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XL Catlin targets $1bn of retro from cat bonds

XL Catlin is seeking to raise up to $1bn of retrocession cover from new cat bond issuances, sister publication Trading Risk reported this morning

Fiona Robertson, 09 December 2016
IAG to cut costs by 10%

IAG will cut 10 percent of its cost base by the end of the 2019 fiscal year, the company told investors yesterday

Laura Board, 09 December 2016
Allianz and Integro launch motorsports cover

Allianz Global Corporate & Specialty (AGCS) and Integro have launched a package product aimed at the UK motorsport industry.

Matthew Neill, 09 December 2016
Towergate takes another property underwriter

The expansive managing general agency (MGA) arm of UK broker Towergate has hired Clodagh Mitchell from Axis, The Insurance Insider can reveal

Dan Ascher, 09 December 2016
Apollo’s Athene prices IPO to raise $1.08bn

Apollo-backed Athene Holding has priced shares in its New York initial public offering (IPO) in the middle of a previously announced range to raise $1.08bn for its selling shareholders

Matthew Neill, 09 December 2016
Specialty Program buys Michigan’s Global Marine

Hub International's Specialty Program Group (SPG) has acquired Global Marine Insurance Agency.

Ted Bunker, 09 December 2016
Berkley taps Kallo to replace McAuliffe as E&S head

Specialty carrier WR Berkley named Miklos Kallo as president of its Berkley Regional Specialty unit, succeeding Paul McAuliffe, who is set to retire at year-end.

Ted Bunker, 09 December 2016
National General will piggyback on Nationwide network

National General has struck an agreement with Nationwide that will extend the specialty P&C carrier's reach across the US for its non-standard auto policies.

Ted Bunker, 09 December 2016
Near-term Talcott sale unlikely for The Hartford: Barclays

The Hartford appears to be steering investors away from expectations that its Talcott Resolution unit is about to be sold.

David Bull, 08 December 2016
AIG leads $12mn Pakistan aviation loss

AIG is the lead insurer for the Pakistan International Airlines (PIA) craft that crashed during an internal flight yesterday, The Insurance Insider has learned

Matthew Neill, 08 December 2016

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