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Insurance
Bermuda-based XL Group has said that it expects the UK’s Ogden rate change decision to cost the re/insurer around $75 million. 1 March 2017
Insurance
The insurance segment of Aspen Insurance Holdings, Aspen Insurance, has appointed Erik Armellino as international head of onshore energy and construction. 2 June 2016
Insurance
Re/insurer XL Catlin has appointed Karl Fischbach as head of binding authority and brokerage for its excess and surplus (E&S) insurance operation. 22 March 2017
Insurance
Bermuda-based Validus Holdings has completed the acquisition of Archer Daniels Midland (ADM) Company’s Crop Risk Services (CRS) business. 2 May 2017
Insurance
There is a real opportunity to improve reinsurance processes with the use of blockchain technology, which can deliver cost savings and efficiency gains of 30 percent by taking out unnecessary reconciliation, repetitive duplication of work and waiting times. 11 September 2017
Insurance
Dutch insurer Delta Lloyd expects to receive the regulatory approval for the company’s €2.5 billion takeover by its competitor NN Group in the second quarter of 2017 but warns on the risks of the deal. 22 March 2017
Insurance
The boards of CF Corporation and Fidelity & Guaranty Life (FGL) approved a definitive merger agreement under which CF Corp. will acquire FGL for a total of approximately $1.84 billion, plus the assumption of $405 million of existing debt. 25 May 2017
Insurance
Bermuda-based White Mountains Insurance Group has elected Manning Rountree as chief executive officer (CEO) with immediate effect, succeeding Ray Barrette, who is retiring from the company. 3 March 2017
News
Ariel Re, a subsidiary of Bermuda-based Argo Group, has launched the Xuber for Reinsurers platform across its Lloyd's and Bermuda businesses. 2 March 2017
Insurance
Specialty re/insurer Sompo International has launched a new middle market property insurance unit in the US, and appointed Patrick Mulhall to build and lead the new team. 23 May 2017
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