Zurich
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The repurchase formed part of a $1bn package of "anti-dilution" measures announced in February.
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Benjamin will become the head of management solutions at Zurich North America.
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The energy veteran will run a new venture on Fidelis's Pine Walk Capital platform.
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Lobbying by the ABI, Biba and MIB bears fruit as the UK government opts to remain in the motor "free circulation zone".
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The Zurich NA executive agrees with the view that dedicated coverage towers must be built.
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Carriers ordered to pay $40mn for Verizon's defence costs from a 2006 spin-off related securities claim.
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Zurich reports a slight drop in GWP as it scales back its lines in North America.
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The Swiss carrier hires senior managers and establishes a new SME underwriting centre in Leeds.
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Zurich has reported a ratio of 216 percent for a solvency test set by the Swiss Financial Market Supervisory Authority.
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The legacy sector has seen surging deal volumes of late, but the major inflows of capital into the space look set to choke off returns, with the live market’s depressed returns a cautionary tale for run-off acquirers.
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Zurich has appointed KPMG to advise on the long-awaited disposal of its £1.6bn legacy UK employers’ liability book, The Insurance Insider can reveal.