US insurer The Hartford is through to the second round of the $2.6bn+ Aspen sale process currently being managed by Goldman Sachs and JP Morgan, re-Insurance.com can reveal.
The saga of the last year or so could never really end as simply as AmTrust returning quietly to private ownership, could it?
Independent wholesale broker RFIB has set a target to more than double its revenues to £100mn ($134.5mn) by 2021 under new chief executive Steven Beard.
Richard Carver has joined Guy Carpenter from competitor Aon to take on the role of managing director and senior broker in the broking house’s UK non-marine division.
With the key Florida cat renewals now only days away, Morgan Stanley has added to the chorus calls predicting underwhelming pricing when insurers renew their reinsurance programs on the 1 June.
JC Flowers’ acquisition of niche London market brokers SSL and Endeavour marks a growing trend of private equity firms purchasing stakes in distributors, with a particular flurry of activity sweeping the London market.
It is never nice to post a $6.2bn loss in your equity portfolio in one quarter - least of all when you are Berkshire Hathaway, the company famous for its stock picking boss - but that load looks a little lighter when your (re)insurance operations return to profitability and it ...
Talk of meaningful reinsurance rate hikes for Florida business appear to have resulted in very little actual movement in price as details of the key 1.6 renewal start to emerge.
The following article is brought to you by Digital Insurance Agenda (DIA) founders Roger Perevelli and Reggy de Feniks in the run up to the DIA Amsterdam InsurTech conference on 16 and 17 May.