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Insurance
Nippon Life Insurance Company is acquiring an 85.1 percent stake in MassMutual Life Insurance Company (MassMutual Japan), a Japanese unit of US insurer MassMutual International. 5 March 2018
Insurance
ArgoGlobal, a Lloyd's insurer and member of Argo Group, has appointed Veronica Grigg as senior executive officer for ArgoGlobal Asia. 5 March 2018
Insurance
Lloyd's third-party managing agent Asta has completed the sale of its managing general agent (MGA) Pelican Underwriting One, which trades as Pelican Underwriting, to specialist MGA Manchester Underwriting Management (MUM). 5 March 2018
Insurance
Rating agency AM Best has downgraded Maiden’s rating outlook due to “a decline in balance sheet strength and the potential that continuation of recent underwriting and operating trends could lead to negative action on the rating”. 5 March 2018
Insurance
Virtual claims technology provider Snapsheet is expanding its North American presence to Canada by partnering with property/casualty insurance group Aviva. 5 March 2018
Insurance
JLT Re has appointed Ariel Hernandez as senior vice president in Miami. Hernandez joins from the Chaucer Syndicates of The Hanover Insurance Group, where he was a treaty underwriter. 5 March 2018
Insurance
A group of investors is taking AmTrust Financial Services private to create a better environment to fix the problems that have been haunting the New York-based insurer. AmTrust needs to address financial controls as well as pricing and reserve adequacy issues. 2 March 2018
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
New York-based AmTrust Financial Services closed the transfer of a 51 percent equity interest in certain of its US-based fee businesses to private equity firm Madison Dearborn Partners. 1 March 2018
Insurance
Broker Jardine Lloyd Thompson Group (JLT) has acquired US-based trade credit and political risk broker International Risk Consultants (IRC) to further strengthen its US specialty business. 1 March 2018
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