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AGCS names London product recall head
Allianz Global Corporate & Specialty (AGCS) has appointed Stewart Eaton as head of product recall in London with immediate effect.
Catrin Shi
,
16 August 2016
BHSI inks Australian medical indemnity deal
Berkshire Hathaway Specialty Insurance (BHSI) has signed an underwriting agreement with medical indemnity specialist Tego Insurance to write business in Australia.
Matthew Neill
,
16 August 2016
Beechwood Re distances itself from beleaguered hedge fund
CNO Financial Group reinsurance provider Beechwood Re has declared it has minimal exposure to Platinum Partners, a hedge fund under investigation by the US Securities and Exchange Commission and the Department of Justice.
Winifred Okocha
,
16 August 2016
Indian regulator proposes mandatory listing for carriers
The Insurance Regulatory and Development Authority of India (Irdai) has tabled the idea of mandatory listing for Indian insurance companies.
Winifred Okocha
,
16 August 2016
Louisiana disaster declared after record floods
Flooding in the US state of Louisiana has resulted in substantial property damage and six deaths, according to AIR.
Fiona Robertson
,
16 August 2016
Rate declines decelerate despite US woes: Marsh
Global rate reductions have moderated for the second consecutive quarter despite accelerated declines in the US market, according to big three broker Marsh.
Matthew Neill
,
16 August 2016
Arch’s United Guaranty deal is earnings accretive: analysts
Analysts have reacted positively to Arch's deal to acquire AIG's mortgage insurance business United Guaranty Corporation (UGC), claiming the $3.4bn transaction would be earnings accretive for the Bermudian carrier.
Catrin Shi
,
16 August 2016
White Mountains closes InsurTech start-up deal
Bermuda-based carrier White Mountains has agreed a £6mn ($7.8mn) super-seed funding round with UK insurance technology (InsurTech) start-up Buzzmove.
Matthew Neill
,
16 August 2016
Arch confirms $3.4bn takeover of AIG’s United Guaranty
Arch Capital has confirmed reports from earlier today that it has entered into a $3.4bn deal to acquire AIG’s mortgage insurance business United Guaranty Corporation (UGC).
Dan Ascher
,
16 August 2016
Arch to buy AIG mortgage unit for $3.4bn: reports
AIG is close to reaching a deal to sell its mortgage insurance arm United Guaranty Corporation (UGC) to Arch Capital, according to reports.
Adam McNestrie
,
15 August 2016
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