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ILS
Amlin is increasing its stake in Leadenhall Capital from 40 percent to 75 percent, as the two firms continue to cement significant synergies. 7 July 2014
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ACE Limited has announced that it will strike up a definitive agreement to acquire the large corporate P&C business of Itaú Seguros, S.A. from Itaú Unibanco S.A. for approximately $685 million. 7 July 2014
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Sirius International has obtained approval to run its Lloyd’s Syndicate 1945 through its own managing agency, effective 1st July. 7 July 2014
News
Wilton Re has completed the acquisition of Conseco Life Insurance Company (CLIC) from CNO Financial Group. 4 July 2014
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XL Group’s insurance operation in Iberia has announced the appointment of Alejandra Llobera as senior claims specialist for financial lines as well as the promotion of Mónica Novillo to deputy claims manager. 4 July 2014
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ACE has announced it will appoint Paul Wilderspin, formerly of Marsh, as client relationship manager for the UK and Ireland. 3 July 2014
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More insurance companies with a physical presence and long-term plans to grow are forming in Bermuda, creating new jobs and opportunities for the industry, according to one of the island’s leading law firms. 2 July 2014
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Fitch has upgraded the insurer financial strength (IFS) ratings of Wilton Re and all its various units to A+ from A. 2 July 2014
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Endurance has attacked Aspen’s defence against its increasingly hostile overtures, accusing Aspen of using governance and compensation questions to distract shareholders from the value inherent in the transaction. 2 July 2014
News
The reinsurance sector saw significant rate reductions at the mid-year renewals as excess capital continues to chase muted demand. 2 July 2014
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