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Insurance
Bermuda-based Ascot Group, through its subsidiary Ascot US Holding Corporation, has acquired Greyhawk Insurance Company and its subsidiary Greyhawk Specialty Insurance Company. 22 May 2018
Insurance
Ross Webber, the chief executive officer of Bermuda Business Development Agency (BDA), has stepped down from his position. 22 May 2018
Insurance
AEGIS London, the UK-based subsidiary of AEGIS, has appointed Jonathan Humm as its new class underwriter for marine hull. He joins from Hiscox where he was deputy hull underwriter. 22 May 2018
News
Reinsurance broker Guy Carpenter & Company, a wholly owned subsidiary of Marsh & McLennan Companies (MMC), has appointed Richard Carver as managing director and senior broker in the firm’s UK non-marine division. 22 May 2018
Insurance
US-based specialty insurance programme administrator NSM Insurance Group, a subsidiary of White Mountains, has acquired West Midlands-based insurance broker Fresh. 22 May 2018
Insurance
Dallas-based startup digital life insurance distribution company Bestow has secured $15 million in a Series A funding round led by Valar Ventures, bringing its total financing to more than $18 million. 22 May 2018
Insurance
Billionaire investor Carl Icahn disclosed a 9.38 percent stake in insurer AmTrust Financial Services and said in a letter to the insurer’s board that he strongly opposed the going-private deal. 18 May 2018
Insurance
AIG Europe reported a pre-tax loss of £431.5 million for 2017 (ending Nov. 30, 2017) after a negative £171.1 million in the 2016 financial year. 18 May 2018
Insurance
Lloyd’s brokers SSL Insurance Group and Endeavour Insurance Services have entered into an agreement to merge the businesses. 18 May 2018
Insurance
Sompo Holdings expects consolidated ordinary profit to double in the full year 2018 (ending March 31, 2019) based on the impact of hurricanes in North America and large losses. 18 May 2018
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