News

Insurance

Assured Guaranty to acquire asset management firm BlueMountain for $160m

Bermuda-based Assured Guaranty has entered into an agreement to purchase all of the outstanding equity interests in BlueMountain Capital Management and its associated entities for approximately $160 million.   8 August 2019

Insurance

Third Point Re confirms Malloy as CEO; adds ex-AIG CFO to board

Bermuda-based Third Point Re has affirmed Daniel Malloy as its chief executive officer (CEO) and appointed former AIG chief financial Officer Sid Sankaran to its board of directors.   8 August 2019

Insurance

IRB Brasil Re to become first Latin American stakeholder in blockchain insurance initiative B3i

Brazil's major reinsurer IRB Brasil Re is set to acquire an 8.93 percent stake in the blockchain insurance industry initiative B3i Services for €3.5 million.   8 August 2019

Insurance

Travelers names new co-chief investment officers

Property/casualty insurer Travelers Companies has appointed David Rowland and Daniel Yin to executive vice president and co-chief investment officer, effective immediately.   8 August 2019

Insurance

Beazley adds CNA, Chubb and Hartford cyber & tech underwriters in US

Specialist insurer Beazley has appointed three new underwriters from CNA, Chubb and The Hartford to its US cyber & technology team that the company claims has grown by 25 percent in the past two years.   7 August 2019

Insurance

Fidelis reshuffles Ireland leadership as CEO/CUO Lyons departs

Bermuda-based Fidelis Insurance has appointed Robert Kelly to the post of chief executive officer and Simon Crone to chief underwriting officer of Fidelis Insurance Ireland DAC (FIID).   7 August 2019

Insurance

Greenlight Re Q2 2019 results suggests turnaround has begun

Reinsurer Greenlight Re CEO Simon Burton, said “conditions are improving in multiple lines of business” as the firm reported gross written premiums (GWP) and net income increases in its 2019 second quarter results.   6 August 2019

Insurance

P&C insurance software firm Guidewire appoints Rosenbaum CEO

Property and Casualty (P&C) insurance industry firm Guidewire has appointed Mike Rosenbaum, former EVP Product at Salesforce, as chief executive.   6 August 2019

Insurance

Cobbs Allen hires former JLT US CRO Payne to build broking business

US-based enterprise risk management agency Cobbs Allen has hired former JLT US chief revenue officer (CRO) David Payne as part of plans to expand its insurance brokerage business.   6 August 2019

Insurance

Credit ratings agency AM Best upgrades reinsurer PartnerRe on strength of balance sheet

Global credit ratings agency AM Best has upgraded PartnerRe and its operating subsidiaries to the financial strength rating (FSR) A+ (Superior) from A (Excellent), while the group’s long-term issuer credit ratings (LTICR) has improved to “aa-” from “a+”.   6 August 2019

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