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AIG said that the AlphaCat asset management franchise was one of the attractions of its $5.56bn bid for Bermudian (re)insurer Validus Group.
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Lincoln Financial Group has agreed to purchase Liberty Life Assurance Company of Boston from Liberty Mutual for $3.3bn.
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Renaissance Re has made a minority investment in run-off specialist Catalina, it confirmed in a press release yesterday.
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Private equity firm Stone Point Capital is backing the bid by the founding family of AmTrust to buy out the company's other shareholders and take the beleaguered company private in a $1.37bn transaction.
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Legacy manager Armour has confirmed that an investor group led by Aquiline Capital Partners has raised $500mn to finance a takeover of the firm, following earlier reports of the deal.
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Run-off specialist Armour has been bought by private equity house Aquiline, sister publication The Insurance Insider has reported
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Leadenhall-backed Gryphon Group Holdings is to take on the Guardian brand name for its start-up which plans to take a technology-focused approach to providing life insurance products
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Canadian institutional investor Caisse de dépôt et placement du Québec (CDPQ) will invest $400mn in Hyperion to take a significant minority stake in the firm, in its second major insurance broking investment of the year.
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Florida insurer Federated National has agreed to buy out joint venture partner Crosswinds' stake in Monarch Delaware, the parent of Monarch Insurance.
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Chandler CEO Steven Butler and senior administrator Beverly Hodkin are to join Artex Risk Solutions' existing captive and insurance management team in the Cayman Islands following Artex's acquisition of the company
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Hurricane Maria is expected to cost Lloyd's insurers $900mn, the corporation said today as it revised down its combined loss estimate for hurricanes Harvey and Irma.
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The Hartford has agreed to acquire Aetna's US group life and disability business in a $1.45bn deal that it said would make it the second largest group life and disability insurer in the US market with approximately $5bn in expected earned premium.