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Universal receives Alabama licence
Expansive US homeowners' insurer Universal Insurance Holdings has received regulatory approval to write business in Alabama.
29 June 2016
Allied World hires North American D&O underwriter
Switzerland-domiciled (re)insurer Allied World has appointed Marc Berner to its North American public directors' and officers' (D&O) team, the company announced yesterday (28 June).
29 June 2016
Allianz reshuffles Corporate & Specialty leadership
Allianz's corporate insurer Allianz Global Corporate & Specialty (AGCS) has appointed its former head of marine and energy Paul O'Neill as chief underwriting officer, specialty from 1 October
29 June 2016
AIG and Ascot launch high net worth JV
American International Group (AIG)'s European arm has partnered with Ascot Underwriting to launch a joint venture to serve the UK high net worth insurance market.
29 June 2016
Istanbul Ataturk Airport attacked by suicide bombers
A gun and bomb attack on Istanbul's Ataturk international airport yesterday (28 June) has killed 36 people and injured more than 140 others, according to reports
29 June 2016
JLT hires Shumway in strategy role
JLT Re has appointed Mark Shumway as global head of strategic advisory, the company announced yesterday (28 June).
29 June 2016
Loeb reduces Third Point Re management fees
Third Point Re has renegotiated the terms of its agreement with its sponsor hedge fund Third Point LLC, reducing the fund's management fee by 50 basis points to 1.5 percent of the asset balance.
28 June 2016
Fosun to float Ironshore ‘as soon as possible’
Fosun will look to list Ironshore "as soon as possible" this year, according to the Chinese conglomerate's chairman Guo Guangchang.
28 June 2016
Big data an opportunity not a threat: ABI
Insurers must either embrace big data as an integral part of their business or face being overwhelmed and left behind by companies more willing to use information, according to Huw Evans, director general of UK trade body the ABI
28 June 2016
Sompo Canopius inks strategic deal with GNP
Sompo Canopius and Mexican insurer Grupo Nacional Provincial (GNP) have launched a strategic partnership that will see the Lloyd's carrier underwrite specialist Mexican business.
28 June 2016
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