chip backer to its roster of early investors as American Express chipped in to the Silicon Valley startup’s latest financing.

Ted Bunker, 21 June 2017
Citizens approves 5.3% rate hike and policy changes

Florida’s Citizens has outlined rate rises and policy changes for 2018 in response to the ongoing assignment of benefits (AOB) crisis.

David Bull, 20 June 2017
American Ag upgraded by AM Best

American Agricultural Insurance Company's improved underwriting and operating results have earned it an upgrade from AM Best, which elevated the reinsurer's financial strength rating by one step to A

Ted Bunker, 20 June 2017
Faraday to get new CEO as management revamped

Faraday CEO Steve Michael will hand over to CFO Andrew D'Arcy in October as part of a broader set of management changes at Berkshire Hathaway's Lloyd's platform, The Insurance Insider can reveal

Adam McNestrie, 20 June 2017
JLT Specialty USA beefs up aerospace practice

JLT Specialty USA has made four senior appointments within its aerospace practice that draw on three JLT insiders and one external hire

Laura Board, 20 June 2017
ILS manager Twelve loses investment head Butler

The head of investment management at insurance-linked securities (ILS) manager Twelve Capital, John Butler, is leaving the firm, sister publication Trading Risk reported yesterday

Fiona Robertson, 20 June 2017
The Insider 50

Share price data on The Insurance Insider's universe of P&C (re)insurers

20 June 2017
Ed hires professional and exec risks quintet

London market broker Ed has made five new appointments to its professional and executive risks team, four of which have joined from Willis Towers Watson.

Matthew Neill, 20 June 2017
Axis Northshore Re II cat bond targets $250mn

Axis Capital is seeking $250mn from a second cat bond, Northshore Re II 2017-1, which will cover a number of its subsidiaries, Trading Risk understands.

Sofia Geraghty, 20 June 2017
Leadenhall invests in start-up as AuM hit $4.2bn

Leadenhall Capital Partners announced its assets under management (AuM) had grown by more than $800mn in the past half-year to reach $4.2bn by 1 June as the company was named as an investor in start-up Gryphon Group Holdings.

Lucy Jones, 20 June 2017

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