Commercial E&S

Former director of performance management at Lloyd's Tom Bolt has been signed up by AIG as chief underwriting officer for its general insurance division.

Hudson Structured Capital Management (HSCM) has invested alongside Allied World in a high net worth (HNW) insurance start-up Vault, sister publication The Insurance Insider reported.

The first Hurricane Irma loss estimates released by UPC Insurance and others suggest that the private residential insured loss from the storm could be less than $5bn

DE Shaw has sold down part of its stake in Bermuda specialty reinsurer James River, netting $167.5mn.

Lloyd's insurer Novae said its special purpose arrangement (SPA) launched with ILS fund manager Securis was a significant factor behind growth in the first quarter, as it reported a 25.5 percent increase in gross written premiums to £324.9mn ($421.6mn)

Managing general agency (MGA) Ventus Risk Management has signed up a top five ILS manager to provide it with capacity for its portfolio of small-to-medium-size enterprise commercial US insurance business

Arcus Syndicate 1856 turned a small loss of £1.48mn in its first year of operation, as the Credit Suisse-backed syndicate built up a diverse portfolio of business, including cyber and energy risks.

Liberty Mutual's new Limestone Re sidecar could pave the way for further disintermediation in the (re)insurance sector, a Standard & Poor's (S&P) insurance analyst said at the Sifma IRLS conference in Miami last month

Liberty Mutual's new Limestone Re sidecar could pave the way for further disintermediation in the (re)insurance sector, though many primary insurers may not be sophisticated enough to follow its lead, a Standard & Poor\'s (S&P) insurance analyst said today at the Sifma IRLS conference in Miami.

Orchid Underwriters has set up a partnership with programme insurer Spinnaker to offer admitted insurance cover to US coastal homeowners.

Liberty Mutual has agreed to buy specialty insurer Ironshore from Fosun in a deal that values the company at around $3bn or 1.45x tangible book value.

The new owners of United Insurance Company are looking to expand the Cayman carrier's remit to front US insurance business for alternative and traditional market reinsurance partners, sister publication The Insurance Insider revealed.