Canopius signs AmTrust at Lloyd’s merger agreement
PE-backed Canopius has moved a step closer to completing its landmark merger of its Lloyd’s business with AmTrust’s, after signing a definitive sale and purchase agreement, a move that will catapult the carrier into being a top-five Lloyd’s insurer.
Dual sale processes to be run for Minova’s Pioneer and BMS
Canaccord Genuity is poised to run a dual sale process for Minova Insurance’s MGA platform Pioneer Underwriting as well as its broking operation BMS.
NSM targets further 2019 acquisitions to grow premium beyond $1bn
White Mountains-owned full service MGU and program administrator NSM is expected to add to its Embrace Pet Insurance acquisition in the coming months, as it continues to execute its specialty niche roll-up strategy through a strong pipeline of bolt-on transactions.
AmTrust to sell surety and credit business to Liberty Mutual
Expansive (re)insurer Liberty Mutual has agreed a deal to buy the global surety and credit reinsurance operations of AmTrust.
China Re completes acquisition of Chaucer’s Australian and Irish subsidiaries
Hong Kong-listed carrier China Re has completed the acquisition of two of Chaucer Holdings’ subsidiaries after receiving regulatory approval in the jurisdictions.
Canopius signs AmTrust at Lloyd’s merger agreement
PE-backed Canopius has moved a step closer to completing its landmark merger of its Lloyd’s business with AmTrust’s, after signing a definitive sale and purchase agreement, a move that will catapult the carrier into being a top-five Lloyd’s insurer.
Canopius pushed to Lloyd’s top-five with AmTrust deal
PE-backed Canopius will be catapulted into being a top-five Lloyd’s carrier responsible for circa £2.01bn of annual written premiums on the assumption it completes its acquisition of AmTrust’s Lloyd’s business, analysis by The Insurer shows.
NSM targets further 2019 acquisitions to grow premium beyond $1bn
White Mountains-owned full service MGU and program administrator NSM is expected to add to its Embrace Pet Insurance acquisition in the coming months, as it continues to execute its specialty niche roll-up strategy through a strong pipeline of bolt-on transactions.
AIG takes Zortman from QBE to run Private Client Group
AIG has hired Kathleen Zortman from QBE as president and CEO of its Private Client Group, based in New York.
Ameriprise sells P&C unit to American Family after strategic review
American Family’s acquisition of the P&C operations of Ameriprise Financial for $1.05bn will help broaden the US insurer’s geographical reach and the spread of its storm risk, it said.
Where next for Aon, Willis and the fast-changing global broker landscape?
Where next for Aon and Willis and indeed how will the global broking landscape change over the next 12-24 months?
Glaser shows the art of doing a deal…
Dan Glaser is going to get a reputation as a clinical deal maker like Warren Buffett if he continues like this.