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Darag CEO Gossmann resigns

European run-off specialist Darag said CEO Arndt Gossmann has stepped down from his position after eight years.

Matthew Neill, 03 March 2017
US regulator considers non-bank Sifi release: Reuters

The US Financial Stability Oversight Council (FSOC) has reportedly reviewed the designation of systemically important financial institution (Sifi) for an unidentified non-bank firm, which could have positive repercussions for AIG.

Matthew Neill, 03 March 2017
Bermuda plans tax and fee hikes with a wary eye on US

A tax reform proposal from Bermuda Finance Minister Bob Richards calls for a 2.5 percent levy on local non-health insurers, along with increases in other areas such as customs duties and permit fees applied to some international financial firms.

Ted Bunker, 03 March 2017
CNA ex-Europe boss takes global distribution role

A former head of CNA’s European operations, John Hennessy, is set to take over sales and distribution for the Chicago-based carrier, The Insurance Insider can reveal.

Dan Ascher, 02 March 2017
Brown & Brown wins $20mn to end Assured poaching case

A poaching dispute between Florida-based broker AssuredPartners and national intermediary Brown & Brown has ended in a $20mn settlement, closing another round of litigation between the two firms.

Dan Ascher, 02 March 2017
Tom and PwC create blockchain payment prototype

The London market Target Operating Model (Tom) and PwC have launched a blockchain prototype aimed at demonstrating the technology's use in improving payment processes

Matthew Neill, 02 March 2017
Barrette steps down as White Mountains CEO

Ray Barrette has stepped down as White Mountains CEO with immediate effect after 13 years

Adam McNestrie, 02 March 2017
Nexus posts £5mn Ebitda for 2016

Independent managing general agent (MGA) Nexus Underwriting has recorded Ebitda in excess of £5.0mn ($6.2mn) for 2016, representing growth of 66 percent year-on-year

Charlie Thomas, 02 March 2017
AmTrust completes AmeriHealth Casualty acquisition

AmTrust has completed the acquisition of AmeriHealth Casualty Insurance Company from Independence Health Group for approximately $92.8mn in cash.

Catrin Shi, 02 March 2017
White Mountains makes Rountree CEO

Financial services holding company White Mountains has appointed White Mountains Capital president Manning Rountree as CEO with immediate effect

Catrin Shi, 02 March 2017

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