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Insurance
Fidelity National Financial has agreed to acquire title insurance company Stewart Information Services Corporation for an equity value of approximately $1.2 billion. 19 March 2018
Insurance
United Arab Emirates-based International General Insurance Holdings (IGI) saw its combined ratio deteriorate to 103 percent in 2017, compared to 87.5 percent in 2016. 19 March 2018
Insurance
US specialty property/casualty insurer has posted a net loss of $348.9 million for 2017 after a net profit of $430.4 million in 2016 as the company prepares to go private. 19 March 2018
Insurance
Bermuda-based Arch Capital Group (ACGL) has promoted president and chief operating officer (COO) Marc Grandisson to the position of CEO, replacing Constantine Iordanou. 19 March 2018
Insurance
QBE Insurance is aligning its technology and transformation teams under one business unit within its Australian and New Zealand Operations (ANZO), resulting in the creation of new roles and the redundancy of a senior executive. 19 March 2018
Insurance
Pembroke Managing Agency has been granted approval by Lloyd’s to establish and manage GIC Syndicate 1947, which has been cleared to underwrite business from April 1. 19 March 2018
Insurance
The Talanx Group, which includes Hannover Re, is aiming for a net income of around €850 million in 2018 and an increase in gross premiums (adjusted for currency effects) of more than 2.0 percent. 19 March 2018
Insurance
XL Catlin’s London-based insurance operations have introduced a contract continuity clause which addresses the risk that contracts written prior to Brexit may become impermissible assuming passporting rights are lost as a consequence of the UK leaving the EU. 19 March 2018
Alternative Risk Transfer
Italian insurer Generali is taking advantage of more attractive conditions in the insurance-linked securities (ILS) market for windstorm reinsurance protection. 19 March 2018
Insurance
Chicago-based insurtech company FIGO Pet Insurance has secured a $4 million investment from private equity firm HCS Capital Partners. 16 March 2018
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