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Arun Balakrishnan

Chief Executive Officer, Xceedance

Mon 19 Mar 2018

David Edwards

Chief Executive Officer, ChainThat

Mon 19 Mar 2018

Ed instructed to plug EUR33mn capacity gap caused by Alpha run-off

News

Results

Ed instructed to plug EUR33mn capacity gap caused by Alpha run-off

An underwriting subsidiary of now-defunct CBL has instructed broker Ed to fill the approximately EUR33mn hole left in its capacity supply by the failure of Danish insurer Alpha, re-Insurance.com understands.

Mon 19 Mar 2018

Analysis

Axis and XL Catlin to benefit long-term from rising interest rates

As interest rates continue to nudge upwards, (re)insurers including Axis, Maiden Holdings, Travelers and XL Capital will be likely long-term beneficiaries, according to research by JMP Securities analyst Matt Carletti.

Mon 19 Mar 2018

Integro expected to seal Tysers deal this week despite Goldstein exit

News

M&A

Integro expected to seal Tysers deal this week despite Goldstein exit

Acquisitive US broking house Integro is expected to finally seal its acquisition of London broker Tysers this week despite losing its CEO Bill Goldstein, re-Insurance.com understands.

Mon 19 Mar 2018

Comment

M&A

Who will buy ERS?

After five years in the hands of private equity house Aquiline, re-insurance.com revealed that Lloyd’s largest motor insurer ERS may shortly be back on the market. But while Lloyd’s insurers remain desirable, it’s sole focus on motor may narrow the list of potential buyers. Who could they be?

Mon 19 Mar 2018

US P&C industry posts $23.5bn loss in 2017: AM Best

News

Casualty Reinsurance

US P&C industry posts $23.5bn loss in 2017: AM Best

Property and casualty (P&C) carriers in the US have reported a net underwriting loss of $23.5bn in 2017, according to AM Best data.

Mon 19 Mar 2018

IGI posts small profit despite 2017 cats

News

Casualty Reinsurance

IGI posts small profit despite 2017 cats

Dubai-headquartered International General Insurance Holdings (IGI) stayed in the black for 2017 despite the roll-call of cat events in the second half of the year.

Mon 19 Mar 2018

Pool Re decision to test ILS waters highlights innovative approach to tackling terrorism risk

Comment

War and terrorism

Pool Re decision to test ILS waters highlights innovative approach to tackling terrorism risk

The received wisdom on mutuals is that they are sleepy and slow to innovate. Not so at the UK terror pool, where a landmark announcement on providing cover for cyber-terrorism is being followed by what would be a pioneering venture into the ILS market and a proposal for how to mitigate the UK motor terrorism risk.

Mon 19 Mar 2018

JLT Re swoops on Aon Benfield for Asia treaty CEO

News

People Moves

JLT Re swoops on Aon Benfield for Asia treaty CEO

JLT Re has appointed Vinod Krishnan CEO of treaty business in Asia.

Mon 19 Mar 2018

News

GIC Re’s Lloyd’s syndicate to launch on 1 April

Indian reinsurer GIC Re has been given the go ahead for its Lloyd’s syndicate — GIC Syndicate 1947 – to begin writing business in Lloyd’s from 1st April, according to local media reports.

Mon 19 Mar 2018

News

Brexit

XL Catlin introduces Brexit continuity clause to policies

XL Catlin’s London operation has introduced a clause to bridge the potential gap in policy coverage following Britain’s exit from the EU.

Mon 19 Mar 2018

Talanx combined ratio slips into the red after hurricane losses

News

Energy

Talanx combined ratio slips into the red after hurricane losses

Hannover Re-owner Talanx saw its 2017 combined ratio slip into the red as last year’s earthquakes, storms and wildfires took their toll on its bottom line.

Mon 19 Mar 2018

Arch’s Grandisson anointed as Iordanou successor with CEO appointment

News

People Moves

Arch’s Grandisson anointed as Iordanou successor with CEO appointment

Constantine Iordanou has stepped down as CEO of Arch Capital Group Ltd to make way for Marc Grandisson and paving the way for his long-term colleague to succeed him.

Mon 19 Mar 2018

Aquiline mulls sale of Lloyd’s insurer ERS

News

M&A

Aquiline mulls sale of Lloyd’s insurer ERS

After more than five years of ownership, private equity firm Aquiline Capital Partners is contemplating the sale of its Lloyd’s motor specialist ERS and its advisers have already made soft approaches to potential buyers to gauge interest, re-Insurance.com understands.

Fri 16 Mar 2018

Goldstein’s surprise Integro exit delays Tysers deal

News

M&A

Goldstein’s surprise Integro exit delays Tysers deal

News that Integro CEO Bill Goldstein has left the US firm has yet further delayed the expansive broking house’s acquisition of London market intermediary Tysers, re-insurance.com has learned.

Fri 16 Mar 2018