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+01:00

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+01:00

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.

echelon Copenhagen Court House

Echelon denies Qudos fraud allegations as settlement talks continue

2018-08-09T09:01:00+01:00

Echelon Insurance, the former owner of the Danish insurer Qudos, has denied allegations of wrongdoing made by London-headquartered alternative investment firm New Nordic earlier this week over the 2017 sale of the unrated European carrier.

Aspen-share-price

Aspen share price now marooned below NTA on M&A concerns

2018-08-08T12:25:00+01:00

Aspen Insurance Holding’s share price has now fallen 18 percent since its year-to-date high in early April as speculators become increasingly pessimistic about the imminent sale of the company as a formal M&A process edges closer to a conclusion.

Chaucer index

China Re trumps PE firms to lead $1bn Chaucer auction

2018-08-01T14:44:00+01:00

State owned reinsurer China Re is in pole position to acquire the up-for-sale Lloyd’s insurer Chaucer at a valuation of around 1.4x net tangible assets.

london minster court iua

Global Risk Partners completes merger of two Lloyd’s brokers

2018-08-01T10:31:00+01:00

Broker and MGA consolidator Global Risk Partners has merged two of its businesses – Lonmar and Ropner – bringing the two London broking houses under the Lonmar Global Risks banner. 

Inside lloyd's of london

The Hanover has released $680mn of Chaucer reserves since acquisition

2018-07-16T08:21:00+01:00

With an unprecedented number of Lloyd’s businesses potentially available for sale, The Hanover’s 2011 acquisition of Chaucer highlights the advantages of acquiring a well-reserved insurance company.

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.

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.

Aspen clock noon

Aspen’s high noon fast approaches

2018-08-10T14:50:00+01:00

The six months of uncertainty for up-for-sale Bermudian carrier Aspen will end soon - and perhaps even as early as this time next week, sources close to the company suggest.

AmTrust-champagne-bottle

Maiden’s voyage

2018-08-10T13:12:00+01:00By

Bermuda’s Maiden has veered off course and appears to be going in a very different direction.

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