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Scor segments P&C business as it shuffles executive committee

News

People Moves

Scor segments P&C business as it shuffles executive committee

French powerhouse Scor has revealed a new three-pronged structure for its P&C division ahead of its annual investor relations day.

Wed 5 Sep 2018

News

Casualty

PCS: NotPetya insured losses now $3bn+

The industry’s ultimate insured losses from the June 2017 NotPetya virus will now exceed $3bn with the majority emanating from silent - or non-affirmative - coverage, according to the independent loss adjudicator, Property Claims Services (PCS).

Tue 4 Sep 2018

News

People Moves

THB swoops on Ed for aviation broker

AmWins-owned broking house THB has plucked Matthew Gould from rival Ed as it builds out its aviation team.

Tue 4 Sep 2018

News

Cyber

Cyber ILWs come closer to reality with new PCS cat launch

The industry’s understanding of its full loss exposures to major cyber events took a significant step forward this week with the launch of a new cat cyber loss index that may eventually lead to greater reinsurance and retro capacity being devoted to the fast expanding class.

Tue 4 Sep 2018

Munich Re buys $300mn industrial InsurTech firm Relayr

News

M&A

Munich Re buys $300mn industrial InsurTech firm Relayr

Munich Re has made an industrial InsurTech play with the acquisition of Relayr, an Internet of Things (IoT) platform that can predict when and how machinery will fail.

Tue 4 Sep 2018

Enstar withdraws sale process for StarStone

News

M&A

Enstar withdraws sale process for StarStone

Legacy-to-live giant Enstar has withdrawn a sale process for its international specialty carrier StarStone to ensure no uncertainty continues into the industry’s key renewal season and at a time of possible buyer fatigue over the number of mid-to-lower tier carriers that are potentially for sale, re-Insurance.com can reveal.

Tue 4 Sep 2018

Scor commits to remain independent after EUR8.3bn Covea bid

News

M&A

Scor commits to remain independent after EUR8.3bn Covea bid

French reinsurance powerhouse Scor has called an unsolicited EUR8.3bn takeover offer from French mutual Covea “incompatible” with its “strategy of independence” as it said any revised public bid would be deemed hostile.

Tue 4 Sep 2018

Ed builds out actuarial team with two hires

News

People Moves

Ed builds out actuarial team with two hires

Broking house Ed has appointed James Francis and Laura Baird to its actuarial team.

Tue 4 Sep 2018

Guy Carp takes Willis Re’s Sinniah as specialties strategy boss

News

People Moves

Guy Carp takes Willis Re’s Sinniah as specialties strategy boss

Guy Carpenter has hired Shaun Sinniah as head of strategy and client engagement within the reinsurance broker’s international and global specialties division.

Tue 4 Sep 2018

Scor shares leap on Covea takeover approach

News

M&A

Scor shares leap on Covea takeover approach

Shares in French reinsurer Scor have leapt this morning following news that French mutual group Covea approached the firm last month with a take-over offer.

Tue 4 Sep 2018

R&Q strikes $146mn LPT deal with unnamed risk group

News

Legacy

R&Q strikes $146mn LPT deal with unnamed risk group

London-listed R&Q has announced this morning that it has agreed a $146mn ground-up loss portfolio transfer (LPT) with an unnamed US risk retention group (RRG).

Tue 4 Sep 2018

News

Brexit

RSA‘s post-Brexit Luxembourg hub goes live

UK insurer RSA has opened its office in Luxembourg as part of its preparations for the UK’s exit from the European Union.

Mon 3 Sep 2018

News

Aviation

JLT takes Marsh’s aviation high-flyer Fine

JLT Specialty has made yet another significant addition to its growing aerospace team with Marsh big-hitter Bruce Fine, re-Insurance.com can reveal.

Mon 3 Sep 2018

News

Cyber

Tokio Marine swoops on Munich Re for global head of cyber risk

Tokio Marine Holdings has appointed Daljitt Barn to the newly-created role of global head of cyber risk, the carrier announced today.

Mon 3 Sep 2018

Carnegie-Brown: Six requirements for next Lloyd’s CEO

Analysis

People Moves

Carnegie-Brown: Six requirements for next Lloyd’s CEO

Those who care about Lloyd’s are assured about the way chairman Bruce Carnegie-Brown is leading the process to select the Corporation’s next CEO.

Mon 3 Sep 2018

Aspen releases Lillelund early to take up senior AIG post

News

People Moves

Aspen releases Lillelund early to take up senior AIG post

Aspen Re’s departing CEO Thomas Lillelund will be free to attend a major gathering of senior AIG executives in New York later this week and will be released from his employment obligations almost nine months earlier than his maximum contractual terms, the Bermudian (re)Insurance group confirmed late last week.

Mon 3 Sep 2018