New York

Sompo International taps Swiss Re to expand US cyber team

2018-08-15T14:28:00+01:00

Sompo International has appointed Richard DePiero a senior vice president and US cyber product leader for Sompo Pro, the carrier’s professional liability insurance unit.

wtw willisbuilding

Willis pursues Alliant for trying to ‘decimate’ its construction team

2018-08-13T15:57:00+01:00

Willis Towers Watson is suing Alliant for trying to “steal millions of dollars of revenues” after the West Coast broker poached a 12-strong construction team from its larger rival.

New York

Axis taps Travelers for global head of ceded reinsurance

2018-08-13T13:33:00+01:00

Bermudian carrier Axis has appointed Anne Kelly global head of ceded reinsurance.

Tampa,Florida,USA._-_panoramio_(26)

Darag inks its first US deal as it partners with SOBC

2018-08-13T08:44:00+01:00

Run-off acquirer Darag has entered a joint venture with US-based SOBC in a bid to grow beyond its European heartland into the North American, Caribbean and Bermudian legacy markets.

Marine port cargo generic

AmWins secures Argo backing for two new marine MGAs

2018-08-13T13:06:00+01:00

Wholesale broking giant AmWins has launched two new MGAs focused the marine market – Amwins Specialty Logistics Underwriters (ASLU) and Sentinel Marine Underwriters (SMU).

New York

Munich Re hires senior XL underwriter to lead its US specialty push

2018-08-10T14:52:30.393+01:00

Munich Re has hired XL Group’s head of US terrorism and political violence Ben Tucker to lead a new unit focussed on writing a variety of US non-marine specialty classes, re-Insurance.com can reveal.

Sailboat in the Hamilton, Bermuda, harbor copy

Apollo launches new Bermuda reinsurer Acra Re

2018-08-14T15:06:00+01:00

Heavyweight investment firm Apollo Global Management has formed a new Bermudian (re)insurer, which is expected to be used as a platform for writing large P&C and life trades, re-Insurance.com can reveal.

London, city, Aspen and QBE, Plantation Place

Up-for-sale Aspen awards CFO Kirk $2mn retention bonus

2018-08-14T21:55:00+01:00

Aspen’s group CFO Scott Kirk has been awarded a long-term retention bonus of $2mn only months after his “change of control” golden parachute payment entitlement was increased.

Car collision copy

Bain Capital to buy Esure in $1.2bn acquisition

2018-08-14T10:36:00+01:00By

Private equity firm Bain Capital has agreed terms to takeover UK-listed motor insurer Esure in a $1.2bn deal. 

Tampa,Florida,USA._-_panoramio_(26)

Darag inks its first US deal as it partners with SOBC

2018-08-13T08:44:00+01:00By

Run-off acquirer Darag has entered a joint venture with US-based SOBC in a bid to grow beyond its European heartland into the North American, Caribbean and Bermudian legacy markets.

London, city, Aspen and QBE, Plantation Place

Up-for-sale Aspen awards CFO Kirk $2mn retention bonus

2018-08-14T21:55:00+01:00

Aspen’s group CFO Scott Kirk has been awarded a long-term retention bonus of $2mn only months after his “change of control” golden parachute payment entitlement was increased.