The board of Bermuda-based Validus has authorised the repurchasing of $750 million of shares and increased its quarterly common share dividend to $0.32 from $0.30.
RenaissanceRe’s profits dropped in 2014 as the business also shrank slightly, largely due to it writing a lower volume of catastrophe business.
CNA Hardy has appointed Carl Day to lead its energy, marine and aviation book of business.
Arthur J Gallagher (AJG) has acquired specialist insurance broker Aequus Trade Credit.
The former co-chief executive officer (CEO) of Ariel, a subsidiary of Global Atlantic Financial, has joined Lancashire as a non-executive director.
Mark Mugge, the chief financial officer (CFO) of broker Arthur J Gallagher (AJG) International, has resigned.
The Indian government is set to form a nuclear insurance pool, which will be administered by GIC Re.
A budget cut of around €1.7 million is set to affect the delivery of European Insurance and Occupational Pensions Authority’s (EIOPA) main tasks, after a review of revenue and expenditure.
CBPE Capital has acquired a majority stake in independent re/insurance legacy specialist Compre from Milestone Capital Partners.
Specialist Lloyd’s insurer Novae Group has appointed Robert Patten as head of its casualty division and a member of the executive committee.