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BMS receives $50mn investment from Capital Z
Independent broker and managing general agent BMS today (21 May) said it had agreed to sell a minority shareholding to US buyout firm Capital Z for $50.7mn, giving it capital to finance its growth plans
21 May 2014
Endurance chief operating officer departs
Endurance chief operating officer Catherine Kalaydjian has left the Bermudian carrier after more than a decade, The Insurance Insider has learned.
21 May 2014
Softening pressures spread to US umbrella and excess liability market: Marsh
Softening pressures are spreading to the umbrella and excess liability segments of the US casualty market, according to broker Marsh.
21 May 2014
Bermuda premier quits
The premier of Bermuda has resigned amid allegations that he accepted favours from a US property developer who wanted to develop a hotel on the island
20 May 2014
Al Gore backs Geneva Association on climate risk
Former US vice president Al Gore has given his support to industry think-tank the Geneva Association and its stance on the role of insurance in tackling climate-related risks
20 May 2014
New entrants add more than $200mn of energy capacity
New upstream energy market entrants including Endurance and Barents Re have added more than $200mn to theoretical capacity per risk as the market's appetite for business has ballooned
20 May 2014
Munich Re: Economic recovery to boost 2014 premium growth
Economic recovery in many developed countries is expected to trigger global premium growth of 2.8 percent this year, up from 2.1 percent in 2013, according to a report published today (20 May) by global reinsurer Munich Re
20 May 2014
S&P upgrades Ace to AA
Standard & Poor's (S&P) has rewarded Ace Ltd's "superior" operating performance and "strong" balance sheet by upgrading its core operating subsidiaries from AA- to AA.
20 May 2014
Talbot US adds marine and energy specialists from Tower
Talbot Underwriting has added to its US platform with the hiring of Tom Guarnera as vice president of marine and energy underwriting.
20 May 2014
AJ Gallagher to pay $388mn for Canadian broker Noraxis
Arthur J Gallagher (AJG) has announced a second major international acquisition in little more than a month with an agreement to buy a majority stake in Canadian broker Noraxis Capital Corporation for C$422mn ($388mn).
20 May 2014
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