Executives On The Move at The Hartford and AXA XL
A former Validus executive is the new head of wholesale property for Navigators, a unit of The Hartford. AXA XL announced two additions to its UK broker management team.
Validus News
Reinsurance Consolidation Won’t Let Up Anytime Soon: Standard & Poor’s
Expect more reinsurance M&A deals in the coming months as reinsurers seek to remain competitive through tough market conditions, S&P Global Ratings predicts in a ...
To AIG CEO Duperreault, the Path to Profitability Is ‘Not a Straight Line’
After a disappointing second quarter, AIG CEO Brian Duperreault restated his pledge that the struggling insurer would reach an underwriting profit after 2018. He also cautioned that the road to ...
Global Insurance M&A Rises in H1; Bermuda Generates Much of the Activity
Global Insurance M&A transactions climbed in the 2018 first half, with 186 deals completed worldwide, according to a new Clyde & Co. report. That number is up from 180 in the 2017 second ...
Much More M&A Is Coming as Companies Seek Scale/Tech Advances: A.M. Best
Expect more property/casualty insurance and reinsurance M&A deals in the months ahead — particularly among smaller carriers — as companies continue seeking scale and technology to improve ...
A Phone Call From AIG’s Duperreault; A Deal 72 Days Later
It started with a phone call—from American International Group's Brian Duperreault to Validus Holdings' leader Ed Noonan. Roughly two-and-a-half months later, including time for just over one month ...
Executives On The Move at Validus and The Hartford
Validus Holdings Ltd. made a number of executive appointments following a reorganization into three major divisions. The Hartford named one of its executives to lead Personal Lines.
$50M NBCR Terror Coverage Available from Lloyd’s Consortium
Talbot Underwriting Ltd., a wholly owned subsidiary of Validus Holdings, Ltd., announced the launch of a Lloyd's led consortium for nuclear, biological, chemical and radiological (NBCR) terrorism. ...
Hurricane Matthew Could Leave Behind Nearly $15B in Florida Economic Losses
Hurricane Matthew has thousands fleeing the U.S. Southeast where it's expected to batter the coastline and threaten electricity supplies to more than 1 million people in Florida. Potential losses are ...