Activist investor Voce Capital builds stake in ArgoActivist investor Voce Capital Management has taken a 5.6 percent stake in Bermudian carrier Argo.
Berkshire Hathaway was biggest writer of PG&E excess liabilityBerkshire Hathaway wrote by far the biggest share of PG&E’s excess liability cover, The Insurer can reveal.
Oberting replaces Waters as Sirius CEOAllan Waters has stepped down from Sirius International Group with Kip Oberting set to take over as CEO of the Bermudian (re)insurer.
Lloyd’s names Burkhard Keese CFOLloyd’s of London has named Burkhard Keese as its chief financial officer, succeeding John Parry.
Tooker and Tizzio to lead new The Hartford units after Navigators dealThe Hartford is reorganizing its P&C business into two new units headed by Mo Tooker and Vincent Tizzio following the close of its $2.1bn acquisition of US specialty insurer Navigators.
QIC returns 101.3% COR at full yearQatar Insurance Group (QIC) reported a combined ratio of 101.3 percent at full year as strong gross written premium growth helped to mute the impact of successive hits from third and fourth quarter catastrophes.
MS&AD acquires MS Amlin stake in Leadenhall CapitalMS&AD has bought the 80 percent of London-based ILS fund manager Leadenhall Capital Partners (LCP) held by its subsidiary MS Amlin.
CIAM accuses Kessler of prioritising personal interests in takeover bidThe European activist investor CIAM has accused the chairman and CEO of Scor, Denis Kessler of putting his own interests above those of shareholders in the tabled acquisition of the French reinsurance powerhouse by Covea.
EMCC not interested in third-party mergerEmployers Mutual Casalty Company (EMCC) has sought to dismiss speculation over a possible transaction that would see it and EMC Insurance Group (EMCI) bought out by a third party as it looks to succeed in its objective to purchase the shares in its subsidiary it doesn’t already own.
Willis Re reshuffles Australian leadership teamWillis Re has restructured its executive team in Australia with John Philipsz and Karl Jones taking top jobs at the broking house in Sydney.
Aon posts 6% organic growth, EPS beats analysts'Broking giant Aon reported 6 percent organic growth in the fourth quarter driven by gains in both its commercial risk and reinsurance solutions businesses.
BGC Partners completes purchase of EdBGC Partners has completed its acquisition of Lloyd’s broker Ed.
Hyperion X appoints Miguel Baptista chief data officerHyperion X, the recently-launched data and technology arm of London-headquartered intermediary Hyperion Insurance Group, has appointed Miguel Baptista chief data officer.
Improved underwriting results help Selective to earnings beatSelective generated a 41 percent increase in operating profits to $72.0mn for the fourth quarter as it comfortably outpaced Wall Street earnings forecasts.
QBE Seguros downgraded to B++ ahead of saleAM Best has downgraded the financial strength ratings of Puerto Rican carrier QBE Seguros from A- to B++ after its global insurer parent agreed a deal to sell the subsidiary to Rincon Investment.
Gallagher reports 5.8% organic growth in Q4Gallagher was the second broking giant today to report strong fourth quarter organic growth as it said top line in its brokerage and risk management segments was up by 5.8 percent on an underlying basis.
Shares in Maiden up 12% after AmTrust QS terminatedShares in Maiden Holdings were trading up 12 percent in New York this afternoon after the reinsurer revealed it had terminated quota share agreements with AmTrust in a move that had helped cure its recent breach of Bermuda capital requirements.
Munich Re in US casualty retrenchmentMunich Re has significantly reduced its appetite for segments of US commercial casualty risk amid concerns over claims activity and loss trends that are continuing to outpace rates, The Insurer can reveal.
MMC shares up 5% after strong Q4MMC’s share price closed up 5.3 percent after the firm reported that its risk and insurance services (RIS) operation produced underlying, or organic revenue growth of 6 percent in the fourth quarter along with margin expansion.
Zurich taps Chubb for A&H head JaksicZurich has appointed Drazen Jaksic head of accident and health underwriting within its commercial insurance business.