INSURANCE

Higginbotham swoops for top Florida agency

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“That’s why the relationship with Higginbotham was such an obvious choice,” he said. “When we learned about their values and their culture, it was a perfect fit. They’re also bringing in terrific opportunities for our team, as well as training, education and wellness programs. And they’re employee-owned, so our employees are gaining equity in a … Read more

Vesttoo case: Cell control & responsibility for collateral security raised again

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It’s increasingly clear that the ongoing difference of opinion over ownership or control of property rights to segregated cells and accounts linked to them, that were used for reinsurance deals facilitated by Vesttoo where letters of credit (LOC) were found to be fraudulent or forged, will need a definitive court ruling to be decided.It’s important … Read more

Prudent underwriting can expand investor interest in ILS: Twelve Capital’s Grandi

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Investor interest in insurance-linked securities (ILS), particularly on the private ILS and reinsurance side of the market, can be enhanced with a continuation of the prudent approach to underwriting currently being seen, Marcel Grandi, Head of ILS Sourcing at Twelve Capital told us.Grandi of Twelve Capital, the Zurich-headquartered insurance-linked securities (ILS), catastrophe bond and reinsurance … Read more

Apollo / Athene get ratings for ACRA 2 sidecars, $4bn+ commitments targeted

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The latest vintage of the life and annuity focused reinsurance sidecar structure launched by Athene Holding Ltd., the life and retirement reinsurance company majority owned by investor and private equity specialist Apollo Global, has received its ratings and we understand the investor commitments to it are expected to roughly double.Back in February 2023 we wrote … Read more

BMS closes on growth capital investment, names Emmanuel Clarke as chairman

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Independent insurance and reinsurance broking group BMS has announced the completion of its growth capital investment from global investor Eurazeo, while also naming former PartnerRe CEO Emmanuel Clarke as its chairman.In a deal originally announced last December, Eurazeo has now invested £355 million in BMS Group, acquiring 34% of its share capital, becoming investors in … Read more

New chairman joins BMS Group

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New chairman joins BMS Group | Insurance Business America Insurance News New chairman joins BMS Group Investment completion also announced Insurance News By Terry Gangcuangco BMS Group has appointed Emmanuel Clarke as chair of the specialist (re)insurance broker. Clarke, whose credentials include time spent as president and chief executive of PartnerRe, succeeded John Hastings-Bass on … Read more