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Aon confirms Willis Towers Watson buyout plans
Insurance
Aon confirms Willis Towers Watson buyout plans
Insurance broking giant Aon has confirmed that a takeover of its competitor and third largest insurance broker Willis Towers Watson is under consideration.   5 March 2019
Orchid Insurance secures Joe Zuk as managing director
Insurance
Orchid Insurance secures Joe Zuk as managing director
Orchid Insurance has hired Joe Zuk as managing director of it Corporate Development and Strategy team, a new role in the company.   5 March 2019
Tornadoes cause ‘significant damage’ and deaths in southeastern US
Insurance
Tornadoes cause ‘significant damage’ and deaths in southeastern US
A number of strong tornadoes have caused significant damage and deaths in parts of Alabama, Georgia, and Florida in the southeastern US.   5 March 2019
Insurance
Amynta Group appoints experienced QBE exec to VP MGA
Amynta Group, a group of warranty, managing general agent (MGA) and specialty risk companies, has appointed Bob James executive vice-president, Managing General Agencies.   5 March 2019
Insurance
Insurer Chubb ups stake in Huatai creating ‘first Sino-foreign equity joint venture’
US insurer Chubb has increased its stake in the Chinese Huatai Insurance Group creating the “first domestic Chinese financial services holding company to convert to a Sino-foreign equity joint venture”, the company said.   5 March 2019
Insurance
Chubb partners with Aon to build Manhattan terrorism risk model
Chubb has partnered with Aon's catastrophe model development center Impact Forecasting to develop a terrorism risk model for Manhattan in New York City and other densely populated areas.   4 March 2019
Insurance
Former AmTrust investor Krupa files complaint alleging antitrust violations
Krupa Global Investments (KGI), a Prague-based investment firm and formerly a significant shareholder of AmTrust Financial Services, has filed a complaint against Stone Point Capital and AmTrust before the European Commission Directorate-General for Competition.   1 March 2019
Alternative Risk Transfer
Markel CatCo board recommends run-off as future in question
The future of Markel CatCo looked less certain today as the company’s board said it would “recommend an orderly run-off” of the firm's portfolios.   1 March 2019
Insurance
TigerRisk recruits JLT Re's Florida market reinsurance expert David Unsworth
Reinsurance broking and risk/capital management firm TigerRisk Partners has hired a Florida market reinsurance veteran from Jardine Lloyd Thompson Group (JLT).   1 March 2019
Insurance
Third Point Re swings to loss in 2018 due to 'challenging investment conditions'
Bermuda-based reinsurer Third Point Re posted a net loss for both the fourth quarter 2018 and the full year, driven by "poor investment performance combined with modest catastrophe losses", according to its CEO Rob Bredahl.   28 February 2019

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