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The family that originally helped found AmTrust Financial Services has partnered with private equity funds managed by Stone Point Capital to propose taking the troubled insurer private in a deal worth around $1.4 billion. 10 January 2018
Insurance
A wide swath of rating movements for North American property/casualty (P/C) insurers due to capital pressure is unlikely, S&P Global Ratings has surmised having completed a stress test on the sector. 10 January 2018
Insurance
AM Best is maintaining its 2018 outlook for the US property/casualty reinsurance sector at negative, citing the pronounced pressure on US property catastrophe rates as the alternative capital market presence in the property catastrophe space continues to grow. 10 January 2018
Insurance
Blackstone Insurance Solutions, a new business launched by private equity group Blackstone, has hired the former president of New York Life’s Investments Group as its chief executive. 10 January 2018
Insurance
Specialist insurer Hiscox has appointed Eric Micheals as chief underwriting officer in the US. He replaces Nicole Goodwin, who is retiring. 10 January 2018
Alternative Risk Transfer
Twelve Capital has completed a $35 million private catastrophe bond designed to cover second event risk across all natural perils in the US. 10 January 2018
Insurance
Assurant, a provider of risk management solutions, and The Warranty Group, a provider of protection plans and related programmes and a portfolio company of TPG Capital, have amended the structure of their $2.5 billion transaction, previously announced on October 18, 2017. 9 January 2018
Insurance
A number of US insurers have released estimates of what impact new US tax laws will have on their businesses with most anticipating immediate one-off charges but a longer-term positive effect on profits. 9 January 2018
Insurance
RGAx, the innovation and digital business unit of Reinsurance Group of America, will acquire Toronto-based LOGiQ3 Group, a company that provides technology, consulting, and outsourcing solutions to the North American life insurance and reinsurance industry. 9 January 2018
Insurance
Mphasis, an IT solutions provider specializing in cloud and cognitive services, has launched a series of blockchain-enabled solutions for insurance and financial services markets. 9 January 2018
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