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Insurance
The Hartford's run-off life and annuity businesses Talcott Resolution has been acquired by an investor group, and will now operate as an independent stand-alone insurance company headquartered in Windsor, Connecticut, with an office in Woodbury, Minnesota. 1 June 2018
Insurance
Insurer Chubb has strengthened its energy industry practice with two new leadership appointments for the mid and large market segments. 1 June 2018
Insurance
Wilmington Trust has appointed Michael Ramsey as a client development officer for its insurance collateral solutions team, part of the company’s global capital markets division. 1 June 2018
Insurance
Universal Property & Casualty Insurance Company (UPCIC) has expanded the top of its reinsurance tower for a single Florida event by $350 million to $3.00 billion as part of Universal Insurance Holdings’ 2018-2019 reinsurance programmes, effective June 1, 2018. 31 May 2018
Insurance
CCP TopCo, the holding company of re/insurance broker RFIB, plans to double its revenues to £100 million in the next three years through acquisitions, the addition of managing general agents (MGAs) and a captives businesses while rebranding the group to Risk Transfer Group (RTG). 22 May 2018
Insurance
Everest Specialty Underwriters (ESU), a unit of Everest Insurance, has expanded its financial lines portfolio with the addition of new executives from P&C insurer Chubb. 22 May 2018
Insurance
The damage resulting from the "ring of fire" weather system that impacted the US from May 11 to 16 is expected to result in $2.5 billion in property and motor insurance claims, according to a report by Karen Clark & Company (KCC). 22 May 2018
Insurance
AmTrust Financial Services CEO Barry Zyskind continues to expect the transaction to turn the specialty property/casualty insurer into a privately held company to occur in the second half of 2018 despite the recent intervention by billionaire investor Carl Icahn. 21 May 2018
News
African Reinsurance Corporation grew gross written premium by 26.3 percent year on year to $211.1 million in the first quarter of 2018 driven by “successful” January renewals combined with a “slight hardening” in the South African reinsurance market. 21 May 2018
Insurance
Chubb was the top US cyber insurer in 2017, rising past American International Group (AIG) and XL Catlin, according to AM Best. 21 May 2018
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