NewsResultsRenRe shares edge up after 2017 cat reserve releaseInvestors welcomed news that RenaissanceRe had delivered a strong second quarter earnings beat, which included a $92mn net contribution from releases against last year’s natural catastrophe reserves.Wed 25 Jul 2018
NewsResultsEnstar and Madison Dearborn chip in $350mn to take AmTrust privateEnstar has teamed up with private equity house Madison Dearborn Partners to take a $350mn stake in AmTrust as part of a $2.95bn take-private deal by the firm’s CEO, his wife’s family and their backers.Wed 25 Jul 2018
NewsM&AApollo closes in on Aspen with final bid expected next monthApollo Global is in advanced talks with up-for-sale Bermudian (re)insurer Aspen with the firms earmarking agreed deal terms before the Monte Carlo Rendez-Vous, re-Insurance.com understands.Tue 24 Jul 2018
NewsTokio Marine and Intact pump $90mn into pay-per-mile insurer MetromileTokio Marine and Intact Financial have led the latest round of fundraising for pay-per-mile motor insurer Metromile.Tue 24 Jul 2018
NewsBrexitEx-Lloyd’s chairman Nelson calls for second Brexit referendumThe former chairman of Lloyd’s, John Nelson, has lambasted the UK government for failing to negotiate suitable terms for Britain’s exit from the European Union.Tue 24 Jul 2018
NewsBrexitChubb converts to European entity as Brexit planning plods onChubb has converted its European business into a Societas Europaea ahead of a move to France as it gears up for Brexit.Tue 24 Jul 2018
NewsPeople MovesTrio of financial lines underwriters leave QBEThree financial lines underwriters at QBE Insurance have quit for other posts, re-Insurance.com understands.Tue 24 Jul 2018
NewsPeople MovesTokio Marine HCC taps Chubb for European head of suretyTokio Marine HCC has appointed Luc Reuter head of surety for Continental Europe as the carrier looks to expand its operations on the continent.Tue 24 Jul 2018
NewsResultsBrown & Brown’s organic revenues climb 5.2 percent in Q2Acquisitive US broking group Brown & Brown reported second quarter organic revenues revenues that climbed 5.2 percent.Tue 24 Jul 2018
NewsPeople MovesWillis bolster France fac teamGras Savoye, France’s largest insurance broker, has unveiled a dedicated three-strong facultative team, the firm’s parent Willis Towers Watson announced today (23 July).Mon 23 Jul 2018
NewsLegal/ RegulatoryWillis sues former construction boss over Alliant team raidWillis Towers Watson has sued the former boss of its North American construction division after he defected to rival Alliant with at least nine of his colleagues and a significant amount of commercially sensitive information.Mon 23 Jul 2018
NewsLegal/ RegulatoryMIB members vote in favour of expanding terrorism liability coverageMembers of the UK’s Motor Insurers’ Bureau (MIB) have voted in favour of widening cover to include vehicles used in UK terrorist attacks following the decision by traditional motor reinsurers to threaten withdrawing cover at year-end.Mon 23 Jul 2018
NewsSecuris engages with Asta in bid for 2019 Lloyd’s platformILS fund manager Securis has engaged the leading Lloyd’s third-party managing agent Asta to assist in its endeavours of continuing with a Lime Street underwriting platform next year, re-Insurance.com understands.Mon 23 Jul 2018
NewsResultsS&P affirms IGI’s A- financial strength ratingDespite the brutal roll-call of 2017 cat losses, S&P has affirmed IGI’s crucial A- financial strength rating with a stable outlook.Mon 23 Jul 2018
NewsPeople MovesGreenlight Re COO Belfatti departsGreenlight Re’s operations boss Michael Belfatti is set to leave the Cayman Islands-based firm after just over a year in the job.Mon 23 Jul 2018
NewsPeople MovesPioneer strengthens property cat team with BMS hireManaging general agent Pioneer has has hired James Sharpington from broking house BMS.Mon 23 Jul 2018