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Fema makes first reinsurance deal
The US Federal Emergency Management Agency (Fema) has agreed to buy a small amount of reinsurance as it prepares to set up a larger risk transfer programme in 2017
Winifred Okocha
,
22 September 2016
Madison Dearborn targets Towergate buy-in
Private equity house Madison Dearborn has issued a tender offer for shares in UK broking group Towergate, effectively targeting the roughly 25 percent of the business not currently owned by its three cornerstone backers.
Adam McNestrie
,
22 September 2016
Fosun insurance profits drop 43% in H1
Chinese conglomerate Fosun has reported a 43.5 percent fall in profits from its insurance ventures to 1.01bn yuan ($150mn) for the first half of the year.
Matthew Neill
,
22 September 2016
Blenheim syndicate approval confirmed
Asta has announced that it has received in-principle approval from the Lloyd's Franchise Board to establish and manage Blenheim Syndicate 5886, confirming a story published by The Insurance Insider yesterday.
Winifred Okocha
,
22 September 2016
Gray joins Advent as D&F property consultant
Lloyd's carrier Advent has appointed well-regarded market veteran Jonathan Gray as a consultant in its property direct and facultative (D&F) division
Matthew Neill
,
22 September 2016
Barbican hires finpro underwriter
Private equity-backed Lloyd's carrier Barbican has appointed Adam Wickens as class underwriter for financial and professional lines
Matthew Neill
,
22 September 2016
Beazley and Hiscox lead total value creation
Successful long-term investors stock picking in an increasingly challenged P&C (re)insurance sector typically look beyond potentially volatile quarterly earnings to carriers' total value creation
Iulia Ciutina
,
22 September 2016
Soft market conditions fuel increased reinsurance spend
Primary carriers have increased their appetite for reinsurance given the accommodating market conditions, as the year-end 2015 and H1 2016 results highlighted cedants' preference for reinsurance over other forms of capital
Iulia Ciutina
,
22 September 2016
John Lloyd joins Ascot board
Lloyd's carrier Ascot has added former JLT Specialty CEO John Lloyd to its board as an independent non-executive director.
Matthew Neill
,
22 September 2016
LMG confirms MS Amlin’s Beazley as CEO
The London Market Group (LMG) has appointed Chris Beazley to replace Ben Reid as CEO, it said in a statement today
Winifred Okocha
,
22 September 2016
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