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Weekly news: AmTrust's new quota share deal; reinsurance renewals lackluster


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Weekly news: AmTrust's new quota share deal; reinsurance renewals lackluster

Property and casualty

AmTrust Financial Services Inc. entered into a new quota share agreement with Swiss Re AG on its U.S. small commercial business for 2019, which totals about $2.9 billion in projected written premiums.

Arch Capital Group Ltd. unit Arch Insurance Europe completed the acquisition of the U.K. commercial lines business owned by insurance broker The Ardonagh Group Ltd. and part of its Geo Underwriting operating segment.

Nationwide Mutual Group acquired New Jersey-based privately held program manager E-Risk Services LLC in a deal that closed Jan. 1. Terms were not disclosed.

California Insurance Commissioner Dave Jones issued a regulation prohibiting insurers from using gender as a factor when they set rates for private passenger auto insurance in the state, effective Jan. 1.


American International Group Inc. announced that AIG Life Ltd., a U.K.-based subsidiary of AIG Life & Retirement, completed the acquisition of Ellipse from Munich Re Co.

Life and Health

Western & Southern Financial Group Inc. closed its $1.55 billion acquisition of Gerber Life Insurance Co. from Nestlé SA on Dec. 31, 2018.


Major natural disaster losses in 2018 failed to boost reinsurance prices overall at Jan. 1 renewals according to reinsurance brokers, although there were isolated increases in certain lines of business affected by losses.

Managed Care

UnitedHealthcare Community Plan of Iowa appointed Alissa Weber as CEO, effective Jan. 15, The Gazette reported.

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