Run-off giant Enstar scoops up Maiden’s $1.3bn North American book

Enstar has acquired Maiden’s North American diversified reinsurance business in a $307.5mn deal that will see the run-off giant take on around $1.3bn in reserves.

Fri 31 Aug 2018

Markel builds $19bn ILS giant with Nephila acquisition

Markel is set to control around a fifth of the global ILS space after a shock deal to acquire alternative capital giant Nephila, the carrier announced today.

Fri 31 Aug 2018

Swiss Re’s UK and Ireland CEO O’Neill exits

Swiss Re’s UK and Ireland head Frank O’Neill is to leave the reinsurance giant next week.

Fri 31 Aug 2018

Lloyd’s Vandendael to leave for Everest

Vincent Vandendael, Lloyd’s chief commercial officer since 2012, is to leave the Corporation.

Fri 31 Aug 2018

AM Best goes negative on Maiden over deal uncertainty

AM Best has put Maiden’s “A-” financial strength rating at risk after the Bermudian announced plans to offload its $1.1bn North American business and sell a significant renewal book to TransRe.

Fri 31 Aug 2018

PartnerRe replaces Exor CEO as chairman

Bermudian carrier PartnerRe has named Brian Dowd its next chairman as it unveiled a restructure of its board of directors.

Thu 30 Aug 2018

Munich Re builds out US specialty team with two hires

Munich Re Specialty Group has appointed Ben Tucker and Steven Weiss to lead it’s Americas underwriting team.

Thu 30 Aug 2018

Aon boosts cyber reinsurance team

Aon has made two promotions within its cyber reinsurance business, with Catherine Mulligan and Luke Foord-Kelcey both moving into elevated positions at the broking house.

Thu 30 Aug 2018

Private equity houses put $213mn behind Sirius’ go-public deal

A consortium of private equity firms have put $213mn behind a $2.2bn deal that will see Chinese-owned Sirius become a publicly-listed firm in the US.

Thu 30 Aug 2018

Maiden in advanced talks to sell US arm as TransRe buys renewal rights

Troubled Bermudian Maiden has struck a deal to sell a portfolio to TransRe and revealed that it is in “advanced discussions” to offload its $1.1bn North American business to an as-yet-unnamed third party.

Thu 30 Aug 2018

Axis makes Hamilton head of A&H insurance

Axis has promoted Jay Hamilton to lead its global accident and health (A&H) insurance offering, the Bermudian announced yesterday.

Thu 30 Aug 2018

AM Best puts Aspen’s rating under review after $2.6bn Apollo deal

AM Best has said it is reviewing Aspen’s “A” rating after the announcement earlier this week that the Bermudian had reached a $2.6bn deal to be acquired by Apollo Global Management.

Thu 30 Aug 2018

Peak Re top line swells 42% in first half of 2018

Fosun-owned Asian Hong Kong-headquartered reinsurer Peak Re booked $671.2mn in gross written premium in the first six months of 2018, an increase of 42 percent compared to the first half of last year.

Wed 29 Aug 2018

Les Rock returns with London MGA Rokstone

Tue 28 Aug 2018

Apollo can walk away if Aspen downgraded or net cat losses exceed $350mn

Investment firm Apollo Global Management can walk away from its agreed $2.6bn acquisition of Bermudian (re)insurer Aspen Insurance Holdings if the Bermudian (re)insurer is downgraded by either AM Best or S&P rating agency before the transaction completes, Aspen’s 8-K filing today confirms.

Tue 28 Aug 2018

Canopius swoops on Chubb to strengthen credit and political risk team

Top ten Lloyd’s insurer Canopius has appointed Sean Redden as underwriting counsel for its specialty division, with a focus on credit and political risk.

Tue 28 Aug 2018