Articles
Insurance
Kuvare Holdings, a private equity backed company in the US that invests in insurance companies, has completed its purchase of Guaranty Income Life Insurance Company (GILICO) and also established a new reinsurer, Kuvare Life Re (KLR). 10 October 2016
Insurance
The financial strength rating of Sompo Japan Nipponkoa following its planned acquisition of Endurance Specialty Holdings looks stable, according to both S&P Global Ratings and Fitch Ratings. 6 October 2016
News
With the pressures as they are on both underwriting and investment returns, the London Market must modernise or lose business, argues Richard Clark, head of business development at Xuber, a part of CSC. 6 October 2016
Insurance
A desire to access to the US market was a big driver behind Sompo’s acquisition of Bermuda-based Endurance Speciality and further deals could be in the pipeline as the Japanese insurer aims to become one of the ten biggest corporations globally. 5 October 2016
Insurance
John Charman, the chief executive of Endurance, has stated the company’s acquisition by Sompo Holdings represents a critical move for the company to achieve the scale it needs to remain relevant and also said he had previously signalled he wanted to partner with a strong Asian partner. 5 October 2016
Insurance
Sompo Holdings has confirmed that it has entered into a definitive agreement for the acquisition of 100 percent of the outstanding ordinary shares of Endurance Specialty Holdings, in a deal that could be finalised by March 2017. 5 October 2016
Insurance
Sompo Japan Nipponkoa Insurance is to acquire Bermuda-based Endurance Specialty Holdings in a deal potentially worth $6.5 billion, it is being reported in Japan. 4 October 2016
Insurance
Bermuda-based holding company Hamilton Insurance Group has appointed Seraina Maag as CEO of Hamilton USA. 4 October 2016
Insurance
Financial services provider Citi has completed the sale of Financial Reassurance Company 2010 (FRAC), a special-purpose financial insurance company, to a subsidiary of Munich Re. 26 September 2016
Insurance
Everest Insurance, a subsidiary of Everest Re Group, has appointed Maria Duffy as vice president and head of excess and surplus (E&S) casualty, based in New Jersey. 26 September 2016
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