Insurance news

• Exor completes $6.9bn PartnerRe takeover

  19-03-2016 01:31
  Italian investment vehicle Exor today (18 March) completed its
  acquisition of Bermudian carrier PartnerRe, bringing to a close a
  14-month period during which its ownership has been in
  question.
  Exor struck a deal to acquire PartnerRe in August last year,
  overcoming opposition from Bermudian carrier Axis, which had
  previously agreed a deal to buy the pure-play reinsurer.
  Exor will pay $6.9bn, or $140.50 a share, which comprises a
  $137.50 per share cash consideration and the $3.00 pre-close
  divide
  
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• Channel hires Watson as A&H head

  19-03-2016 01:31
  Scor-owned the Channel Syndicate has hired Gavin Watson from Sompo
  Canopius as its head of accident and health (A&H),
  The Insurance Insider can reveal.
  Watson replaces Neil Whitbread, who left the firm to launch
  Ascot's A&H business in December last year.
  He will report to active underwriter Tom Corfield.
  Watson was head of international A&H at Lloyd's peer
  Sompo Canopius, having originally joined the firm in 2006 after
  Canopius acquired his former employer Creechurch Underwriting.
  T
  
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• AmTrust frontrunner to acquire ANV

  19-03-2016 01:31
  Distressed M&A specialist AmTrust looks the likeliest
  acquirer of troubled Lloyd's insurer ANV as the carrier's
  auction process draws to its close, The Insurance
  Insider can reveal.
  Sources said that the serial acquirer was one of the final
  bidders in the process, along with New York-listed carrier
  Argo.
  A range of carriers have been linked with bids for ANV, which is
  owned by Ontario Teachers' Pension Plan, but most have fallen
  away.
  ANV is understood to have effective net tangible...
  
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