All News articles – Page 168
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Further consolidation of European insurers expected
After a number of transformative deals in 2018, and organic growth difficulties, increased consolidation of European insurers is expected in 2019 – finds a Moody’s report
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Five emerging trends and 15 emerging risks for re/insurers in 2019
A clash between digitalisation and legacy hardware, climate change, the rise of 5G, genetic testing and fiscal flexibility - all listed as key emerging risks in Swiss Re’s latest Sonar report
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New reinsurance buyer joins Brit from Aviva
The insurer has appointed a new head of outwards reinsurance, reporting to the CUO
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MS Amlin buys a stake of MGA Envelop
Providing capital to the cyber risk MGA since last year, MS Amlin has now bought a minority holding in the Bermudian start-up entity
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Bermuda welcomes its removal from EU offshore tax blacklist
Brussels’ decision to remove Bermuda from its list of non-cooperating tax jurisdictions has been welcomed by the island re/insurance hub’s industry stakeholders
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Third Point CEO responds to AM Best’s negative outlook update
Dan Malloy, CEO of Bermudian reinsurer Third Point Re, responded to the rating agency’s views
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Arig ceases its underwriting operations, Central Bank of Bahrain confirms
A review by the regulator last month revealed “glaring deficiencies in the company’s governance framework”
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Growth slowing for US cyber market - Fitch report
The industry’s total direct written cyber premiums grew 8% in 2018 to $2bn, according to the rating agency
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Bredahl quits Third Point to take TigerRisk president and COO job
Rob Bredahl leaves his post of president and CEO at Bermuda-based hedge fund reinsurer Third Point Re
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Once-in-a-generation chance to address skills shortage, LMG report urges
A new report from the London Market Group is a rallying cry to address the skills challenge facing London’s re/insurance market
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Insurtech investment smashes previous records in Q1
Willis Towers Watson recorded 85 insurtech deals worth $1.42bn announced in the first three months of 2019
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Phoon leaves Canopius to lead Munich Re in Singapore
Reinsurer Munich Re has appointed Linus Phoon as CEO of its Singapore branch, leading its Southeast Asian operations
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AFL appoints UK CEO and prepares for North America expansion
Independent Lloyd’s broker AFL promotes its chief commercial officer to lead its UK business
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Epic reshuffle as Guy Carp digests JLT Re acquisition
Guy Carpenter announces a slew of senior appointments across its leadership team, amid some senior exits from acquired rival reinsurance broker JLT Re
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Atkin steps down at AIG’s Talbot; new ex-Marsh chairman appointed
Talbot Group, AIG’s Lloyd’s of London business, has announced its founding chairman Rupert Atkin is to step down from the role
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Six ideas unveiled in Lloyd’s “bold new strategy”
CEO John Neal has unveiled his future strategy for Lloyd’s, focused on six “transformational initiatives” as well as a commitment to lower costs and simplify doing business
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Capital deployment 5% down among reinsurers - Aon
A drop of $13bn in capital deployed among the 23 major reinsurers making up Aon’s Reinsurance Aggregate was recorded at the end of last year
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Catlin back in the game to launch startup re/insurer Convex
Paul Brand and Stephen Catlin have launched a $1.8bn re/insurance start up, named Convex
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The risk landscape's shift away from easily insured threats
Politics, protectionism and unpredictability are adding to uninsurable aspects of the commercial risk landscape, according to Aon
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Three insurers launch reputational risk consortium
A new London market consortium will offer insurance and crisis management solutions to mitigate reputational risk, with Beazley at the head of the slip