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Generali shares rise on new strategic plan

Italian insurance heavyweight Generali has pledged to pay higher dividends while unveiling a plan today to extend its global reach into the higher-growth markets of Asia and Latin America.

Wed 21 Nov 2018

News

Losses

Swiss Re estimates 2018 insured nat cat losses at $60bn

The (re)insurance industry is currently on course to incur circa $60bn of insured losses from 2018 cat events, according to Swiss Re’s head of insurance research.

Tue 20 Nov 2018

JLT Re chairman Howard to take Guy Carpenter role

News

People Moves

JLT Re chairman Howard to take Guy Carpenter role

MMC is unveiling the next wave of integration ahead of the completion of its £4.3bn JLT acquisition next year with the appointment of JLT Re chairman Ross Howard to the post of Guy Carpenter vice chairman, while JLT Re CEO Mike Reynolds exits the intermediary.

Tue 20 Nov 2018

The ILS juggernaut faces a bump in the road

Analysis

Losses

The ILS juggernaut faces a bump in the road

It looks increasingly likely that the vast ILS market – estimated to have grown to a new record size of $98bn – will now plateau or even shrink slightly at year-end.

Tue 20 Nov 2018

News

DARAG acquires US joint venture partner SOBC

Ambitious European legacy firm DARAG has consolidated its US platform by acquiring the shares of its joint venture partner, SOBC Services.

Tue 20 Nov 2018

AXA XL buys out Stone Point and Mitsui interests in New Ocean

News

M&A

AXA XL buys out Stone Point and Mitsui interests in New Ocean

AXA XL has taken its majority-owned asset management arm New Ocean Capital Management in-house with a deal to buy-out minority interests held by Stone Point and Mitsui.

Tue 20 Nov 2018

News

Beazley, AEGIS and Allied World lead first-ever PPL league table

Syndicates managed by Beazley, AEGIS and Allied World lead the first published league table of Lloyd’s adopters of PPL, the e-placing platform that is being rolled out in the London subscription market.

Tue 20 Nov 2018

News

People Moves

WTW unveils new chairman

Victor Ganzi, the president of the PGA Tour and former CEO of US media conglomerate Hearst Corp, will replace James (Jim) McCann as chairman of the Willis Towers Watson (WTW) Board from 1 January 2019.

Mon 19 Nov 2018

Ryan Group MGA Lodestar in talks with new capacity after RSA withdrawal

News

Marine

Ryan Group MGA Lodestar in talks with new capacity after RSA withdrawal

Lodestar Marine Ltd, the London-based fixed premium P&I MGA, is negotiating with fresh capacity following the decision by UK insurer RSA to withdraw from a number of London market classes.

Mon 19 Nov 2018

High Court approves TME’s Part VII transfer

News

Brexit

High Court approves TME’s Part VII transfer

The High Court of England & Wales has approved the so-called Part VII process for Lloyd’s insurer Tokio Marine Kiln (TMK) to transfer its portfolio of Continental European liabilities to its new Luxembourg subsidiary, Tokio Marine Europe SA (TME).

Mon 19 Nov 2018

Analysis

California’s Camp Fire now the worst ever insured wildfire loss at $7.5bn+

The ferocious Camp wildfire will be fully distinguished later this week with firefighters finally aided by rain that will sweep into northern California later this week.

Mon 19 Nov 2018

It’s a (draft) deal! But what does it mean…?

Comment

Brexit

It’s a (draft) deal! But what does it mean…?

Confused by EU-UK developments last week? Chris Bryant, Bryan Cave Leighton Paisner, explains what the draft deal means for London market insurers writing EU business…

Mon 19 Nov 2018

News

MS Amlin partners with Folgate for 2019 relaunch

UK insurer Folgate has entered into a co-insurance deal with MS Amlin in as the formerly-defunct insurer prepares to underwrite live risks once again.

Mon 19 Nov 2018

News

Losses

RMS pegs Cali wildfire insured losses up to $13bn

RMS estimates the total insured losses from the Camp and Woolsey wildfires which devastated parts of California last week will be between $9bn and $13bn.

Mon 19 Nov 2018

News

Brit launches onshore ILS platform Sussex Capital UK

Fairfax Financial-owned Lloyd’s insurer Brit Ltd has launched the first transformer vehicle under the UK’s new ILS regime to provide collateralised reinsurance capacity to multiple cedants.

Mon 19 Nov 2018

Cal Phoenix Re cat bond priced as total loss

News

Losses

Cal Phoenix Re cat bond priced as total loss

The $200mn Cal Phoenix Re Ltd ILS is being priced as an effective total loss in the secondary cat bond market which also suggests investors believe PG&E’s $1.4bn insurance program will be totalled by the ferocious Californian Camp fire.

Fri 16 Nov 2018