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RenRe to keep $2.7bn of $3bn acquired premium in Validus Re deal
The Bermudian reinsurer launched a public offering of 6,300,000 common shares and anticipates raising around $1.15bn to finance the transaction.
Jairo Ibarra
,
23 May 2023
Brown & Brown acquires Kentro, including subsidiaries
The transaction is expected to close in the fourth quarter, subject to regulatory approvals. Financial details were not disclosed.
Kyoung-son Song
,
22 May 2023
AIG agrees sale of Validus Re to RenRe for ~$3bn
The deal represents RenRe’s third Bermuda consolidation deal following Platinum and TMR.
Adam McNestrie
,
22 May 2023
Ex-Everest international head Diaz re-emerges at fac MGA BUA
Based in Miami, the executive joins BUA as partner, working alongside managing director and CUO Juan Calvache.
Jairo Ibarra
,
22 May 2023
Further blow to NZIA as Swiss Re announces withdrawal
The Swiss reinsurer follows Munich Re, Hannover Re and Zurich in withdrawing from the alliance.
Samuel Casey
,
22 May 2023
Insurers to take small percentage of billion-euro Italian flooding: Aon
The broker said there is a significant protection gap for flood coverage in the affected areas.
Samuel Casey
,
22 May 2023
Sompo International hires Swiss Re’s Ryan as CUO
The executive will report to CEO James Shea and is based in Florham Park, New Jersey, United States.
Kyoung-son Song
,
22 May 2023
Acrisure sets course for integrated, diversified model in major strategic shift
The company will operate under a single brand as it moves away from its prior reputation as broking’s arch decentralizer.
Adam McNestrie
,
22 May 2023
Aspen’s Morley to relocate to London as Chuan named new Singapore head
Aspen’s global head of casualty and head of international reinsurance Beatrice Morley is set to relocate to London as of 1 August.
Aisling Finn
,
22 May 2023
Consilium launches cyber, tech and fintech division, headed by Abbots
Tom Abbotts joins from Elmore Insurance Brokers, where he was one of the founders and led the cyber, technology and fintech team.
Abbie Day
,
22 May 2023
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