Canopius Group, a leading specialist (re)insurance underwriting business, has acquired the 25 percent shareholding in Arista Insurance owned by Equity Insurance Group.
Third Point Reinsurance, the reinsurance company started by hedge-fund specialist Dan Loeb, has filed a registration with the US Securities and Exchange Commission for an Initial Public Offering (IPO). The proposed maximum offering price is $250 million.
Specialist insurer, Ecclesiastical, has appointed Ray Cox to its group management board as of August 1.
Argo International, the Lloyd’s insurer and member of Argo Group, has appointed Mike Jackson as head of compliance. He takes up his new role with immediate effect, subject to regulatory approval.
RGA Reinsurance Company has been granted a preparatory license by the China Insurance Regulatory Commission (CIRC) to operate a licensed life reinsurance branch in Shanghai, China. The company is likely to be operational within a year.
Global Special Risks, part of Ryan Specialty Group, has hired Steven England as president and chief executive.
French reinsurer SCOR has hired a former equity research analyst as its head of corporate strategy and corporate communications.
Lancashire Holdings has appointed James Flude as head of Energy & Marine for the company's UK operation, Lancashire Insurance Company.
Hiscox Re has made several senior appointments, which the reinsurer says will allow it to provide better underwriting decisions with bigger lines to key brokers and clients.
Capital from third-party investors drove reinsurance market rates on line (ROLs) down at the July 1 renewals, as pricing in the capital markets broke away from levels set by the traditional market for the first time.