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Insurance
Activist investor Carl Icahn filed a lawsuit against AmTrust Financial Services and the family that controls the company, accusing them of trying to take the insurer private at the wrong time and at the wrong price, according to a Reuters May 21 report. 22 May 2018
Insurance
Bermuda-based Ascot Group, through its subsidiary Ascot US Holding Corporation, has acquired Greyhawk Insurance Company and its subsidiary Greyhawk Specialty Insurance Company. 22 May 2018
Insurance
Dallas-based startup digital life insurance distribution company Bestow has secured $15 million in a Series A funding round led by Valar Ventures, bringing its total financing to more than $18 million. 22 May 2018
Insurance
AmTrust Financial Services CEO Barry Zyskind continues to expect the transaction to turn the specialty property/casualty insurer into a privately held company to occur in the second half of 2018 despite the recent intervention by billionaire investor Carl Icahn. 21 May 2018
Insurance
Chubb was the top US cyber insurer in 2017, rising past American International Group (AIG) and XL Catlin, according to AM Best. 21 May 2018
Insurance
Crawford & Company (Canada), a provider of claims management solutions, has appointed Sandra Harbans to its Lloyd’s unit as director of operations. Harbans has previously worked for SCOR and Northbridge. 21 May 2018
Insurance
The US cyber market grew significantly in 2017 with direct premiums written by US property/casualty (P&C) insurers (excluding non-US and alien surplus lines insurers) rising nearly 32 percent year over year to $1.8 billion, according to AM Best. 21 May 2018
Insurance
Billionaire investor Carl Icahn disclosed a 9.38 percent stake in insurer AmTrust Financial Services and said in a letter to the insurer’s board that he strongly opposed the going-private deal. 18 May 2018
Insurance
The American Council of Life Insurers (ACLI) has appointed Susan Neely as president and CEO, succeeding Dirk Kempthorne, who has stepped down after eight years at the helm of the ACLI. 18 May 2018
Insurance
US personal lines insurer Allstate Corporation estimated catastrophe losses for the month of April 2018 of $211 million before taxes. 17 May 2018
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