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  • The UK government is expected to outline a proposed change in law next month in a move that could increase the exposure of insurers providing directors' and officers' (D&O) cover.
  • A select band of senior Aspen underwriters are to benefit from retention bonuses as the firm shores up its defences against the hostile attentions of rival bidder Endurance, The Insurance Insider understands.
  • Hedge fund investor David Einhorn has cut his stake in Aspen by 90 percent as the future of the company continues to be called into question by the unwanted attentions of John Charman's Endurance.
  • Canopius Group has separated its existing marine and energy insurance unit into two separate divisions, the insurer said today (19 May).
  • Enstar-owned Lloyd's business Atrium has hired Andrew Hedges from Canopius, The Insurance Insider can reveal.
  • Troubled Nasdaq-listed insurer Tower Group has rejected an all-paper offer from little known Bulgarian carrier Euroins Insurance Group (EIG) that valued the business at a 50 percent premium to the current recommended bid.
  • Bermudian (re)insurer acts swiftly to replace the departing Andrew Carrier
  • Steve Cook is to stand down as CEO of top-quartile Lloyd's business Atrium seven months after it was acquired by diversifying legacy company Enstar
  • Specialist US cat writer ICAT has restructured its core reinsurance programme with a new single-shot layer and upsized its Louisiana carve-out cover, The Insurance Insider can reveal.
  • The New York Metropolitan Transportation Authority (MTA) has brought new capacity from Berkshire Hathaway, Nephila and other alternative markets onto its cat cover in a move that is expected to be replicated by other major municipal buyers of insurance.