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Markets/Coverages: MGA Aqueous Secures Capacity Deal With Allied World and Sompo

Nov 22 2024 // Aqueous Underwriting, the London-based MGA, has secured major new capacity in a three-year deal with A+ rated insurers Allied World and Sompo. The move to a syndicated capacity arrangement provides the MGA with the...

Former Exec Keating Pleads Guilty to Scamming Allied World Insurance for $1.5M

Jul 31 2024 // A former insurance executive has pleaded guilty to defrauding his former employer, Allied World Insurance Co., of $1.5 million in a scheme involving a shell company, bogus invoices, and vendor kickbacks.James Keating of...

People Moves: Everest Names Buonpane Head of Casualty Specialty, Industry Practices; Allied World Appoints Kranz A&E Lead

Jun 11 2024 // Everest Insurance Names Buonpane to Head of Casualty Specialty Lines and Industry PracticesEverest Insurance North America, headquartered in Warren, New Jersey, hired Stephen Buonpane to the newly created role of senior...

Allied World Sells Majority Stake in High-Net Worth Insurer Vault

Nov 18 2020 // Fairfax Financial Holdings and its subsidiary Allied World Assurance Co. have agreed to sell their majority interests in Florida-based high-net worth insurer Vault E&S Insurance Co. to private equity investor Cornell...

James River Names Former Allied World Executive D’Orazio as CEO, Succeeding Abram

Oct 29 2020 // James River Group Holdings Ltd. announced that Frank D’Orazio has been named chief executive officer of the company, effective Nov. 2, 2020. J. Adam Abram, the company’s founder and current CEO will retire on...

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