White Mountains completes sale of NSM to Carlyle
White Mountains Insurance Group, Ltd. (White Mountains) has completed the sale of NSM Insurance Group to investment funds affiliated with global investment firm, Carlyle.
Allstate reports cat losses in May of $436m
Allstate has said it saw estimated catastrophe losses throughout May of $436m, or $344m after tax.
Axis names cyber underwriters
Cyber Risks, E&O, Emerging Risks, P/C Insurers, Technology Axis, Swiss Re
Alera recruits client service leader from Marsh McLennan Agency
Agents and Brokers, P/C Insurers Marsh & McLennan
Trump says tariff rates could be up to 70% as letters ship out
As the 9 July tariff deadline looms, US President Donald Trump has said that rates could be up to 70% for certain counties.
Insured damage from Canadian atmospheric river tops $70 million
Catastrophes, P/C Insurers, Property Canada
SageSure names John Lummis for capital, risk management role
P/C Insurers, Reinsurance, Risk Management Bermuda
MS&AD to acquire 18% stake in MassMutual’s Barings
Japanese insurance group MS&AD Insurance Holdings, through its subsidiary, Mitsui Sumitomo Insurance Co., Ltd. (MSI), is set to acquire an 18% equity stake in Barings, a global asset management subsidiary of MassMutual.
Chaucer reports surge in sovereign debt downgrades
In the past year, Chaucer, global specialty re/insurance firm, has observed a staggering 43 sovereign debt downgrades worldwide.
Gallagher appoints Mike Parry as partner in its renewable energy team
Gallagher has appointed Mike Parry as a partner in its renewable energy team to focus on offshore wind risks.
ICA declares Valentine’s Day storms in Victoria as a “significant event”
The Insurance Council of Australia (ICA) has declared the Valentine’s Day storms that struck the Australian state of Victoria as a ‘Significant Event’, escalating insurers response for impacted customers.
Concert Group names Thomas Sweeney Chief Credit Officer
Concert Group, a privately owned insurance holding company, has announced the appointment of Thomas G. Sweeney as Chief Credit Officer.