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After weeks of wrangling and looming uncertainty about whether or not it would get over the line, AmTrust’s CEO and his wife’s family have finally won out in their bid to take the firm private in a $2.95bn deal with Stone Point which has faced substantial opposition from activist and ...
AmTrust investors have given their assent to the company’s $14.75 per share go-private deal with Stone Point, putting an end to long-running shareholder opposition to the proposed deal tabled by the firm’s CEO, his wife’s family and their backers.
Munich Re is considering selling off its asset management unit to US industry giant Guggenheim, according to reports.
While blockchain has the potential to disrupt the entire financial services industry, the technology requires the whole (re)insurance industry to participate in order for it to bring substantive change to the market, according to Xceedance CEO Arun Balakrishnan.
The Ardonagh Group has taken a step into the reinsurance broking market with the launch of a new unit targeting the sector under its Price Forbes unit.
Guy Carpenter has recruited Goldman Sachs’ executive Shiv Kumar as the new president and global leader of its GC Securities Capital Markets unit.
Florida-based carrier American Tradition is set to merge with its affiliate Modern USA Insurance company to bring the two sister firms under one roof.
Colorado State University (CS) researchers have tempered their annual Atlantic hurricane forecast for this season, predicting that the lack of a significant El Niño will translate into only average activity.