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Deutsch joins Hamilton with M&A remit
Hamilton Insurance Group (HIG) has appointed industry veteran Bob Deutsch to the newly-created position of chief strategy officer.
19 June 2014
Allstate estimates $440mn cat losses for May
Allstate announced higher-than-expected estimated catastrophe losses for May 2014 of $440mn before tax or $286mn after tax, which included deterioration on loss picks for earlier events
19 June 2014
Quindell splits founder’s executive chairman role
Quindell, the London-listed insurance technology firm, today (19 June) said founder and chairman Rob Terry would give up his executive duties as part of a boardroom revamp following sharp falls in the company's share price.
19 June 2014
Charman urges Aspen shareholders to send message to board over bid
Endurance chairman and CEO John Charman has formally written to Aspen shareholders urging them to vote to force a special general meeting to increase the size of the company's board and to authorize support for the proposed scheme of arrangement by the would-be acquirer.
19 June 2014
Shepard changes tactics with bid to get Donegal board seats
Major Donegal Group (DGI) shareholder Gregory Shepard has launched a fresh attempt to ring the changes at the Nasdaq-listed US company and its affiliated mutual insurer with a proposed transaction to increase his stake and get board representation.
19 June 2014
Marsh to take majority stake in Panama broker Semusa
Broking giant Marsh has agreed a deal to buy a majority stake in Panama broker Semusa on undisclosed terms.
18 June 2014
XL launches dedicated cyber and tech unit
XL has launched a dedicated cyber and technology unit for the US and Canada in response to what it describes as rapidly growing demand for cover.
18 June 2014
Worshipful Company of Insurers launches women’s network
Former Hardy CEO Barbara Merry and Bronek Masojada, the CEO of Hiscox, launched the Independent Women in Insurance Network (Iwin) at an event at the prestigious Mansion House last night (17 June)
18 June 2014
Moody’s goes negative on reinsurers
Credit rating agency Moody's has lowered its outlook on the reinsurance sector from stable to negative, citing intense competition, steady encroachment from alternative capital providers and persistently low interest rates.
18 June 2014
UK motor set for heavy 2014 underwriting loss: EY
UK motor insurers will sink back into an underwriting loss this year after posting a rare profit in 2013, weighed down by rising claims and falling prices, EY said today (18 June).
18 June 2014
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