Articles

Insurance

Marsh makes leadership changes after duo depart US property and FINPRO practices

Broker Marsh has made senior leadership appointments within its property and financial and professional liability (FINPRO) practices in the US and Canada.   4 September 2019

Insurance

Marsh property leader Duncan Ellis leaves to join AIG North America

American International Group (AIG) has appointed Duncan Ellis as head of retail property, North America general insurance.   4 September 2019

Insurance

Tesla to enter insurance market, promising to undercut rivals

Electric car maker Tesla has entered the insurance market, and some commentators have said it seems like a smart move.   4 September 2019

Insurance

Moody’s warns of 2020 ‘headwinds’ as it hails stable reinsurance sector outlook

Global reinsurance can expect to face market “headwinds” in 2020, despite strong capitalisation and rising pricing, credit ratings agency Moody’s has said.   4 September 2019

Insurance

Aspen recruits former Validus US CEO Jonathan Ritz as president

Bermuda-based Aspen Insurance Holdings has appointed Validus' Jonathan Ritz to the newly-created role of group president with immediate effect.   4 September 2019

Insurance

Fidelis taps Brit's Bob Clarkson to develop selective and profitable marine account

Bermuda-based Fidelis Insurance has hired Bob Clarkson to join its Fidelis Underwriting (FUL) London underwriting team as part of the group’s strategic initiative to further develop its focused offering of specialty insurance products.   4 September 2019

Insurance

Argo Surety increases single bond capacity to $100m; reshuffles key people

Provider of commercial, contract, and international surety bonds Argo Surety has unveiled an increased Treasury listing capacity that means it can consider single bonds up to $100 million.   27 August 2019

Insurance

Aspen swings to $37.3m loss in first half of 2019

Bermuda-based Aspen Insurance Holdings suffered a net loss of $37.3 million in the first half of 2019, dropping from a net income of $16.1 million it made in the same period last year.   16 August 2019

Insurance

GoldenTree's Star Insurance buys Syncora Guarantee for $392.5m

Bermuda-based Syncora Holdings has entered into an agreement to sell its New York financial guarantee insurance subsidiary to Star Insurance Holdings, a part of GoldenTree Asset Management, for $392.5 million in cash.   16 August 2019

Insurance

Canada's Intact to buy specialty insurer and MGA from Princeton Holdings for C$1bn

Canadian property and casualty insurer Intact Financial Corporation has entered into a definitive agreement with Princeton Holdings to acquire The Guarantee Company of North America, a specialty lines insurer in Canada and the US, and Frank Cowan Company, a managing general agent (MGA) focused on specialty insurance, for approximately C$1 billion ($750 million) in cash.   16 August 2019

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