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IAG buys $750mn cat cover after losses
The Australian carrier IAG has added a new A$1bn ($754mn) top layer to its A$7bn catastrophe reinsurance treaty, in an active year for local catastrophe losses.
Bernard Goyder
,
09 June 2017
AmTrust sells $212mn stake in NatGen
AmTrust has struck a deal to offload most of its 11.5 percent stake in US personal lines insurer National General Holdings Corp (NGHC), as the embattled insurer works to shore up its balance sheet.
Bernard Goyder
,
09 June 2017
Marsh bolsters Boeing facility with US Ex-Im Bank hires
Marsh has hired a duo of aircraft finance experts from the US Export-Import Bank (Ex-Im), a government-backed export facilitator, to work on its newly established Boeing credit insurance facility.
Bernard Goyder
,
09 June 2017
Mayo to leave Ariel following Argo buyout
Excess and surplus lines (E&S) property executive Colin Mayo is parting company with Ariel Re just four months after its $235mn acquisition by Argo Group, The Insurance Insider can reveal.
David Bull
,
09 June 2017
AIG plans Arch preferred sale to raise over $600mn
American International Group plans to sell almost 6.4 million shares in Arch Capital valued at more than $600mn as AIG converts half of the preferred stock it received in the sale of its United Guaranty unit to the Bermudian.
Ted Bunker
,
09 June 2017
Never mind the price
All trades need willing buyers and sellers in order to happen - that's what makes a market. The magic of the trading environment means that even though each counterparty is doing the opposite of the other, both are right.
Mark Geoghegan
,
08 June 2017
Tysers reports 12.8% Ebitda increase for 2016
London market broker Tysers reported a 12.8 percent increase in Ebitda profit to £10.6mn ($13.7mn) and a flat Ebitda margin of 20 percent for the full-year 2016
Matthew Neill
,
08 June 2017
ACR appoints ex-Catlin exec Heerasing deputy CEO
Asia Capital Re (ACR) has brought in Bobby Heerasing as deputy CEO as it nears the completion of its long-trailed sale, The Insurance Insider can reveal
Adam McNestrie
,
08 June 2017
Ed Broking appoints LatAm CEO and chairman
Global wholesale and specialty broker Ed revealed today it has shaken up the leadership of its Latin American business as group CEO Steve Hearn continues to repurpose the Lightyear Capital-backed company
Charlie Thomas
,
08 June 2017
FCA reviewing PI market: report
The UK Financial Conduct Authority (FCA) has launched a review into the professional indemnity (PI) market as part of a drive to improve coverage for advise
Matthew Neill
,
08 June 2017
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