Enstar completes $200mn AmTrust investment
Bermudian legacy-to-live carrier Enstar has completed its $200mn investment in Evergreen.
Gallagher snaps up aviation broker Boston Marks
Arthur J Gallagher has snapped up Boston Marks Group which includes Boston Marks Insurance NZ in New Zealand, BMG Aviation in Australia and the book of business of Boston Marks Insurance Brokers in the United Kingdom.
JLT notifies staff of £100mn retention awards ahead of new global structure
As the post-takeover operating structure of MMC and JLT begins to take shape, JLT’s qualifying staff have been notified of their entitlements under the £100mn retention bonus scheme that was announced as part of the £4.3bn acquisition.
Allianz shares dip as CEO eyes M&A
Shares in European Insurance heavyweight Allianz dipped today as investors contemplated an increased chance of a large-scale M&A deal.
Axa commits to Lloyd’s following $15.3bn XL deal
The Lloyd’s market remains a key part of Axa XL’s distribution capability, Axa XL CEO Greg Hendrick told investors yesterday, as the executive affirmed the carrier’s commitment to Lime Street.
Ardonagh income climbs 11% in first nine months
The Ardonagh Group has seen income jump 11.2 percent in the first nine months ended 30 September 2018.
Axa commits to Lloyd’s following $15.3bn XL deal
The Lloyd’s market remains a key part of Axa XL’s distribution capability, Axa XL CEO Greg Hendrick told investors yesterday, as the executive affirmed the carrier’s commitment to Lime Street.
Arch acquires Ardonagh’s commercial lines business
Arch Insurance Europe is to take over the UK commercial lines business of The Ardonagh Group.
BGC Partners acquires London market broker Ed
Private equity’s interest in London market brokers has continued this morning with news that BGC Partners has acquired Ed.
Enstar completes $200mn AmTrust investment
Bermudian legacy-to-live carrier Enstar has completed its $200mn investment in Evergreen.
R&Q inks self-insured legacy and workers comp deal
London-listed R&Q is to provide full finality to an unnamed California-based self-insurer though its newly rebranded program underwriting division Accredited.
AIG closes Fortitude Re stake sale to The Carlyle Group
American International Group has closed the sale of its 19.9 percent stake in Fortitude Re to private equity house The Carlyle Group.
Ardonagh debt weighs heavily as UK broker sells assets
*Debt yielding circa 11 percent ** New $235mn bond takes issuance beyond £1bn *** Acquires Nevada 3 assets at near 30 percent premium to cost
Analysis: RenRe’s $1.5bn TMR move cements strategic play
Shares in RenaissanceRe were trading off around 5 percent this morning in New York as some investors reacted negatively to news of the Bermudian’s $1.5bn deal to buy Tokio Millennium Re (TMR).