Reinsurance News
Core Specialty
Core Specialty names Evan Cabat as SVP, CFO
3rd November 2025
Insurer Core Specialty Insurance Holdings, Inc. and its subsidiaries have appointed Evan Cabat as Senior Vice President (SVP), Chief Financial Officer (CFO), effective immediately. Cabat brings nearly two decades of financial leadership to his role. Most recently, he was the Chief Accounting Officer at Bermuda-domiciled insurer and reinsurer, SiriusPoint Ltd. Prior ... Read the full article
Core Specialty adds Patrick Gordon to its Board
29th May 2025
Core Specialty Insurance Holdings, Inc. and its subsidiaries have appointed Patrick Gordon to the company’s Board of Directors, effective immediately. Gordon replaces Marc Stad on the board, who has served as a Director Designated by Dragoneer Investment Group, since the Core Specialty’s recapitalisation in November 2020. The company stated that both the ... Read the full article
Core Specialty completes London Aviation Underwriters acquisition
20th January 2025
Insurer Core Specialty has announced it has completed the acquisition of London Aviation Underwriters, Inc. (LAU) in an undisclosed transaction. founded in 1980 by Michael E. Charlesworth, LAU handles general aviation risks, airport premises liability, and non-owned aircraft liability throughout the US. This transaction brings the company into Core Specialty's aviation and ... Read the full article
Core Specialty agrees renewal rights transaction with Argo
7th January 2025
Insurer Core Specialty and its subsidiaries have entered into a series of transactions with certain subsidiaries of Argo Group International Holdings to acquire the renewal rights and related unearned premium reserves for a significant portion of Argo’s professional lines business, Argo Pro. The Argo Pro business provides professional lines insurance products ... Read the full article
Core Specialty enters contract surety market following American Surety acquisition
12th September 2024
Core Specialty Insurance Holdings and its subsidiaries have announced the expansion of its surety offerings by entering the contract surety market. The firm’s new Surety division, part of its Bond, Credit & Guarantee subsegment, was established on November 1, 2023. American Surety Company became a subsidiary of Core Specialty ... Read the full article
Credit ratings of Core Specialty subsidiaries upgraded by AM Best
28th August 2024
As specialty insurer Core Specialty Insurance Holdings, Inc.'s product and geographical diversification continues to improve on the back of acquisitions and organic growth initiatives, AM Best has upgraded the credit ratings of its subsidiaries. The global credit rating agency has upgraded the Financial Strength Rating (FSR) to A (Excellent) from A- ... Read the full article
Core Specialty completes acquisition of American Surety Company
4th June 2024
Property and casualty (P&C) insurer Core Specialty has completed its acquisition of American Surety Company (ASC) and Underwriters Surety, Inc. If you recall, the acquisition was first announced in November 2023. The completed acquisition establishes Core Specialty’s 17th specialty business unit, adding to the Bond, Credit & Guarantee subsegment, and also ... Read the full article
Core Specialty adds ex-Goldman Sachs veteran Sally Pope Davis to its Board
31st May 2024
Core Specialty Insurance Holdings, and subsidiaries, have announced the addition of Sally Pope Davis to its Board of Directors, effective immediately. Jeff Consolino, Core Specialty’s Founder, President, and Chief Executive Officer, said, "We have come to know Sally during her time at Goldman Sachs Asset Management where, during her tenure, she ... Read the full article
Core Specialty partners with Open Lending to provide credit default insurance
21st May 2024
Open Lending Corporation, a key player in automotive lending enablement and risk analytics solutions, has partnered with Core Specialty Insurance Holdings, Inc. This partnership aims to enable Core Specialty to provide credit default insurance policies for Open Lending’s Lenders Protection platform. Chuck Jehl, Interim Chief Executive Officer, Open Lending, commented, "One of ... Read the full article
Core Specialty highlighted as Duck Creek’s first customer transacting its Cloud-based SaaS solution
2nd April 2024
Core Specialty has been highlighted as being Duck Creek Technologies' first customer transacting its Duck Creek OnDemand subscription on Microsoft’s commercial marketplace to use its existing Microsoft Azure Consumption Commitment (MACC). In a press release, it notes that Core Specialty recognises the strategic value of acquiring software-as-a-service (SaaS) products through the ... Read the full article
Core Specialty announces Specialty Markets Group transfer from American National
1st March 2024
American National Group is to transfer Specialty Markets Group (SMG), a writer of credit-related insurance products based in the US, to Core Specialty. Mark Walker will join Core Specialty as President of the newly formed Financial Services Division, which will operate as Core Specialty’s 16th specialty business unit within its Bond, ... Read the full article
Core Specialty to invest in Gramercy Risk Holdings, appoints two directors to board
2nd February 2024
Specialty insurer Core Specialty Insurance Holdings, Inc., along with its subsidiaries, has signed a purchase agreement to make a minority investment in Gramercy Risk Holdings, LLC, which provides property and casualty insurance programs for specialty classes of business, including New York Contractors. The funds from the investment are planned to be ... Read the full article
Core Specialty completes acquisition to form Medical Stop-Loss Division
4th December 2023
Core Specialty Insurance Holdings, Inc. and its subsidiaries has completed its acquisition of the MGU/Stop-Loss business of American National Group (ANAT). The acquisition was previously announced in June earlier this year. As a result, this acquisition marks Core Specialty’s 14th Specialty Business Unit. It has also been confirmed that Jim Stelling has ... Read the full article
Core Specialty announces acquisition of American Surety
2nd November 2023
Property and casualty insurer Core Specialty will acquire American Surety in a stock and cash transaction, marking the firm's formation of a Bond, Credit & Guarantee subsegment, alongside other subsegments Property & Short-Tail, Specialty Casualty, and Fronted Programs. Once the deal completes, which is expected in Q1 2024, American Surety will ... Read the full article
Core Specialty to acquire Conifer’s Security & Alarm Business
15th September 2023
Core Specialty and its subsidiaries have entered into a series of transactions with Conifer Holdings to acquire Conifer’s Security & Alarm Business. Core Specialty explained that the Security & Alarm Business provides general liability, excess/umbrella, and selected other coverages to the niche Security Guards, Alarm Contractors, Private Investigators, and Trade Contractors ... Read the full article
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