Private equity firm JC Flowers said that it finalized the acquisition of UK General Insurance Group on May 24, following regulatory approval.
The boards of CF Corporation and Fidelity & Guaranty Life (FGL) approved a definitive merger agreement under which CF Corp. will acquire FGL for a total of approximately $1.84 billion, plus the assumption of $405 million of existing debt.
QBE Insurance Group has appointed Michael Ford as permanent group chief financial officer (CFO). He will be based in Sydney.
Re/insurer XL Catlin has promoted Rob McAdams to the position of chief underwriting officer for global marine.
KIRS Group, the holding company being created to combine Autonet, Chase Templeton, Direct Group, Price Forbes and Towergate, is launching a secured bond offering for an aggregate principal amount of £800 million, alongside committing to enter into a £90 million super senior revolving credit facility.
US-based insurer Liberty Mutual has appointed Jessica Dekermanji as senior vice president and chief underwriting officer of its national insurance specialty energy unit.
Dale Underwriting Partners, which is managed by Lloyd’s third-party managing agency Asta, has announce that its key capital provider ProAssurance Corporation has extended its commitment of $200 million of underwriting capital to Syndicate 1729, through to the 2022 year of account.
Netherlands-based insurance group Aegon has appointed Maurice Perkins as senior vice president, global head of government and policy affairs, to oversee all aspects of the company's government relations in Europe, the Americas and Asia.
Ironshore International’s mergers and acquisitions (M&A) and tax insurance unit has enhanced its consortium programmes.
While many of its rival reinsurers are seeking alternative growth opportunities through fee income relating to advisory services, technology or the use of alternative risk-transfer structures, Hannover Re’s chief executive officer Ulrich Wallin believes sufficiently profitable traditional risk transfer business will remain available for the foreseeable future.