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Assured Guaranty to acquire asset management firm BlueMountain for $160m
Insurance
Bermuda-based Assured Guaranty has entered into an agreement to purchase all of the outstanding equity interests in BlueMountain Capital Management and its associated entities for approximately $160 million.   8 August 2019
California wildfire property reconstruction may cost $8.6bn
Insurance
Within the perimeters of the Camp Fire in Northern California and the Woolsey Fire in Southern California 23,044 homes with a total reconstruction cost value (RCV) of approximately $8.6 billion are at high or extreme risk of wildfire damage, according to CoreLogic estimates.   19 November 2018
Chaucer takeover by China Re receives approval
Insurance
The European Commission has approved the acquisition of Chaucer by China Reinsurance Group Corporation on December 18.   19 December 2018
Insurance
Swiss Re Corporate Solutions, the commercial insurance arm of Swiss Re Group, has launched an innovative risk management product that combines insurance with cyber attack protection services.   5 February 2019
Insurance
Broker Gallagher has strengthened its UK construction division within the speciality business with the appointment of Julie Scott.   9 August 2018
Insurance
Swiss Re is reportedly close to sealing a deal which will see Japanese conglomerate SoftBank acquiring a 25 percent stake in the reinsurer, according to a March 28 Bloomberg News report citing "people familiar with the matter".   29 March 2018
Insurance
The total estimated insured losses from hurricane Michael have reached $5.02 billion, according to the Florida Office of Insurance Regulation.   16 January 2019
Insurance
Specialty re/insurer Brit has hired Beazley's Jeff Norton as senior vice president, cyber & technology for Brit Global Specialty USA (BGSU).   8 November 2018
Insurance
Re/insurance broker Aon has entered into a commercial partnership with insurtech start-up CoverWallet, an online platform helping small businesses to understand, buy and manage insurance, in Australia.   31 May 2019
Insurance
US investor Calamos Family Partners (CFP) filed a lawsuit in the US against Dutch EXIN Financial Services Holdings for defaulting on loans, according to an emailed statement, putting in doubt the planned acquisition of National Bank of Greece’s insurance unit, according to a Feb. 7 Reuters report.   7 February 2018

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