Joe Zak – Orchid

Zuk joins Orchid to build out platform and ILS capability

2019-02-19T17:40:00+00:00

Cat-focused MGA Orchid Underwriters has hired Joe Zuk as it looks to diversify by geography and product line and build a platform that can act as a conduit for ILS capacity, The Insurer can reveal.

Preservation Capital, Ascent and Cove Programs

Ascent backer Preservation Capital builds MGA platform with Cove investment

2019-02-19T09:53:00+00:00

Private equity firm Preservation Capital Partners, the backers of MGA Ascent Underwriting, has invested in US construction-focused managing general agent Cove Programs.

The march of ILS capital

ILS investors seek rate hardening after costly H2 2018: Swiss Re

2019-02-19T17:35:00+00:00

2018 marked the second-highest year of ILS issuance volume on record, but investors will now seek rate hardening after another costly cat year, according to Swiss Re.

Ascot-and-US-flag

Ascot taps Markel for US inland marine head

2019-02-19T12:56:00+00:00

Ascot Insurance US has appointed Jeff Vetter as executive vice president and head of inland marine.

Topa Insurance Company

Altamont in exclusive talks to buy Topa

2019-02-15T22:45:00+00:00

Topa Insurance Group has entered into exclusive talks with potential buyer Altamont Capital as the Californian carrier moves closer to a sale, The Insurer can reveal.

Apollo-and-Aspen

Apollo’s $2.6bn take-over of Aspen completes

2019-02-15T14:31:00+00:00

Alternative investment heavyweight Apollo Global Management has cleared the final hurdle in its $2.6bn takeover of Bermudian carrier Aspen.

Chris O'Kane

Former Aspen CEO O’Kane to get $10mn transaction bonus

2019-02-19T23:20:00+00:00

Former Aspen CEO Chris O’Kane has been granted a $10mn bonus and former CFO Scott Kirk has been granted a $1mn bonus for assisting in the Bermudian (re)insurer’s $2.6bn takeover by Apollo Global Management.

Preservation Capital, Ascent and Cove Programs

Ascent backer Preservation Capital builds MGA platform with Cove investment

2019-02-19T09:53:00+00:00

Private equity firm Preservation Capital Partners, the backers of MGA Ascent Underwriting, has invested in US construction-focused managing general agent Cove Programs.

Topa Insurance Company

Altamont in exclusive talks to buy Topa

2019-02-15T22:45:00+00:00

Topa Insurance Group has entered into exclusive talks with potential buyer Altamont Capital as the Californian carrier moves closer to a sale, The Insurer can reveal.

Michael Watson Canopius

AmTrust to become “significant minority” Canopius shareholder

2019-02-15T15:39:00+00:00

AmTrust will become a “significant minority” shareholder in the PE-backed Lloyd’s insurer Canopius if it completes the sale of its Lloyd’s arm.

Hartford-Navigators*

Tooker and Tizzio to lead new The Hartford units after Navigators deal

2019-02-04T13:32:00+00:00

The Hartford is reorganizing its P&C business into two new units headed by Mo Tooker and Vincent Tizzio following the close of its $2.1bn acquisition of US specialty insurer Navigators.

Ed Hochberg

Guy Carp names Hochberg head of new Capital Solutions unit post-JLT takeover

2019-01-17T14:26:00+00:00

Guy Carpenter has unveiled a new business unit - Global Capital Solutions Group – with JLT Re’s Ed Hochberg taking a top role.