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ISS advises Aspen shareholders to snub Endurance

Bermuda, North America14-07-2014Insurance News

Advisory firms Institutional Shareholder Services (ISS) and Egan-Jones Proxy Services have bolstered Aspen’s defence by recommending shareholders reject Endurance’s proposals.

ISS view ignores merits of Aspen offer, says Endurance

Bermuda14-07-2014Insurance News

Endurance Specialty has said it is disappointed by the recommendations by a proxy advisory service made yesterday that recommended shareholders in Aspen Insurance reject Endurance’s proposals.

India ups foreign ownership cap

Asia Pacific11-07-2014Insurance News

The Indian government has proposed to raise the limit on foreign investment in the country’s insurance sector to 49 percent from 26 percent.

Liberty Mutual strengthens property unit

North America11-07-2014Insurance News

Liberty Mutual’s national accounts property unit has expanded its divisional structure and added five underwriters as it seeks to support its strategy of becoming a lead market for large, complex global property risks.

CNP agrees deal with Santander

Europe11-07-2014Insurance News

CNP Assurances has entered into an exclusive long-term distribution agreement with Santander Consumer Finance (Banco Santander Group) and has agreed to acquire a 51 percent stake in Santander Consumer Finance's life and non-life insurance subsidiaries.

HgCapital acquires Lloyd’s software provider

Europe11-07-2014Insurance News

HgCapital has acquired Sequel Business Solutions, a software and services provider to the Lloyd’s of London and broader London insurance market, in partnership with the Sequel management team led by managing director, Mario Garcia.

Infrassure chooses run-off as premiums shrink

Europe11-07-2014Insurance News

Privately owned Swiss insurer Infrassure has placed itself in run-off. In an announcement, it said it will cease to underwrite any new business.

AXA IM appoints structured finance head

Europe11-07-2014Insurance News

AXA Investment Managers (AXA IM) has appointed Deborah Shire as head of structured finance. Shire replaces Laurent Gueunier, who after 12 years at AXA IM, has left the company.

Brazil’s largest investment bank buys Ariel Re

Bermuda, Latin America11-07-2014Reinsurance News

Brazil’s largest investment bank has unveiled plans to boost its presence in the global reinsurance industry through the acquisition of Ariel Re, Global Atlantic’s Bermuda-based property/casualty reinsurance company.

Willis appoints construction leader for Middle East

MENA11-07-2014Insurance News

Broker Willis has appointed Keith Chapman as regional construction industry leader for the Middle East.

Showing 17641 to 17650 of 20110 results

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