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Catastrophes make 2017 costliest year ever for UK specialty insurers

News

Losses

Catastrophes make 2017 costliest year ever for UK specialty insurers

The UK specialty insurance market experienced the costliest year on record in 2017, according to EY.

Fri 1 Jun 2018

Colorado State lowers 2018 hurricane forecast to ‘average’

News

Losses

Colorado State lowers 2018 hurricane forecast to ‘average’

Colorado State University (CS) researchers have tempered their annual Atlantic hurricane forecast for this season, predicting that the lack of a significant El Niño will translate into only average activity.

Fri 1 Jun 2018

The Hanover launches alternative markets unit with Zurich’s Baron

News

People Moves

The Hanover launches alternative markets unit with Zurich’s Baron

The Hanover has appointed Frank Baron to head up its newly-launched alternative markets business unit.

Fri 1 Jun 2018

Greenlight Re’s Adair leaves to head up Cayman-based UIC

News

People Moves

Greenlight Re’s Adair leaves to head up Cayman-based UIC

Timothy Adair has left Greenlight Re for fellow Cayman Islands-based reinsurer United Insurance Company.

Fri 1 Jun 2018

News

Scor sponsors $300mn UK cat bond

French carrier Scor has sponsored a new $300mn catastrophe bond in one of the first transactions under the UK’s new regime aimed at attracting ILS capital to the country.

Fri 1 Jun 2018

Axis Re restructures leadership team under Arora

News

People Moves

Axis Re restructures leadership team under Arora

Axis has made a number of changes to the leadership team of its reinsurance division, following the appointment of Steve Arora as CEO earlier this year.

Thu 31 May 2018

Slade joins Hamilton in new third-party capital management role

News

People Moves

Slade joins Hamilton in new third-party capital management role

Brent Slade will join Hamilton Insurance Group next month as the senior vice president of a new business unit, Hamilton Capital Partners, that will be tasked with the development of Hamilton’s “capital management capabilities”.

Thu 31 May 2018

Tysers £110mn sale receives FCA approval

News

M&A

Tysers £110mn sale receives FCA approval

Integro’s drawn-out £100mn-£110mn acquisition of London market wholesaler Tysers will soon complete following approval by UK regulator FCA this week, re-Insurance.com understands.

Thu 31 May 2018

Marcell to head Aon’s reinsurance unit following restructure

News

People Moves

Marcell to head Aon’s reinsurance unit following restructure

Aon has appointed Andrew Marcell CEO of it’s reinsurance business.

Thu 31 May 2018

QBE Re taps Swiss Re’s Cary as new Bermuda boss

News

People Moves

QBE Re taps Swiss Re’s Cary as new Bermuda boss

The reinsurance arm of Australian giant QBE has hired David Cary to head up its Bermuda office.

Thu 31 May 2018

Icahn calls for independent inspector for AmTrust vote

News

M&A

Icahn calls for independent inspector for AmTrust vote

Activist investor Carl Icahn has demanded AmTrust appoint an independent inspector for a crunch Monday vote on the company’s $13.50 per share take private deal.

Thu 31 May 2018

Floridian Universal ups reinsurance coverage by $350mn

News

Losses

Floridian Universal ups reinsurance coverage by $350mn

Floridian homeowners’ coverage specialist Universal, the Sunshine State’s largest insurer after government-backed Citizens, has added an extra $350mn in capacity to its reinsurance programme for this year.

Thu 31 May 2018

News

Cyber

O’Hara joins cyber start-up Envelop Risk

Brian O’Hara, a leading forefather of Bermuda’s (re)insurance industry and the former CEO of XL, has joined start-up cyber analytics firm Envelop Risk.

Thu 31 May 2018

Alston Gayler close to sale with Miller the front-runner

News

M&A

Alston Gayler close to sale with Miller the front-runner

The Dutch-owned London market wholesaler AG, formerly Alston Gayler, is set to be the latest London market broker to be acquired with a sale process close to completion, re-Insurance.com understands.

Wed 30 May 2018