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.

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.

RSG

RSG swoops on Texan broker Myron Steves

2019-02-15T14:09:00+00:00

Ryan Specialty Group has snapped up Myron F. Steves & Company (Myron Steves), an independently owned wholesale insurance brokerage headquartered in Houston, Texas.

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.

Pembroke Syndicate 4000 combined ratio index

Hamilton in pole position for £400mn+ Lloyd’s Pembroke deal

2019-01-29T09:23:00+00:00

Bermudian (re)insurer Hamilton is the frontrunner to acquire the up-for-sale Lloyd’s insurer Pembroke after lodging a bid thought to be in the region of £400mn+.

David Howden

Hyperion founder: “We will never sell”

2019-01-09T17:03:00+00:00

Major new strategic initiative agreed with PE backers at industry’s soon-to-be largest non-US intermediary

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.

RSG

RSG swoops on Texan broker Myron Steves

2019-02-15T14:09:00+00:00

Ryan Specialty Group has snapped up Myron F. Steves & Company (Myron Steves), an independently owned wholesale insurance brokerage headquartered in Houston, Texas.

Lloyds buidling landscape

Lloyd’s M&A: ERS and Neon will be the litmus test for PE appetite

2019-01-29T17:40:00+00:00

Despite the proposed £400mn+ sale of Liberty Group’s Pembroke Managing Agency entering into exclusivity, a number of other Lime Street sale processes have recently faltered amidst buyer caution, a brutal 2019 business plan exercise and mismatches on valuation.

Hamilton-Syndicate-3334-combined i

“Motivated buyer” Hamilton keen to bolster struggling Lloyd’s platform

2019-01-29T13:41:00+00:00

Bermudian (re)insurer Hamilton’s Syndicate 3334 is one of the worst performing Lloyd’s syndicates and this may part-explain the news earlier today that it is the front runner in the process to acquire Liberty Group’s up-for-sale Pembroke Managing Agency.

Register now - it's free!

Sign up now and you'll get:

  • Breaking news by email on all critical issues
  • Trusted analysis and commentary
  • Opinion from market thought-leaders
  • Exclusive data on the industry
  • Weekly digital newsletter
  • Control over the content you receive
Yes, please