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Insurance
BGC Partners Inchas will acquire 100 percent of Besso in a deal that values the broker at approximately £70.5 million subject to various adjustments. 4 January 2017
Insurance
The US subsidiary of broker Jardine Lloyd Thompson Group (JLT) has appointed Paul Cohen as senior vice president to build its global fine art, jewellery and specie practice, based in Orange County, California. 4 January 2017
Insurance
The Hartford has completed a $1.5 billion excess-of-loss reinsurance deal with National Indemnity Company (NICO), a subsidiary of Berkshire Hathaway, which covers its asbestos and environmental liability exposures. 4 January 2017
Alternative Risk Transfer
RIMS, the risk management society of the US, today has appointed Nowell Seaman as president for the 2017 term. 4 January 2017
Insurance
Bermuda-based Arch Capital Group (ACGL) has completed the acquisition of United Guaranty Corporation (UGC) from American International Group (AIG), further expanding its footprint in the mortgage insurance market. 4 January 2017
Insurance
JLT Re has acquired Florida-based Risk & Re-Insurance Solutions (RRiSC), a reinsurance intermediary specialising in casualty treaty business, in a deal that expands its treaty business in the Latin American region. 4 January 2017
News
Five global reinsurers have secured a final licence from the Insurance Regulatory and Development Authority of India (IRDAI) to commence business operations in India. 3 January 2017
Insurance
Re/insurer XL Group has appointed Abbe Goldstein to succeed David Radulski as director of investor relations, following Radulski’s retirement in March. 3 January 2017
Insurance
Michael Consedine, the former Pennsylvania Insurance Commissioner, has been named chief executive of the National Association of Insurance Commissioners (NAIC), effective in early 2017. 3 January 2017
Insurance
Traditionally slow at deploying technology, insurers and reinsurers are quickly realising that they need to respond to technological advances and innovate in order to remain relevant to clients, but not all are likely to succeed. 2 January 2017
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