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Reinsurance and Lloyd’s drive AIG to acquire Validus

Bermuda, North America22-01-2018Insurance news, Property cat, Reinsurance news, Specialty

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.

AIG to acquire Validus for $5.56bn

Bermuda, North America22-01-2018Alternative risk transfer news, Insurance news, Reinsurance news

American International Group (AIG) has entered into a definitive agreement to acquire all outstanding common shares of Bermuda-based Validus Holdings.

Canopius boosts energy practice with Marsh hire

Asia Pacific, Bermuda, London22-01-2018Insurance news, Reinsurance news

Specialty re/insurer Canopius has hired Victoria Phillips as an energy underwriter from Marsh, based in Singapore.

MS Amlin general counsel to depart after a decade

London, UK22-01-2018Insurance news, Reinsurance news

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.

Liberty reshuffles leadership, restructures P&C, sells $3.3bn life business

London, North America, UK22-01-2018Casualty, Insurance news, Reinsurance news

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.

HIM losses start to rise: Jefferies

Global, North America22-01-2018Insurance news, Property cat, Reinsurance news

Loss estimates for the HIM Hurricanes (Harvey, Irma & Maria) are beginning to rise, according to investment firm Jefferies.

Ardonagh sells stake in Broker Network for £30m

North America, UK22-01-2018Insurance news

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 poaches Allianz exec to head small business segment

Asia Pacific22-01-2018Insurance news, Reinsurance news

QBE Insurance has hired Allianz executive Aaron Gavin as head of SME (small and medium enterprises) for its Australian and New Zealand operations.

Protective in $1.7bn reinsurance deal

North America19-01-2018Insurance news, Reinsurance news

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.

HDI Global appoints chief financial officer from KPMG

Europe19-01-2018Insurance news, Reinsurance news

Industrial lines insurer HDI Global has hired a KPMG executive as its new chief financial officer and a member of its management board.

Showing 1 to 10 of 5270 results

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