Hamilton Insurance Group Ltd., the reinsurer that counts Sanford “Sandy” Weill as non-executive chairman, acquired two units from Prem Watsa’s Fairfax Financial Holdings Ltd. as part of a push into primary coverage. Hamilton acquired Valiant Insurance and Valiant Specialty Insurance, …
If you’re going to successfully operate a relatively new reinsurance company in these troubled times, you better know what you’re doing. Fortunately Bermuda-based Hamilton Re would seem to pass muster. Firstly, it’s not a start-up. Hamilton Re is the successor …
Hamilton Insurance Group Ltd., the reinsurer that counts Sanford “Sandy” Weill as its chairman, hired Bob Deutsch as chief strategy officer to lead an expansion that could include takeovers. Deutsch, a managing director at GCP Capital Partners Holdings LLC, will …
Steven A. Cohen, the billionaire founder of SAC Capital Advisors LP, agreed to sell a reinsurer he formed in 2012 after the hedge fund firm reached a $1.8 billion deal to end a criminal investigation. A group led by former …
Steven A. Cohen, the billionaire founder of SAC Capital Advisors LP, agreed to sell a reinsurer he formed in 2012 after the hedge fund firm reached a $1.8 billion deal to end a criminal investigation. A group led by former …
Marsh & McLennan Cos., the biggest insurance broker by market value, has climbed to a 9-year high, bouncing back from the plunge that followed then-New York Attorney General Eliot Spitzer’s lawsuit against the company. The broker has rallied 35 percent …
The Insurance Industry Charitable Foundation (IICF) Northeast division made its largest-ever distribution of charitable grants at its sixth annual benefit dinner on Wednesday, Dec. 12. The total amount of awarded grants is $960,000. David Brinkman, chair of the IICF Northeast …
Marsh & McLennan Companies’ CEO Brian Duperreault has been named chairman of the Federal Advisory Committee on Insurance (FACI). His appointment was confirmed last Friday by Federal Insurance Office (FIO) Director Michael McRaith at the committee’s first meeting.FACI was formed …
Nevada Insurance Commissioner Brett Barratt has rejected a proposal to impose fees on risk retention groups (RRGs) that the National Risk Retention Association said would violate the federal Liability Risk Retention Act of 1986 (LRRA). The LRRA, a federal law, …
Insurance broker Marsh’s revenue in the third quarter of 2010 rose 9 percent to $1.1 billion. Marsh’s revenue growth in the United States / Canada was 3 percent in the quarter; international operations rose 2 percent, reflecting growth of 4 …
