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Delta Lloyd accepts EUR2.5bn offer from NN Group

Netherlands insurer Delta Lloyd on Friday accepted a marginally sweetened EUR2.5bn ($2.6bn) offer from Benelux peer NN Group after almost three months of talks.

Laura Board, 23 December 2016
Peak Re granted Zurich licence

Hong Kong-based reinsurer Peak Re has been granted approval by the Swiss Financial Market Supervisory Authority to establish a subsidiary, the carrier announced today.

Charlie Thomas, 23 December 2016
P&C disrupter Lemonade begins nationwide US expansion

Lemonade has registered to start operations in 46 more states and the District of Columbia, the New York-based “peer-to-peer” P&C carrier announced today.

Ted Bunker, 23 December 2016
Navigators scores an A grade from S&P on overseas unit

Navigator Group has set up a new international unit which has received an A rating from Standard & Poor’s.

Ted Bunker, 23 December 2016
NY state delays cybersecurity rule fought by insurers

New York state’s pending cybersecurity regulations for insurers and other financial companies will take shape a little more slowly than expected, with an approaching deadline pushed back to March 1.

Ted Bunker, 22 December 2016
Fema's new $4bn cat treaty prices

The US Federal Emergency Management Agency (Fema) is set to pay more than $150mn of premium for its new catastrophe reinsurance programme covering the National Flood Insurance Program (NFIP) for 2017, The Insurance Insider can reveal.

Adam McNestrie, 22 December 2016
At least 170 staff gone in CNA cull

CNA has let go at least 170 staff since August as the US insurer becomes the latest in the sector to roll out a wide-ranging efficiency programme, ‎The Insurance Insider has learned.

Dan Ascher, 22 December 2016
New Pro owner to support further growth: CEO

The chief executive of Pro Global, which has agreed to sell its services company to a private equity house, said the new owner plans to invest in further growth.

Dan Ascher, 22 December 2016
Collins gets January start date as Miller CEO

Greg Collins will take over from Graham Clarke as CEO of Miller from 1 January, the broker announced today.

Charlie Thomas, 22 December 2016
Moody’s puts Allied World on credit watch

Moody's Investors Service has become the latest ratings agency to put Allied World under review for a potential downgrade following the group's agreement to sell itself to Canada's Fairfax Financial for $4.85bn.

Laura Board, 22 December 2016

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