IFRS 17 unlikely to directly affect (re)insurers ratings...
Economic substance of their balance sheets will not change, Fitch Ratings says
Tysers acquires Cosmos UK and International Practice...
Acquisition of London based commercial lines business
Cunningham Lindsey expands Brazilian operations...
Loss adjuster swoops to bolster team
Pioneer builds out US E&S property team...
Kellie Reese joins from The Hartford
CoreLogic: 86,000 homes could be affected...
Southern Cali fires continue
Korea Re closes Lloyd’s SPA...
Beazley syndicate into run-off
JLT is at risk of falling foul of reforms aimed at improving accountability of the largest UK companies.
Marsh has appointed Paul Moody to be CEO of its UK Specialties Division. Moody succeeds Roy White in the role, who has been named Chairman of UK Specialties.
The London insurance market must innovate in order to win marine business over local markets, senior industry executives have said.
Dominic Enderby, Marsh’s Marine UK Placement Leader, is one of the most prominent market figures likely to leave the broking giant following a recent reorganisation, Reinsurance understands.
Fidelis, the Bermudian (re)insurer has taken an equity stake in a new MGA and will be providing underwriting capacity.
Senior industry executives gathered at Reinsurance's ‘The Future of Cargo Insurance and Risk’ roundtable have called on Lloyd’s to do more to improve the distribution of data across the market.
Leading Lloyd’s (re)insurer Brit is poised to launch a $100mn capacity Bermuda-based collateralised reinsurance vehicle, Sussex Capital, that will write both third-party collateralised reinsurance and provide collateralised capacity to Brit’s Lloyd’s Syndicate 2987, Reinsurance can reveal.
Ed Gooda, the head of claims at Tokio Millennium Re's UK branch office, has resigned from the company, Reinsurance can reveal.
Former Axis Capital and RenaissanceRe executive Jay Nichols has joined the Board of Brit Ltd's new $100mn collateralised Bermuda reinsurer, Sussex Capital.
The largest London Market wholesale brokers are lobbying the U.K regulator to ease the deadline to respond to a detailed scrutiny of practices relating to market facilities, commission arrangements and relationships with (re)insurers.
The ILS fund manager, Leadenhall Capital Partners, increased its assets under management to a new record size of $4.5bn last week but acknowledged that brokers determination to negotiate hard ahead of the 1.1 renewals prompted the firm to rein in some new capital flows ahead of closing its books.
As the industry reeled from AIR Worldwide’s initial $85bn high-end loss estimate for Hurricane Maria in late September, few would have thought the then sporadic California wildfires that began a few days later might ultimately lead to insured losses that approach or even exceed Maria’s event loss total.
AIG is understood to be the lead insurer on a $149mn claim following an incident that left a dancer paralysed at O’Hare airport, Chicago.
The Prudential Regulation Authority (PRA) encouraged UK (re)insurers to be aware of the limitations of vendor cat models.
Australian insurer IAG has signed up to three quota share deals with European reinsurers Munich Re, Swiss Re and Hannover Re.
Despite the consolidation that has taken place in the reinsurance industry in the past two years, UK insurers dependency on any one specific carrier has “fallen marginally” since 2015.
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance, intends to redomicile its insurance company from the UK to Luxembourg, while maintaining its substantial London presence.
David Cole is to step down from Swiss Re from his role of Group Chief Financial Officer at the end of March 2018.
Did Angerstein spy fist-pumping over at Aon Benfield following the news last week that Charlie Fry has joined insurance powerhouse AIG to lead its reinsurance buying? READ MORE
As Irma flattened swathes of the Caribbean and was barrelling its way to Florida, industry CEOs were carefully on message in emphasising the human cost of catastrophes. Apart from a curiously off message Lloyd’s CEO Inga Beale... READ MORE
Angerstein was delighted by Reinsurance’s exclusive article earlier
this week that Integro is now in pole-position to acquire the London
market broker ...READ MORE
Traditionally one of the earliest 1.1 cat reinsurance programmes to go firm order is Farmers’ US cat treaty. The US heavyweight, managed as a mutual by Zurich, wrote $19.7bn of gross premium last year...