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Insurance
Specialist insurer Beazley has appointed an experienced marine underwriter to help grow its newly-launched US platform. 4 January 2018
Insurance
US personal lines insurer Allstate has made three senior leadership promotions ahead of its president Matt Winter retiring in late February after eight years at the company and a 25-year career in insurance. 4 January 2018
Insurance
Ryan Specialty Group is to acquire the assets and operations of Kerwick & Curran (K&C), a wholesale insurance brokerage. 4 January 2018
Insurance
Actuarial firm Milliman has released a new software platform, which it describes as the next generation of advanced analytics software for loss reserving for the insurance and reinsurance industry. 4 January 2018
Insurance
Sompo International's US insurance platform has reached an agreement to purchase the operating subsidiaries of Lexon Surety Group. 4 January 2018
Insurance
Armour, a P&C run-off insurance business, has raised some $500 million in equity commitments in partnership with an investor group led by Aquiline Capital Partners, a New York-based private equity firm. It will form a new reinsurer with the money. 4 January 2018
Insurance
AM Best is revising its outlook on the commercial lines segment of the US property/casualty industry to stable from negative for 2018, citing an embedded change in the sophistication of the segment’s pricing and underwriting infrastructure and the segment’s resilience amid a variety of macroeconomic and insurance market issues in recent years. 4 January 2018
Insurance
Maidstone Insurance Company, a New York-domiciled, personal lines insurer with 23 state licenses, has been acquired by Special Diversified Opportunities, a publically traded diversified holding company that acquires companies in various industries. 4 January 2018
Insurance
US insurers will need to be nimble if they are to maximise the potential benefits – and overcome potential pitfalls – stemming from US tax reforms, according to S&P Global Ratings, in a new report called ‘US Tax Reform: A Mixed Bag Of Goods For Life, Health, and P/C Re/Insurers.’ 2 January 2018
Insurance
Pioneer Underwriters has launched a new ocean marine underwriting capability with the appointment of Zach McAbee as head of the new unit. 2 January 2018
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