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Insurance
Bermuda-based Validus has agreed a deal to buy US specialty lines insurer Western World Insurance Group for $690 million. 24 June 2014
Insurance
XL Group has launched a dedicated cyber and technology risk unit for the US and Canada in response to what it believes to be rapidly growing demand for cover. 19 June 2014
Insurance
Validus Holdings, the Bermuda-based reinsurer, is reportedly close to an agreement to acquire Western World Insurance Group, a specialty US insurer, in a deal that could be worth $600 million. 16 June 2014
News
Continental Reinsurance, Africa’s largest private reinsurer outside of South Africa, has appointed Abayomi Oluremi-Judah as the company’s new head of life operations. 6 June 2014
Insurance
Universal Insurance Holdings, the US insurer, has made substantial savings on its reinsurance programme on the back of changes made by what it called its experienced in-house reinsurance team. 4 June 2014
News
Bermuda-based reinsurer RenaissanceRe has increased its share repurchase programme to $500 million. 21 May 2014
Insurance
Talbot Underwriting, a subsidiary of Validus Holdings, has strengthened its marine and energy team with two hires from Tower Group. 20 May 2014
News
RenaissanceRe enjoyed strong growth of almost 11 percent in the first quarter of 2014 driven by its Lloyd’s and specialty businesses. Its profits dipped, however, as its chief executive warned of pressure on pricing and available capital in the market outstripping demand. 30 April 2014
Insurance
Validus Holdings’ profits dipped in the first quarter of 2014 compared with the same period last year. But its CEO remains positive despite increasing competition. 25 April 2014
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