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Allied World enters $500mn investment agreement with Crescent Capital
Allied World Assurance Company has concluded a fourth deal in as many months as it continues to build out its Allied World Financial Services (AWFS) platform by entering an investment tie-up with Crescent Capital Group.
11 January 2013
Steve Matanle resigns from THB
Veteran senior broking executive Steve Matanle has resigned from THB, The Insurance Insider can reveal.
10 January 2013
Guy Carp advisory arm believes broking ties offer edge
Guy Carpenter's M&A advisory arm GC Securities will find a space in the crowded corporate advisory market for specialty insurance due to the advantages of being part of a leading reinsurance broker, claims unit head Des Potter
10 January 2013
Australian bushfire claims pass $60mn
The bushfires that have torn through Tasmania in the past week have caused losses of around A$49mn ($51.8mn), according to preliminary estimates from the Insurance Council of Australia (ICA).
10 January 2013
Validus powers up 2013 sidecar AlphaCat
AlphaCat Managers, the investment advisory arm for Bermudian reinsurer Validus, has raised an additional $404.4mn of third-party capital for investment in a new sidecar and, for the first time, insurance-linked securities (ILS)
10 January 2013
AIG will not join Greenberg lawsuit against US
American International Group (AIG) will not join a lawsuit against the US government filed by its former CEO Hank Greenberg that alleges the terms the US insurer's 2008 bailout were unfair.
10 January 2013
$550mn Peak Re saw ‘astonishing’ demand at 1.1
Asia Pacific reinsurance start-up Peak Re was met with "overwhelming demand" when the $550mn entity started underwriting ahead of the 1.1 renewals, its founders told The Insurance Insider.
09 January 2013
Pilkington to drive Ascot casualty entry
John Pilkington has reemerged at Ascot Underwriting to spearhead a new casualty book at the Lloyd's (re)insurer.
09 January 2013
Aviva completes Delta Lloyd exit
UK insurer Aviva has completed the sale of its remaining interest in Netherlands-based insurance company and bank Delta Lloyd as the firm continues to restructure its operations.
09 January 2013
Fitch: Sandy losses will be $20bn+
Rating agency Fitch has predicted that insured losses from Hurricane Sandy will cost the industry $20bn or more, based on the $16bn-$17bn loss estimates that have been reported by (re)insurance companies so far.
09 January 2013
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