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CFC confirms Vitruvian buy-in

CFC Underwriting has confirmed that Vitruvian Partners has agreed to purchase a stake in the managing general agent (MGA).

Charlie Thomas, 22 March 2017
AJ Gallagher claims manager jailed for five years

A claims handler at a managing general agent owned by Arthur J Gallagher has been jailed for five years after embezzling £1.8mn ($2.2mn) from his employer.

Bernard Goyder, 22 March 2017
XL Catlin installs E&S binding head

XL Catlin has expanded the role of Karl Fischbach to make him head of binding authorities for its excess and surplus lines (E&S) insurance operation.

Laura Board, 22 March 2017
Liberty Mutual buys assets of MGA TRU

Liberty Mutual Insurance's specialty lines business has acquired the assets of TRU, a managing general agency specialising in medical stop loss cover.

Bernard Goyder, 22 March 2017
Large cedants shrink reinsurer panels: Conning

The 20 largest cedants in 2015 slimmed down the number of reinsurers they used to concentrate their risks among just a handful of carriers, a new study has revealed.

Dan Ascher, 22 March 2017
Health reform struggle dims tax cut prospects: BMO

US equity markets were hit hard today amid dimming prospects for significant tax reforms, which could undermine earnings forecasts built partly on the assumption that the corporate rate would be cut this year.

Ted Bunker, 22 March 2017
Hilb buys truck cover broker

Acquisitive private equity-backed agency Hilb Group has made its 11th acquisition in the past year with the addition of American Truck Insurance Exchange, it announced today.

Ted Bunker, 22 March 2017
Siddiqui leaves Athene board and resigns from Apollo

Imran Siddiqui has resigned from Apollo Management’s private equity group, where he is a senior partner, and from Athene Holding’s board of directors, Athene said today in a regulatory filing.

Ted Bunker, 22 March 2017
Bank of America adds Morgan Stanley banker Bischof

Bank of America’s investment banking arm has hired seasoned insurance dealmaker Eric Bischof from rival Morgan Stanley, according to an internal communique seen by The Insurance Insider.

Dan Ascher, 21 March 2017
Navigators recruits new continental European head

US specialty insurer Navigators has hired Guillaume Déal from Crédit Agricole as managing director for mainland Europe as part of a growth push on the continent, The Insurance Insider can reveal.

Adam McNestrie, 21 March 2017

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