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Independent proxy advisory firm Glass Lewis has recommended that AmTrust Financial Services stockholders vote “FOR" the company's merger agreement at the special meeting of stockholders on June 4, 2018, according to a May 25 AmTrust statement. 29 May 2018
Insurance
Headline-grabbing mergers and acquisitions (M&A) in the reinsurance sector may do little in themselves to help firms cope with the harsh reality of falling prices and low investment returns, increasing the risk that acquisitions will not generate the value investors anticipate long term, Fitch Ratings has warned. 13 September 2015
article
Atlanta-based Crawford & Company, a provider of claims management solutions, has appointed Kieran Rigby as the president of international, encompassing the UK, Europe, Asia-Pacific and Latin America regions. 12 April 2017
Insurance
Probitas Syndicate 1492 at Lloyd’s has claimed that it is business as usual as it seeks new investors following the appointment of liquidators at Istmo Compañía de Reaseguros (Istmo Re), the Panama reinsurer which backs the syndicate. 12 April 2017
Insurance
Stone Point Capital, the Karfunkel Family, and the CEO of AmTrust Financial Services are acquiring the insurer in a transaction valued at approximately $2.7 billion. 1 March 2018
Insurance
AM Best has removed from under review with negative implications and affirmed the financial strength ratings (FSR) of American International Group (AIG) and the majority of its insurance subsidiaries. 3 June 2016
Insurance
Arch Insurance Group has launched an increased limits product of up to $5 million on its general liability coverage in the newly-formed contract binding operations. 26 September 2013
Insurance
The inability of the reinsurance sector to materially raise rates after 2017's major catastrophe losses shows that the traditional catastrophe reinsurance business model is "permanently" impaired, which, along with other factors, should drive sustained consolidation, according to KBW analysts. 25 May 2018
Insurance
Two former insurance agents were sentenced to a combined 10 years in prison in California after being found guilty of a life insurance scheme. 2 August 2018
Insurance
Swiss insurer Nationale Suisse has purchased a property insurance portfolio from Spanish insurer Asefa as it seeks to strengthen its market position in Spain. 10 June 2014
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