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Brain drain and the IG account - what next for Miller?

Comment

Marine

Brain drain and the IG account - what next for Miller?

The next few months may well prove crunch time for wholesale broker Miller.

Tue 3 Apr 2018

ILS investors warn against reserve risk cover for Lloyd’s Central Fund

News

Results

ILS investors warn against reserve risk cover for Lloyd’s Central Fund

As Lloyd’s digests the responses to its recent “non-deal” ILS roadshow, it appears increasingly unlikely that it will contemplate adding reserve risk to a potentially innovative securitisation of the Central Fund next year, re-Insurance.com understands.

Tue 3 Apr 2018

Gender pay gap deadline - how did your employer fare?

News

Legal/ Regulatory

Gender pay gap deadline - how did your employer fare?

Ahead of tomorrow’s gender pay gap reporting deadline a final flurry of (re)insurers and brokers have made their numbers public – the majority notably with little fanfare.

Tue 3 Apr 2018

S&P downgrades Chaucer as Hanover eyes sale

News

M&A

S&P downgrades Chaucer as Hanover eyes sale

Ratings agency S&P has lowered Chaucer’s financial strength rating (FSR) by one notch from A to A- as the Lloyd’s carrier’s US owner The Hanover Group (THG) weighs up selling off the business.

Tue 3 Apr 2018

Catalina takes 5% stake in Bermudian reinsurer Maiden

News

Results

Catalina takes 5% stake in Bermudian reinsurer Maiden

Run-off giant Catalina has upped its stake in AmTrust’s sister company Maiden, a live-market Bermudian reinsurer, a regulatory filing shows.

Tue 3 Apr 2018

News

Legal/ Regulatory

BLP and Bryan Cave merger completes

The merger of law firms Bryan Cave and (re)insurance specialists Berwin Leighton Paisner (BLP) completed over the weekend.

Tue 3 Apr 2018

Allied World leads table of worst performing 2017 Lloyd’s insurers

News

Results

Allied World leads table of worst performing 2017 Lloyd’s insurers

Allied World’s Lloyd’s syndicate 2232 was the worst performing syndicate in 2017 with an eye-watering combined ratio of 196 percent fuelled by heavy cat losses and prior year under-reserving, analysis by re-Insurance.com shows.

Tue 3 Apr 2018

Another ‘disappointing’ renewal for reinsurers at 1.4: Willis Re

News

Casualty Reinsurance

Another ‘disappointing’ renewal for reinsurers at 1.4: Willis Re

The flat reinsurance rates witnessed at 1 January have lingered to plague reinsurers at the 1.4 renewals, Willis Re has said.

Tue 3 Apr 2018

Your Guide to Lloyd’s Syndicate Results 2017

News

Casualty Reinsurance

Your Guide to Lloyd’s Syndicate Results 2017

Another year and another set of Lloyd’s syndicate results come into the world but after one of the worst years in the market’s 330-year history, four fifths of syndicates posted a loss with 17 of those reporting a combined ratio in excess of 150 percent.

Tue 3 Apr 2018

California mudslide loss tops $421mn and Commissioner Jones takes credit

News

Losses

California mudslide loss tops $421mn and Commissioner Jones takes credit

Californian insurers have now received more than $421mn in claims from the deadly Montecito mudslides in January.

Tue 3 Apr 2018

News

Hannover Re forms Lloyd’s SPA 6134

German reinsurer Hannover Re has created the fifth new Lloyd’s Special Purpose Arrangement (SPA) Syndicate 6134, managed by the Lloyd’s managing agency Argenta which it acquired last year.

Tue 3 Apr 2018

News

GIC Re becomes fifth new 2018 Lloyd’s syndicate start-up

Indian reinsurance powerhouse GIC Re has finally realised its ambition of owning a Lloyd’s platform and become the fifth full Lloyd’s syndicate start-up for 2018 after its Syndicate 1947 began incepting risks at 1.4.

Tue 3 Apr 2018

Doug Alexander

Digital Enterprise Architect at XL Catlin

Mon 2 Apr 2018

Rivera returns to Tokio Marine HCC in executive role

News

People Moves

Rivera returns to Tokio Marine HCC in executive role

Susan Rivera, the well-regarded US P&C executive who survived Eliot Spitzer’s blitzkreig on the industry in 2004-05, has returned to Tokio Marine HCC as executive Vice President and COO.

Mon 2 Apr 2018

Scor’s Gentsch to depart as Rousseau takes over as deputy CEO

News

People Moves

Scor’s Gentsch to depart as Rousseau takes over as deputy CEO

Scor has revealed that the deputy CEO of its global P&C business Benjamin Gentsch is to depart with Laurent Rousseau set to step in and fill his shoes.

Thu 29 Mar 2018

Aspen Re chairman leaves with $1.4mn severance after disastrous 2017

News

People Moves

Aspen Re chairman leaves with $1.4mn severance after disastrous 2017

Up-for-sale Aspen has revealed that the chairman of its reinsurance business and the CEO of Aspen Re Americas Brian Boornazian has stepped down.

Thu 29 Mar 2018