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Chestnut Hill nears launch of captive initiative

Chestnut Hill Insurance Group is finalising preparations for the launch of its innovative group/agency captive

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Guttenberger joins Alliant Insurance Services as Vice President

Based in Houston, Guttenberger brings expertise in risk management, with a national focus on delivering strategic solutions for businesses across a range of industries

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Sentry Insurance closes US$1.7 billion acquisition of The General

Sentry Insurance has completed its acquisition of The General, a provider of non-standard auto insurance, from American Family Insurance

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Peed to lead RIMS in 2025 term

Kristen Peed is currently head of corporate risk at Sequoia, a human resources technology platform and advisory services company

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Guy Carpenter: Excess capacity drives property catastrophe rate cuts

Property catastrophe renewals on 1 January were oversubscribed as reinsurer appetite exceeded demand, leading to risk-adjusted rate reductions of 5-15 per cent for non-loss-impacted programmes

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Clawson named as Global Placement Leader at Marsh Asia

Based in Singapore, Brent Clawson has been working at Marsh Asia since 2023, previously as insurer consulting group leader

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Bigglestone appointed Acting Commissioner of Vermont DFR

Sandy Bigglestone will become acting commissioner of the Vermont Department of Financial Regulation (DFR) at the start of 2025, following commissioner Kevin Gaffney’s retirement

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RiverStone closes loss portfolio transfer deal with Zurich

The deal covers Zurich’s French discontinued motor and architects & engineers (A&E) professional indemnity portfolios

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Aviva to acquire Direct Line in £3.7 billion deal

Aviva has reached an agreement to acquire Direct Line Insurance Group in a £3.7 billion (US$4.63 billion) cash-and-stock deal

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Reith joins Acrisure as Executive Chairman of its MGA Volante

Acrisure has onboarded Martin Reith as executive chairman of its Lloyd’s business with managing general agent (MGA) operations, Volante Global

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Bermuda licenses three new captives in November

The newly licensed captives are Magna Insurance Bermuda, Structured Risk Mitigation Solutions and Schwarzchild

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DARAG completes sale of regional business entities

DARAG Group has completed the sale of its North American and Bermuda business entities to the RiverStone Group

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