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VC firms could help industry

Insurance industry insiders have backed the influx of capital into various aspects of the market, de...

Insurance industry insiders have backed the influx of capital into various aspects of the market, despite the negative publicity that venture capitalists (VC) and private equity (PE) firms have received recently.

Since 2005, nearly £1.5bn has been invested in the insurance industry via VC and PE funds. Every type of firm from IT providers and brokers, such as Towergate and Alexander Forbes, to underwriters and insurers, such as Hyperion, have all been involved in re-financing deals or buyouts

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AIG adds Clifford after Neal U-turn

American International Group has appointed Adam Clifford as CEO of international commercial insurance as he rejoins the insurer in the latest leadership development since the recruitment of John Neal was called off.

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