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Insurance
AXIS Capital is to acquire Lloyd's insurer Novae Group for £468 million ($604 million) in an all-cash deal based on paying 700 pence per Novae share. The transaction is expected to close in the fourth quarter of 2017. 6 July 2017
Insurance
The Lloyd’s Market Association (LMA) said on July 6 that it has received backing and funding support for a satellite imagery and intelligence service for all Lloyd’s managing agents. 6 July 2017
News
Reinsurance, wholesale and specialty broker Ed has appointment Jonathan Tilman as chief actuary. 6 July 2017
Insurance
Cost cuts have offset low interest rates and declining premium volumes on legacy portfolios, stabilizing profitability of Dutch life insurers, according to Fitch Ratings. 6 July 2017
Insurance
Re/insurer QBE has appointed Constanza Gállegos as head of distribution for Continental Europe. 6 July 2017
Insurance
The Federation of European Risk Management Associations (FERMA) has elected new members to its board and confirmed Jo Willaert as president for an additional two-year term. 6 July 2017
Insurance
Willis Re, the reinsurance business of broker Willis Towers Watson, has revealed that James Kent will succeed John Cavanagh as its global CEO. 6 July 2017
Insurance
Marsh & McLennan Companies has appointment John Doyle as new chief executive officer of Marsh, succeeding Peter Zaffino who has joined AIG as global chief operating officer. 6 July 2017
Insurance
American International Group (AIG) has appointed Peter Zaffino as executive vice president, global chief operating officer. 6 July 2017
News
Munich Re US Life has promoted Michael Taht to executive vice president of research, analytics and underwriting, and Marc-André Giguère to executive vice president, reinsurance. 6 July 2017
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