Search | The Insurer TV

Aon takes over as People’s Trust broker from COIN Re late in renewal

News

Property catastrophe

Aon takes over as People’s Trust broker from COIN Re late in renewal

Aon has stepped in to place a significantly restructured reinsurance programme for People’s Trust after the Florida carrier parted company with start-up intermediary COIN Re mid-way through the renewal, The Insurer can reveal.

Tue 14 May 2019

Analysis

Cyber

Cyber capacity plentiful despite rising losses

*The first $1bn cyber policy is not far off **Abundant cyber capacity exists despite rising losses and exposures ***Only an event much larger than anything before would impede capacity growth **** Some observers worry a dearth of talent may hold the market back

Mon 13 May 2019

TMR recorded swing back to profit before RenRe deal closed

News

Results

TMR recorded swing back to profit before RenRe deal closed

Tokio Millennium Re AG (TMR) returned to underwriting profit in 2018 after a big loss the year before, a filing as the rebranded RenaissanceRe Europe AG has revealed.

Mon 13 May 2019

CBL directors withdraw opposition to liquidation after bailout attempt fails

News

Legal/ Regulatory

CBL directors withdraw opposition to liquidation after bailout attempt fails

New Zealand-based CBL Corporation has been placed into liquidation by the High Court after the managing directors of the failed insurer withdrew their opposition to liquidate the group.

Mon 13 May 2019

News

Losses

April US storm insured losses top $1bn: Aon

Six severe weather events in the US last month – including two damaging tornado outbreaks – are likely to costs insurers more than $1bn, according to Aon’s latest Impact Forecasting’s Global Catastrophe Recap report.

Mon 13 May 2019

Ardonagh’s Ross and Burton back in court for final day of landmark poaching case

News

Legal/ Regulatory

Ardonagh’s Ross and Burton back in court for final day of landmark poaching case

The ongoing war of words between Gallagher and the Ardonagh Group has finally drawn to a close with CEO David Ross and former Alesco employee Peter Burton recalled to the High Court.

Mon 13 May 2019

News

Results

Maiden swings to Q1 loss

Bermudian carrier Maiden fell into the red in the first quarter of 2019 – posting a net loss of $36.6mn – representing a significant deterioration on the net profit of $13.7mn it posted in the first three months of 2018.

Mon 13 May 2019

JLT Re head of analytics David Flandro resigns

News

People Moves

JLT Re head of analytics David Flandro resigns

Prominent industry analyst David Flandro has become another high-profile defection from JLT Re following the completion of MMC’s $5.6bn acquisition of the UK broker.

Mon 13 May 2019

News

Argo commits to reducing board size ahead of high noon AGM

Ahead of its activist-challenged AGM next week, Bermudian (re)insurer Argo International Holdings Ltd has said it anticipates the size of its board diminishing over the next three years from the current thirteen to ten.

Mon 13 May 2019

News

People Moves

Rob Bredahl set to join TigerRisk

Former Third Point Re CEO Rob Bredahl is set to re-emerge at TigerRisk, The Insurer can reveal.

Mon 13 May 2019

Nasdaq-listed acquisition vehicle seeks next gen insurance company

News

M&A

Nasdaq-listed acquisition vehicle seeks next gen insurance company

Cohen & Co’s blank-cheque start-up is considering a broad range of potential targets in the carrier, distribution, insurtech and ILS space as it looks for a single transaction to buy a company seeking access to the public market for its next stage of development.

Mon 13 May 2019

News

Marine

Axa XL parts ways with senior marine underwriter Newton

Axa XL is understood to have let go of its senior marine underwriter Paul Newton, The Insurer can reveal.

Mon 13 May 2019

News

Liberty leads Lloyd’s e-placement Q1 league table

Liberty Syndicate 4472 has topped the first quarter league table of Lloyd’s adopters of PPL, the e-placing platform that is being rolled out in the London subscription market.

Mon 13 May 2019

News

Voce slams shareholder proxy group ISS over Argo support

With less than two weeks to Argo Group’s AGM, shareholder activist Voce Capital has criticised the influential shareholder proxy firm Institutional Shareholder Services (ISS) following its support for all but one of the NYSE-listed (re)insurer’s board resolutions.

Mon 13 May 2019

THB names Munich Re’s Thurnim as Europe treaty director

News

People Moves

THB names Munich Re’s Thurnim as Europe treaty director

AmWINS-owned (re)insurance broker THB has appointed Zamira Thurnim as treaty director of THB Europe, effective immediately.

Mon 13 May 2019

News

Lloyd’s calls in Banking Standards Board to lead harassment and discrimination survey

The vast majority of workers in the London insurance market will shortly be asked to participate in an independent and wide-ranging survey regarding work culture following the sexual harassment allegations published in a recent Bloomberg BusinessWeek article.

Mon 13 May 2019