News
Insurance
Bermuda-based Aspen Insurance Holdings suffered a net loss of $37.3 million in the first half of 2019, dropping from a net income of $16.1 million it made in the same period last year. 16 August 2019
Insurance
Bermuda-based Syncora Holdings has entered into an agreement to sell its New York financial guarantee insurance subsidiary to Star Insurance Holdings, a part of GoldenTree Asset Management, for $392.5 million in cash. 16 August 2019
Insurance
Canadian property and casualty insurer Intact Financial Corporation has entered into a definitive agreement with Princeton Holdings to acquire The Guarantee Company of North America, a specialty lines insurer in Canada and the US, and Frank Cowan Company, a managing general agent (MGA) focused on specialty insurance, for approximately C$1 billion ($750 million) in cash. 16 August 2019
Insurance
Health insurer Aetna, part of US drugstore operator CVS Health, has entered into a four-year reinsurance arrangement with Vitality Re X as part of its long-term capital management strategy. 28 January 2019
Insurance
American International Group (AIG) has appointed Tata Group's Shane Fitzsimons to join the company as global head of shared services, a newly created role that establishes a single point of accountability for key operational and financial capabilities provided by businesses and functions across the organisation. 28 June 2019
Insurance
UK-based life insurer Rothesay Life has insured £520 million of defined benefit liabilities for the Cadbury Mondelēz Pension Fund. 12 August 2019
Insurance
The Managing General Agents’ Association (MGAA) has appointed Gary Humphreys, group underwriting director at Markerstudy Group, as a new board director at its annual general meeting. 20 February 2019
Insurance
Insurance company Lemonade is embroiled in a legal row with Germany’s Deutsche Telekom (DT) over the use of pink. 5 November 2019
Insurance
Bermuda-based AXIS Capital Holdings has hired Tony Jordan as its group chief actuary. He joins from Chubb. 3 May 2019
Insurance
Prudential Financial, through its business unit Prudential Retirement, has entered into a longevity reinsurance agreement covering UK retirees with life and pensions consolidator Phoenix Group. 5 August 2019
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