Chubb

Chubb in Eur1.4bn fundraise for potential M&A

2019-12-04T08:25:00+00:00

Chubb INA Holdings, the US-based subsidiary of Chubb Limited, has priced a public offering of Eur700mn ($775.5mn) of senior notes due 2024 and Eur700mn of senior notes due 2029.

Insurtech

London-based Cuvva raises £15mn Series A funding

2019-12-03T11:03:00+00:00

The London-based insurance startup Cuvva has raised a £15mn Series A from RTP Global, Breega and Digital Horizon.

Sompo

Sompo sets sights on global top 10 through “large-scale” M&A

2019-11-29T16:35:00+00:00

Japanese giant Sompo Holdings plans to secure its place as a top 10 global insurance player through “drastic” growth, citing “large-scale” acquisitions and increasing its overseas activity.

QIC and S&P

Markerstudy and QIC agree loan restructure terms

2019-11-29T08:54:00+00:00

Markerstudy has announced it is “business as usual” as the motor intermediary and parent Qatar Insurance Company agree repayment terms on a loan that rating agency S&P raised concerns over earlier this week.

Ardonagh

New specialty hires hand Ardonagh line of sight income boost

2019-11-21T14:05:00+00:00

New producer hires are driving “substantial growth” within The Ardonagh Group’s specialty arm, providing the acquisitive broker consolidator with further line of sight income of £15-20mn ($19-26mn) per annum over the next three years, the group’s chief financial officer has said.

Ardonagh Q3 results

Ardonagh losses total £67.7mn in 9M as operating profit climbs

2019-11-21T08:05:00+00:00

Private equity-owned UK broker consolidator The Ardonagh Group saw its pre-tax loss reach £67.7mn ($87.51mn) in the first nine months of the year (9M2018: -£48.9mn) but the David Ross-led group reported organic growth of 4.6 percent and saw a notable improvement in its underlying performance.

Ardonagh

New specialty hires hand Ardonagh line of sight income boost

2019-11-21T14:05:00+00:00

New producer hires are driving “substantial growth” within The Ardonagh Group’s specialty arm, providing the acquisitive broker consolidator with further line of sight income of £15-20mn ($19-26mn) per annum over the next three years, the group’s chief financial officer has said.

Ardonagh Q3 results

Ardonagh losses total £67.7mn in 9M as operating profit climbs

2019-11-21T08:05:00+00:00

Private equity-owned UK broker consolidator The Ardonagh Group saw its pre-tax loss reach £67.7mn ($87.51mn) in the first nine months of the year (9M2018: -£48.9mn) but the David Ross-led group reported organic growth of 4.6 percent and saw a notable improvement in its underlying performance.

IGI Q3 results

IGI top line up 16% in Q3

2019-11-20T14:12:00+00:00

Dubai-based International General Insurance Holdings has booked a 16 percent increase in gross written premium for the three months ended 30 September 2019 as GWP topped $74mn, up from $64mn reported in the same period last year.

MS&AD H1 results

Investment income drives MS Amlin H1 profit surge as restructure unveiled

2019-11-19T09:36:00+00:00

MS&AD-owned MS Amlin delivered a H1 net income of £109mn ($141.2mn), which ballooned from the £7mn it delivered in the same period last year on the back of strong investment returns and no major losses caused by natural catastrophes.

Sompo international H1 results

Adverse development impacts Sompo International H1 results despite top line growth

2019-11-19T08:46:00+00:00

Sompo International reported a H1 adjusted operating profit of $190mn, up only slightly from the $182mn it posted in H1 2018, despite growing its top line by some 13 percent.