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XL Catlin names Nationwide underwriter for surety role

XL Catlin has appointed Nationwide's head of large commercial surety to run its commercial bond insurance, the carrier said today

Bernard Goyder, 18 April 2017
NFP acquires Associated Agency Group

Insurance broker and consultant NFP has bought P&C intermediary Associated Agency Group (AAG) for an undisclosed sum

Laura Board, 18 April 2017
FCA to vet wholesale insurance, outsourcing arrangements

The Financial Conduct Authority (FCA) pledged today to undertake a market study on the wholesale insurance sector and a new review into the general insurance distribution chain as it shifts its focus from narrow consumer issues to market structures

Laura Board, 18 April 2017
AIG confirms Hancock’s pay cut by a quarter

Outgoing AIG CEO Peter Hancock received 23 percent less remuneration in 2016 than the year before, the company has disclosed in a US Securities and Exchange Commission (SEC) filing

Bernard Goyder, 18 April 2017
Towergate backers confirm Ryan Direct deal

Ryan Specialty Group has agreed a deal with private equity firms Madison Dearborn Partners (MDP) and HPS Investment Partners for its UK insurance services and claims management business Ryan Direct Group (RDG).

Matthew Neill, 18 April 2017
The Insider 50

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

Iulia Ciutina, 18 April 2017
Swiss Re to establish Asian reinsurance HQ in Singapore

Swiss Re plans to move its Asian reinsurance headquarters to Singapore from Hong Kong with the establishment of a new legal entity.

Matthew Neill, 18 April 2017
WR Berkley turns 50

Listed US insurer WR Berkley turned 50 yesterday and celebrated its growth from a company that was founded with just $2,500 in initial investment to a market cap carrier of almost $9bn.

Charlie Thomas, 18 April 2017
Caelus Re cat bond targets $300mn

Nationwide Mutual Insurance Company is seeking to raise $300mn from a new Caelus Re cat bond, according to sources.

Sofia Geraghty, 18 April 2017
Pernod Ricard burns through NZ quake limit

Global drinks manufacturer Pernod Ricard's insurance recoveries from New Zealand's 2016 Kaikoura earthquake have been restricted due to a quake sub-limit in its insurance programme, sister publication Inside FAC has revealed.

18 April 2017

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