NewsEnergyLockton takes Willis Re’s Ridge as marine and energy reinsurance bossIndependent broker Lockton has hired Jerry Ridge from Willis Re to head up its global marine and energy reinsurance division.Thu 28 Jun 2018
NewsResultsUK motor insurance market picks up on back of improved Ogden outlookThe UK motor insurance market has posted its best underwriting result since 1994, according to a study by EY.Thu 28 Jun 2018
AnalysisCyberMerck $275mn loss tops league table of insured cyber eventsRe-Insurance.com’s revelation earlier this week that Merck may still look to recoup hundreds of millions of dollars of cyber losses from insurers on its $1.75bn property program would see the bill for the US pharmaceutical firm’s NotPetya hit dwarf any other insured cyber loss.Wed 27 Jun 2018
NewsCyberMerck’s $915mn NotPetya hit may infect beyond its $275mn cyber towerOne year on from what is already the largest loss in cyber liability history, insurers on US pharmaceutical firm Merck’s vast $1.75bn property tower are still waiting on a formal loss notification.Wed 27 Jun 2018
NewsFolgate resuscitated to write UK insurance againFormerly-defunct Towergate insurer Folgate has been revived by its new owner APC Underwriting, a managing general agent. Wed 27 Jun 2018
NewsWar and terrorismPool Re’s Enoizi identifies areas to widen remitThe chief executive of UK terror mutual Pool Re has identified key areas where the organisation can bridge the gap between the private terrorism market and public coffers.Wed 27 Jun 2018
NewsJLT Capital Markets places $45.3mn cat bondJLT’s alternative capital business has completed a $453mn catastrophe bond transaction. Wed 27 Jun 2018
NewsM&AUp-for-sale Chaucer hikes 2018 reinsurance spendLike its fellow up-for-sale (re)insurer Aspen, Lloyd’s carrier Chaucer has dramatically hiked its reinsurance spend in 2018 after last year’s heavy losses, re-Insurance.com can reveal.Wed 27 Jun 2018
NewsLossesCCRIF to remain parametric ‘for now’; launching new productsThe chief executive of the Caribbean Catastrophe Risk Insurance Facility (CCRIF) has dispelled speculation that the organisation is moving away from parametric triggers while confirming it is close to launching new products.Wed 27 Jun 2018
NewsPeople MovesNexus Group appoints underwriting non-execNexus has appointed Karen Morris as a non-executive director of its underwriting operations.Wed 27 Jun 2018
NewsPeople MovesJLT Re bolsters facultative reinsurance team with new hiresReinsurance intermediary JLT Re has made two appointments across its New York and London offices.Tue 26 Jun 2018
NewsM&ASirius targets MGUs for acquisition growthSirius could look to its managing general underwriting (MGU) partners as it seeks further acquisitions in the wake of a $2.2bn deal that will see the (re)insurer once again become a listed company.Tue 26 Jun 2018
NewsPeople MovesQBE Re takes Aspen’s former insurance CEO PostlewhiteStephen Postlewhite is to join QBE’s reinsurance business as deputy global chief underwriting officer.Tue 26 Jun 2018
NewsLegal/ RegulatoryExin settles legal saga with former backer CalamosMatt Fairfield’s Exin has settled all outstanding litigation with his former backer, the Greek-American billionaire John Calamos.Tue 26 Jun 2018
NewsM&AUS and European deals getting too expensive for Tokio MarineThe boss of Japanese insurance giant Tokio Marine has said that deals in Europe and the US were growing too dear - even for his firm’s $9bn warchest.Tue 26 Jun 2018
NewsCyberArgo’s US cyber head White departsArgo’s US-based group head of cyber, Simon White, has left the carrier, re-Insurance.com can reveal.Mon 25 Jun 2018