Search | The Insurer TV

News

Losses

Losses from Cyclone Eleanor creep to EUR756mn: Perils

Loss aggregation firm Perils has pegged insured losses stemming from extratropical Cyclone Eleanor – also known as Burglind - at EUR756mn ($859.7mn).

Thu 3 Jan 2019

IAG expands 2019 catastrophe reinsurance cover to A$9bn

News

Losses

IAG expands 2019 catastrophe reinsurance cover to A$9bn

Australian carrier IAG has upped its 2019 cat reinsurance program to A$9bn ($6.27bn), an increase of A$1bn from the cover it had in place last year.

Thu 3 Jan 2019

R&Q signs first new 2019 European program deal with CPD

News

Legacy

R&Q signs first new 2019 European program deal with CPD

Randall & Quilter Investment Holdings Ltd (R&Q) has unveiled its first new program partnership transaction in 2019 with the UK personal lines MGA CPD Underwriting Solutions Ltd.

Thu 3 Jan 2019

Comment

Rates

1.1s: It’s all about the C word...

Willis Re and JLT Re published their reviews of the 1.1 renewal season today and, on first read, it is difficult to match their analysis with the “hardening” predictions heard with increasing confidence in Q4 2018 by underwriters.

Wed 2 Jan 2019

News

AmTrust swaps Maiden for Swiss Re on US small commercial business quota share

AmTrust has dropped Maiden to enter into a quota share agreement with Swiss Re.

Wed 2 Jan 2019

News

Rates

ILS feeling the squeeze at 1.1

For the first time in a decade, it looks as if the ILS market is feeling the squeeze, with investors pulling back capital at 1.1.

Wed 2 Jan 2019

Arch completes takeover of The Ardonagh Group’s UK commercial lines business

News

M&A

Arch completes takeover of The Ardonagh Group’s UK commercial lines business

Arch Insurance Europe has completed the acquisition of the UK commercial lines business owned by The Ardonagh Group.

Wed 2 Jan 2019

Reinsurance markets divided at 1.1: Willis Re

News

Rates

Reinsurance markets divided at 1.1: Willis Re

*Divided reinsurance markets ** Europe cat flat to down; US upwards *** Upwards pressure in certain specialty markets **** Casualty reinsurance rates climbing ***** ILS/retro dislocation

Wed 2 Jan 2019

JLT Re global cat index dips 1.2 percent at 1.1

News

Results

JLT Re global cat index dips 1.2 percent at 1.1

Average global property cat reinsurance rates tracked by JLT Re actually fell by 1.2 percent at 1.1 despite the industry’s $80bn+ of 2018 losses.

Wed 2 Jan 2019

AIG completes acquisition of Ellipse from Munich Re

News

M&A

AIG completes acquisition of Ellipse from Munich Re

US giant AIG has completed its takeover of UK life insurer Ellipse from Munich Re.

Mon 31 Dec 2018

The Hanover profits as Chaucer’s sale to China Re completes

News

M&A

The Hanover profits as Chaucer’s sale to China Re completes

China Re has completed its $950mn acquisition of Lloyd’s insurer Chaucer Holdings after receiving UK regulatory approval, the state-controlled reinsurer announced today.

Mon 31 Dec 2018

News

Tightened ILS capacity to feature throughout 2019

On the eve of the 1.1 renewals, (re)insurance executives gathered in Bermuda for a roundtable hosted by The Insurer and EY earlier this month discussed the issues that have been dominating conversations across the industry in recent weeks – with the outlook for the ILS market and the likelihood of a retro crunch coming out hot topics…

Fri 28 Dec 2018

Enstar completes Maiden Re North America deal

News

M&A

Enstar completes Maiden Re North America deal

Enstar has completed its $272.4mn purchase of Maiden Re North America.

Fri 28 Dec 2018

Aspen Insurance promotes Carlson to head of US property

News

People Moves

Aspen Insurance promotes Carlson to head of US property

Aspen Insurance – the insurance segment of Bermudian carrier Aspen – has promoted Chris Carlson to the position of executive vice president, head of US property.

Thu 27 Dec 2018

Rokstone swoops on Axa XL for Simone as US drive continues

News

People Moves

Rokstone swoops on Axa XL for Simone as US drive continues

Rokstone Underwriting - the London-headquartered MGA that has D&F underwriting expert Les Rock as a non-executive director - has appointed Michael Simone as president of its Construction Risk Underwriters business in the US.

Fri 21 Dec 2018

News

Legal/ Regulatory

Danish insurer Qudos declared bankrupt

Unrated Danish insurer Qudos Insurance has confirmed it has been declared bankrupt.

Fri 21 Dec 2018