RenaissanceRe’s board has increased the total current authorisation on its share repurchase program to $500mn after president and CEO Kevin O’Donnell said on the Bermudian’s Q1 earnings call that its stock was undervalued.
Axa XL has appointed Zurich’s Anish Jadav as chief underwriting officer for retail property and casualty, UK and Lloyd’s.
The US government introduced emergency legislation on Sunday in an effort to keep fuel supply lines open as fears of shortages rose following a ransomware cyber attack at a major US pipeline on Friday.
China’s Securities Regulatory Commission has launched a consultation over plans to ask listed companies to include separate environmental, social and governance reporting within annual reports.
The Insurance Council of Australia (ICA) has added representatives from Munich Re, IAG and Chubb to its board of directors.
Expansive reinsurance intermediary Lockton Re has hired Aon non-marine property retro broker James Boon as it continues to build out its retro practice, The Insurer can reveal.
AM Best has not made any changes to Grupo Mexicano de Seguros (GMX)’s ratings even though the carrier is facing possibly significant losses owing to its position as the lead insurer of Mexico City’s subway system.
Generali’s Global Corporate & Commercial (GC&C) division has named Marc Wekkeli as head of property underwriting in Germany.
Hybrid fronting carrier Transverse and former AIG executive and Zurich board member Jeffrey Hayman have launched blank check company Lakeview Acquisition Corporation (LAC) and filed for a $250mn initial public offering to raise funds to buy a business in the US insurance sector.
European Commission regulators are set to green-light the divestments proposed for the Aon-Willis Towers Watson transaction with Margrethe Vestager – the EVP responsible for competition policy – said to be supporting the remedy packages, according to a report by The Capitol Forum.
Praeventus, the new MGA launched by Canopius’ former renewable energy team, will begin underwriting on 1 June backed by capacity providers led by Berkley Offshore and a panel of Lloyd’s insurers including Munich Re Syndicate Ltd.
AssuredPartners has acquired 48-employee Texas Associates Insurors Agency (TAI), its fourth acquisition of April and 16th of the year.
The former president of BTG Pactual Seguradora and the previous Brazilian heads of Argo and Berkley’s insurance operations have partnered with Seguradora Invest and rebooted and rebranded the 45 year old company into a technologically-driven and efficiency-focused new platform called Kovr Seguradora, The Insurer has learned.
First Indemnity Insurance Group has launched a new excess casualty lawyers professional liability product for law firms with one to 750 attorneys in response to rising rates and restricted capacity in the sector.
AM Best has downgraded James River’s financial strength rating (FSR) from A to A- over concerns about a reduction in its assessment of the carrier’s enterprise risk management, a move that comes in the wake of the specialty insurer’s $170mn Uber-related reserve charge.
AIG shares were trading up 2 percent earlier today after the insurer said it expects to deliver earned margin expansion through 2021 and into 2022 as it also forecast strong net written premium growth and committed to achieving its sub-90 percent accident year ex-cat combined ratio target by the end ...
The relatively little-known chairman of Berkshire Hathaway Energy Greg Abel has been thrust into the spotlight over the past week after being named as Warren Buffett’s likely successor at the vast conglomerate.
Enstar’s net and operating results returned to profit in the first quarter of 2021, on the back of a reduction in losses and loss adjustment expenses, as well as favourable prior-year development.