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First Citizens to buy Silicon Valley Bank for up to $500mn
In addition to the loss-share transaction, First Citizens has agreed with the US regulator to share losses to provide future protection against potential credit losses.
Aisling Finn
,
27 March 2023
Brazaline sues collection of 11 insurers in latest High Court battle
The Lloyd’s syndicates named in the trial include Tokio Marine Kiln’s Syndicate 510 and Syndicate 1880, Liberty Managing Agency, MS Amlin and Munich Re.
Aisling Finn
,
27 March 2023
Tysers takes Primassure’s Moore and looks to grow in energy
The broker focused on African, North Sea and Latin American business at Primassure and has 30 years’ experience.
Samuel Casey
,
27 March 2023
Acrisure Re appoints Ed Broking’s D’Arcy as facultative reinsurance EVP
Jennifer D’Arcy will be responsible for building out the carrier’s fac strategy for North America from London.
Abbie Day
,
27 March 2023
AnaCap sells minority stake in MRH Trowe to TA Associates
The private equity house first made a significant investment in MRHT in early 2021.
Samuel Casey
,
27 March 2023
Convex backs aviation MGA Skyrisks
The business has hired former AGCS aviation underwriter Alistair Blundy as CEO.
Rachel Dalton
,
27 March 2023
MS Amlin hires Guy Carpenter’s Turner as head of risk analytics
Jessica Turner will report to Martin Burke, director of underwriting performance.
Abbie Day
,
27 March 2023
AM Best maintains stable outlook for London market
The outlook is based on a strong pricing environment and higher interest rates, but the ratings agency warns of changing climate trends, and social and economic inflation.
Abbie Day
,
27 March 2023
Lloyd’s results recap: Ian impact, contextualising rate changes and claims trends
Last week’s headline results were in line with preliminary figures, but here are three Lloyd’s stories you may have missed.
Fiona Robertson
,
27 March 2023
Fitch revises SiriusPoint rating outlook to stable from negative
The revision reflects SiriusPoint’s improved underwriting performance under a revamped management team.
Abbie Day
,
24 March 2023
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