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Ambac to acquire majority stake in Beat for $282mn
Ambac also announced it was selling its financial lines book to Oaktree for $420mn.
Aisling Finn
,
05 June 2024
SRG secures Accredited capacity for MGA MX
The arrangement sees MX’s capacity expand across the UK and Ireland.
Aisling Finn
,
05 June 2024
EQC Toka Tū Ake secures record $5.7bn of reinsurance
Totara Re, placed last year, provides part of the reinsurance protection.
Jai Singh
,
05 June 2024
Darag signs first outsourced service contract with Unipol
The deal will see Darag manage open claims relating to the runoff of Unipol Re.
Samuel Casey
,
05 June 2024
Alta Signa Europe opens Swiss office
The office will initially focus on D&O liability insurance, with plans to extend its offerings.
Abbie Day
,
05 June 2024
Fear mounts in D&O market around risk of ‘AI washing’
Underwriters fear that misleading statements about AI capabilities could result in claims.
Samuel Casey
,
05 June 2024
Former Ascot trio launches MGA Crux with terrorism capacity
The terrorism product, led by Chaucer, will offer an initial line size of $100mn.
Stephanie Denton
,
04 June 2024
Onboarding delays push back Blueprint Two testing phase
Initial testing ahead of the switch to a cloud-based system is around a month behind.
Stephanie Denton
,
04 June 2024
Aon appoints Reese to succeed Davies as CFO
The executive is currently CFO at Broadridge.
Rachel Dalton
,
04 June 2024
‘Buyer friendly’ UK cyber market sees double-digit rate drops: Marsh
Cyber insurance rates for UK clients dropped 12% on average, Marsh said.
Abbie Day
,
04 June 2024
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