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Cyber

Capsicum Re bolsters cyber team with two hires

Reinsurance broker Capsicum Re has appointed Jasper Goring as a cyber broker and Prab Naidu as wordings director.

Wed 15 Aug 2018

Up-for-sale Aspen awards CFO Kirk $2mn retention bonus

News

M&A

Up-for-sale Aspen awards CFO Kirk $2mn retention bonus

Aspen’s group CFO Scott Kirk has been awarded a long-term retention bonus of $2mn only months after his “change of control” golden parachute payment entitlement was increased.

Tue 14 Aug 2018

News

Managing agents call for increased ILS capital at Lloyd’s

Lloyd’s managing agencies overwhelmingly support ILS becoming a permanent fixture within the Corporation, a survey by the LMA has found.

Tue 14 Aug 2018

Exin Capital faces being wound up by HMRC in court tomorrow

News

Results

Exin Capital faces being wound up by HMRC in court tomorrow

Matt Fairfield’s beleaguered Exin is expected to enter liquidation tomorrow (15 June) following a wind-up petition being issued by HM Revenue & Customs.

Tue 14 Aug 2018

Apollo launches new Bermuda reinsurer Acra Re

News

Legacy

Apollo launches new Bermuda reinsurer Acra Re

Heavyweight investment firm Apollo Global Management has formed a new Bermudian (re)insurer, which is expected to be used as a platform for writing large P&C and life trades, re-Insurance.com can reveal.

Tue 14 Aug 2018

Everest Re swoops on Chubb for chief reinsurance claims officer

News

People Moves

Everest Re swoops on Chubb for chief reinsurance claims officer

Everest Re has appointed Ike Barbatsoulis as chief claims officer in its reinsurance division.

Tue 14 Aug 2018

Lloyd’s syndicate takes policies from defunct-Danish carrier Alpha

News

Legal/ Regulatory

Lloyd’s syndicate takes policies from defunct-Danish carrier Alpha

An unnamed Lloyd’s syndicate has assumed liability for 177,00 policies that were written by the now-defunct Danish insurer Alpha.

Tue 14 Aug 2018

Bain Capital to buy Esure in $1.2bn acquisition

News

M&A

Bain Capital to buy Esure in $1.2bn acquisition

Private equity firm Bain Capital has agreed terms to takeover UK-listed motor insurer Esure in a $1.2bn deal.

Tue 14 Aug 2018

Willis pursues Alliant for trying to ‘decimate’ its construction team

News

Legal/ Regulatory

Willis pursues Alliant for trying to ‘decimate’ its construction team

Willis Towers Watson is suing Alliant for trying to “steal millions of dollars of revenues” after the West Coast broker poached a 12-strong construction team from its larger rival.

Mon 13 Aug 2018

Alternative capital continues to ‘surge’: Aon

News

Results

Alternative capital continues to ‘surge’: Aon

Global alternative reinsurance capital had climbed to $95bn by the end of first quarter, an increase of 7 percent from the end of 2017, according to estimates by Aon Benfield.

Mon 13 Aug 2018

Axis taps Travelers for global head of ceded reinsurance

News

People Moves

Axis taps Travelers for global head of ceded reinsurance

Bermudian carrier Axis has appointed Anne Kelly global head of ceded reinsurance.

Mon 13 Aug 2018

News

AmWins secures Argo backing for two new marine MGAs

Wholesale broking giant AmWins has launched two new MGAs focused the marine market – Amwins Specialty Logistics Underwriters (ASLU) and Sentinel Marine Underwriters (SMU).

Mon 13 Aug 2018

News

StarStone launches casualty consortium in Australia

StarStone has launched a casualty consortium targeted at the Australian and New Zealand markets.

Mon 13 Aug 2018

Talanx profits improve despite uptick in industrial fire losses

News

Results

Talanx profits improve despite uptick in industrial fire losses

Hannover Re owner Talanx managed to grow profits in the first half of the year despite an uptick in German fire and property losses in its industrial lines unit.

Mon 13 Aug 2018

Darag inks its first US deal as it partners with SOBC

News

Legacy

Darag inks its first US deal as it partners with SOBC

Run-off acquirer Darag has entered a joint venture with US-based SOBC in a bid to grow beyond its European heartland into the North American, Caribbean and Bermudian legacy markets.

Mon 13 Aug 2018

News

People Moves

Volante launches motor MGA

Volante Global, the MGA platform led by Talbir Bains, has launched its latest MGA - Gentium Motor.

Mon 13 Aug 2018