US insurance broking group Acrisure is to acquire reinsurance intermediary Beach & Associates. It will buy-out private equity firm Aquiline Capital Partners as part of the deal.
Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) has appointed Lars Vissing as regional unit London (RUL) head of claims, starting in February 2018.
Hyperion Insurance Group's underwriting arm DUAL has appointed Justin Ansell as head of mergers & acquisitions, UK. He most recently as served as head of M&A insurance at Zurich Insurance in London.
Insurer Chubb has made two key appointments to its accident & health senior leadership team in Continental Europe and the UK&I.
The family that originally helped found AmTrust Financial Services has partnered with private equity funds managed by Stone Point Capital to propose taking the troubled insurer private in a deal worth around $1.4 billion.
A wide swath of rating movements for North American property/casualty (P/C) insurers due to capital pressure is unlikely, S&P Global Ratings has surmised having completed a stress test on the sector.
JLT Specialty, a subsidiary of Jardine Lloyd Thompson Group (JLT), has appointed Lucy Clarke as chief executive (CEO) of the group’s worldwide insurance broking activities. She was previously CEO of its marine and energy businesses.
AM Best is maintaining its 2018 outlook for the US property/casualty reinsurance sector at negative, citing the pronounced pressure on US property catastrophe rates as the alternative capital market presence in the property catastrophe space continues to grow.
Blackstone Insurance Solutions, a new business launched by private equity group Blackstone, has hired the former president of New York Life’s Investments Group as its chief executive.
Specialist insurer Hiscox has appointed Eric Micheals as chief underwriting officer in the US. He replaces Nicole Goodwin, who is retiring.