Billionaire investor Carl Icahn disclosed a 9.38 percent stake in insurer AmTrust Financial Services and said in a letter to the insurer’s board that he strongly opposed the going-private deal.
AIG Europe reported a pre-tax loss of £431.5 million for 2017 (ending Nov. 30, 2017) after a negative £171.1 million in the 2016 financial year.
Lloyd’s brokers SSL Insurance Group and Endeavour Insurance Services have entered into an agreement to merge the businesses.
Sompo Holdings expects consolidated ordinary profit to double in the full year 2018 (ending March 31, 2019) based on the impact of hurricanes in North America and large losses.
Aviva's most recent bulk annuity transaction with retailer Marks and Spencer (M&S) is more than 50 percent larger than any of Aviva's previous bulk transactions, according to Jefferies analysts.
Re/insurance broker Aon has appointed John English as CEO for its Aon Captive & Insurance Management business.
The American Council of Life Insurers (ACLI) has appointed Susan Neely as president and CEO, succeeding Dirk Kempthorne, who has stepped down after eight years at the helm of the ACLI.
US personal lines insurer Allstate Corporation estimated catastrophe losses for the month of April 2018 of $211 million before taxes.
Japan-based Toa Reinsurance Company (Toa Re) has hired the former chief executive of Amlin Europe to spearhead a new European reinsurance venture.
Three experienced ILS executives including one of the founders of Hiscox-owned Kiskadee Investment Managers and a former managing director of RenRe-owned DaVinci Reinsurance have formed a new hedge fund-backed ILS venture, according to a May 16 Reuters report.