American International Group (AIG) is taking over Validus in order to diversify the business into reinsurance and to add a Lloyd’s syndicate, management suggested in a Jan. 22 conference call discussing the deal.
American International Group (AIG) has entered into a definitive agreement to acquire all outstanding common shares of Bermuda-based Validus Holdings.
Specialty re/insurer Canopius has hired Victoria Phillips as an energy underwriter from Marsh, based in Singapore.
Specialty re/insurer MS Amlin has confirmed that its group general counsel, Bob Robinson, will be leaving the company later this year after eleven years in the role.
Boston-based Liberty Mutual Insurance is reorganising its property/casualty (P&C) while appointing a new chief financial officer and selling its life business for $3.3 billion.
Loss estimates for the HIM Hurricanes (Harvey, Irma & Maria) are beginning to rise, according to investment firm Jefferies.
UK insurance intermediary Ardonagh Group has sold its remaining stake in the Broker Network business to Nevada Investment Holdings in exchange for a cash consideration of up to £30 million.
QBE Insurance has hired Allianz executive Aaron Gavin as head of SME (small and medium enterprises) for its Australian and New Zealand operations.
Protective Life Corporation, a wholly owned US subsidiary of Dai-ichi Life Holdings, agreed with Lincoln Financial Group to acquire via reinsurance the individual life and annuity business of Liberty Life Assurance Company of Boston.
Industrial lines insurer HDI Global has hired a KPMG executive as its new chief financial officer and a member of its management board.