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Ironshore sets up tax consortium in M&A group

Liberty Mutual’s Ironshore is launching a new tax consortium as part of an expansion of its M&A insurance division within its international group

Bernard Goyder, 25 May 2017
P&C sector slides to Q1 US underwriting loss: AM Best

P&C insurers in the US swung to a first quarter underwriting loss while National Indemnity Company’s retroactive reinsurance deal with AIG dramatically reduced the sector’s net income for the period, according to AM Best

Ted Bunker, 24 May 2017
F&G in $1.8bn buyout led by CF Corp

A group of investors led by CF Corporation have agreed to buy Fidelity & Guaranty Life (FGL) from HRG Group for about $1.84bn in cash and the assumption of $405mn in debt

Bernard Goyder, 24 May 2017
Post-Brexit ‘bonfire of regulations’ unlikely: Execs

Expectations of a "bonfire of regulations" following the UK's exit from the EU are likely to prove unfounded given the country's already taut oversight regime, according to a group of senior industry executives

Matthew Neill, 24 May 2017
Florida water claim losses spiral: AM Best

Assignment of benefits (AOB) problems in the Florida property insurance market have led to a 14.2 percent annual increase in water claim losses since 2010, according an AM Best report.

Fiona Robertson, 24 May 2017
Over-cap Canterbury claims add to Tower losses

New Zealand insurer Tower said new Canterbury earthquake claims received from the state-backed Earthquake Commission (EQC) led it to increase its loss reserves for the 2010-11 Canterbury earthquakes in the half-year to 31 March

Fiona Robertson, 24 May 2017
Cathedral’s head of aviation war departs

Cathedral's aviation war head underwriter Bruce Carman has resigned after nearly three years at the company

Adam McNestrie, 24 May 2017
Swiss Re Singapore CEO gains P&C remit

Swiss Re has named Sharon Ooi as head of its Singapore property and casualty underwriting hub, as part of a wider set of changes to the structure of its Asian business

Bernard Goyder, 24 May 2017
Motor insurer Sabre exploring sale or IPO

The car insurer Sabre is considering an initial public offering or a sale as its private equity owner looks to liquidate its position, the London Evening Standard has reported

Adam McNestrie, 24 May 2017
California agrees $12mn settlement with WR Berkley

The California Department of Insurance (CDI) has received a $12mn settlement from WR Berkley Corporation after one of its subsidiaries was found to be operating as a surplus lines carrier in the state without the required licences

Matthew Neill, 24 May 2017

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