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Insurance
S&P cuts Allied World post acquisition by Fairfax
S&P Global Ratings has lowered the ratings on Switzerland-based Allied World which has been acquired by Canada-based Fairfax.   11 July 2017
Insurance
RSG hires ex-AIG to head new LatAm MGU
US-based Ryan Specialty Group (RSG) has formed its first specialty financial lines managing general underwriter (MGU) focused on Latin America, and has hired Pascal Alvarez and David Gonzalez to lead the operation.   11 July 2017
Insurance
Everest makes senior hire to expand excess casualty offering in energy
Everest Insurance, a subsidiary of Bermuda-based Everest Re Group, has hired Andreas Graham to join its excess casualty team and lead the expansion of energy portfolio and capabilities.   11 July 2017
Insurance
TigerRisk joins R3 and ACORD blockchain/DLT venture
TigerRisk Partners, the reinsurance broking and risk/capital management firm, has joined R3 and the Association for Cooperative Operations Research and Development's (ACORD) distributed ledger (DLT)/ blockchain technology platform.   11 July 2017
Insurance
AXIS Capital outlook revised to negative post Novae acquisition
S&P Global Ratings has revised the outlook for Bermuda-based AXIS Capital Holdings to negative from stable, reflecting its concerns that AXIS' capital redundancy will significantly diminish after the deal acquisition of Novae Group.   10 July 2017
Insurance
XL Catlin poaches AIG executive to head global programmes
XL Catlin has appointed Sonja Ochsenkuehn as head of global insurance programmes. She will be based in New York.   10 July 2017
News
Brazil’s reinsurer IRB on track for $600m IPO
Brazil’s major reinsurer IRB Brasil Resseguros has filed for an initial public offering in the São Paulo Stock Exchange.   10 July 2017
Insurance
US Risk Insurance Group acquires IMS London American
Texas-based US Risk Insurance Group, a specialty lines underwriting manager and property/casualty wholesale broker, has acquired IMS London American Brokerage and Underwriting Services.   10 July 2017
Insurance
AmTrust completes $400m retroactive reinsurance deal with Premia
AmTrust Financial Services has entered into an agreement for a loss development cover with Premia Reinsurance, a subsidiary of Premia Holdings, the Bermuda start-up whose majority shareholders are Arch Capital Group and private equity firm Kelso & Company.   7 July 2017
Insurance
Munich Re-backed insurtech Trov gets approval from regulators in 23 US states
California-based insurtech start-up Trov said on July 5 that it received approval for its on-demand insurance services from regulators in 23 US states.   7 July 2017

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