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Nationale Borg on the brink of sale

Amsterdam-based specialist credit and surety (re)insurer Nationale Borg is close to a sale expected to value the business at upwards of EUR140mn, The Insurance Insider can reveal.

Adam McNestrie, 04 August 2015
Suncorp confirms Yasi quid pro quo

Suncorp has confirmed that it rewarded reinsurers willing to pay around A$100mn of Cyclone Yasi claims on an ex gratia basis with a preferential share of business at its recent reinsurance renewal.

Himal Patel, 04 August 2015
Liberty Specialty to pay out on Foo Fighters contingency policy

Liberty Specialty will face a contingency claim after the Foo Fighters cancelled a number of gigs on their UK tour, The Insurance Insider understands.

Catrin Shi, 04 August 2015
Banking on insurance

As the callow children stood on stage to bid farewell to the institution that had nurtured them since infancy, they held aloft hand-written signs adorned with their future aspirations.

Peter Hastie, 04 August 2015
Arch interest in Axis acquisition cools

Best-in-class Bermudian insurer Arch will not make a bid for Axis following the carrier's failure to close its agreed acquisition of PartnerRe, The Insurance Insider can reveal.

Adam McNestrie, 04 August 2015
AM Best downgrades PartnerRe to A on Exor deal

Ratings agency AM Best has downgraded its financial strength rating of PartnerRe in the wake of news that the reinsurer is set to be acquired in a $6.9bn deal with Italian investment house Exor.

Dan Ascher, 04 August 2015
Nephila building peak zone MGA platform

Nephila is building its own managing general agency (MGA) platform as it looks to provide capacity to take on peak zone accumulations of insurance risk from nationwide carriers and distributors, The Insurance Insider can reveal.

David Bull, 04 August 2015
Allstate shares drop 11% on auto woes

Shares in Allstate dropped by more than 10 percent in New York this morning (4 August) as jittery investors reacted to disappointing results for the second quarter driven by increased frequency and severity in auto claims.

Himal Patel, 04 August 2015
Apollo gets full approval for managing agency

Apollo has been given full approval for its Lloyd's managing agency as of 1 August, according to a statement on the company's website.

Catrin Shi, 04 August 2015
Double digit top line growth continues at AmTrust

AmTrust once again booked double-digit top line growth as second quarter operating earnings rose by 22 percent.

Himal Patel, 04 August 2015

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