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The family that originally helped found AmTrust Financial Services has partnered with private equity funds managed by Stone Point Capital to propose taking the troubled insurer private in a deal worth around $1.4 billion. 10 January 2018
Insurance
Blackstone Insurance Solutions, a new business launched by private equity group Blackstone, has hired the former president of New York Life’s Investments Group as its chief executive. 10 January 2018
Insurance
Specialist insurer Hiscox has appointed Eric Micheals as chief underwriting officer in the US. He replaces Nicole Goodwin, who is retiring. 10 January 2018
Alternative Risk Transfer
Twelve Capital has completed a $35 million private catastrophe bond designed to cover second event risk across all natural perils in the US. 10 January 2018
Insurance
Aon has appointed Edward Smerdon as head of legal and technical within the Financial and Professional Services division of its London-based Global Broking Centre (GBC). 9 January 2018
Insurance
AXIS Capital Holdings has received authorisation to create a single managing agent structure for its operations at Lloyd’s. 9 January 2018
Insurance
Mphasis, an IT solutions provider specializing in cloud and cognitive services, has launched a series of blockchain-enabled solutions for insurance and financial services markets. 9 January 2018
Insurance
Andy Wallin, group commercial director, Ed, has ambitious plans for a year that he admits will be defined to an extent by the heavy cat losses of 2017 and the market’s reaction to them. 9 January 2018
Insurance
London-based insurtech start-up Digital Fineprint (DFP) has raised $2.7 million in its second funding round led by Pentech Ventures, a UK-based software-focused venture capital firm. 8 January 2018
Alternative Risk Transfer
The Insurance Linked Strategies (ILS) team at Lombard Odier Investment Managers has completed its first bond transaction using blockchain, the immutable ledger for recording transactions. 8 January 2018
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