Search | The Insurer TV

News

Legacy

R&Q inks self-insured legacy and workers comp deal

London-listed R&Q is to provide full finality to an unnamed California-based self-insurer though its newly rebranded program underwriting division Accredited.

Wed 28 Nov 2018

News

AIG sets 35% cede on groundbreaking environmental QS

AIG has sent firm order terms (FOTs) for its environmental quota share to reinsurers with a 35 percent cede, Re-Insurance revealed yesterday to its premium subscribers.

Wed 28 Nov 2018

AmTrust $2.95bn take-private deal gets regulatory approval

News

Results

AmTrust $2.95bn take-private deal gets regulatory approval

AmTrust’s $2.95bn take-private deal with Stone Point Capital is set to close on Thursday (29 November) after the insurer announced yesterday evening that the transaction has been given the green light by regulators.

Wed 28 Nov 2018

Comment

AIG’s 25% giant casualty cede could be a watershed moment...

The firm order terms (FOTs) on AIG’s huge core US casualty quota share may be seen as a watershed moment for reinsurers and their prospects of improving economics at the upcoming 1.1 renewal.

Tue 27 Nov 2018

News

AIG sets 25% cede on giant casualty QS

AIG and its broker Aon have put out firm order terms (FOTs) on the insurer’s new core US casualty quota share that include a 25 percent ceding commission and 1 percent brokerage, Re-Insurance can reveal

Tue 27 Nov 2018

Lloyd’s appoints Christian Noyer to Council and Brussels’ board

News

Brexit

Lloyd’s appoints Christian Noyer to Council and Brussels’ board

Former French central bank governor Christian Noyer has been appointed non-executive director of the Lloyd’s Council, and independent non-executive director of Lloyd’s Brussels’ with effect from 2 November.

Tue 27 Nov 2018

News

Losses

Cali wildfire property losses estimated at $15bn to $19bn

The Camp and Woolsey wildfires which devastated California over the past two and a half weeks could cause $15bn to $19bn in residential and commercial losses, according to the property mapping firm CoreLogic.

Tue 27 Nov 2018

Patrick Tannock

CEO Bermuda, Axa XL

Tue 27 Nov 2018

News

Danish insurer Qudos enters liquidation as M&A dispute gears up

New Nordic suing former owners Echelon for Eur 45.8mn following failure of settlement talks.

Tue 27 Nov 2018

Cordelia Davis

Partner, EY Bermuda

Tue 27 Nov 2018

Marsh receives regulatory green light for captive management in UAE

News

Captives

Marsh receives regulatory green light for captive management in UAE

Global broker Marsh is to provide captive management across the United Arab Emirates after being granted the first licence to provide such services by Abu Dhabi’s regulator.

Tue 27 Nov 2018

Axa takes full control of Chinese venture

News

M&A

Axa takes full control of Chinese venture

French insurer Axa has to entered into an agreement to acquire the remaining 50 percent that it didn’t already own of Axa Tianping Property & Casualty Insurance Company for Eur584mn.

Mon 26 Nov 2018

News

Losses

Munich Re incurs major Ituango dam loss

Munich Re has incurred a substantial Ituango dam loss despite not being on original placement and was the principal reason for missing a Q2 P&C consensus earnings target by almost Eur300mn, Re-Insurance can reveal.

Mon 26 Nov 2018

TigerRisk Capital Markets hires Stephen Fromm

News

People Moves

TigerRisk Capital Markets hires Stephen Fromm

TigerRisk Partners has named Stephen Fromm as Vice Chairman of TigerRisk Capital Markets & Advisory - its risk, capital and strategic advisory arm.

Mon 26 Nov 2018

Ardonagh debt weighs heavily as UK broker sells assets

Analysis

M&A

Ardonagh debt weighs heavily as UK broker sells assets

*Debt yielding circa 11 percent ** New $235mn bond takes issuance beyond £1bn *** Acquires Nevada 3 assets at near 30 percent premium to cost

Mon 26 Nov 2018

Browne named AGCS UK CEO as Kirwan steps down

News

People Moves

Browne named AGCS UK CEO as Kirwan steps down

Allianz Global & Corporate Specialty (AGCS) UK CEO Brian Kirwan is set to step down at the end of 2018 and be replaced by chief regions and markets officer Sinéad Browne.

Mon 26 Nov 2018