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Stonybrook Capital boosts team with former JLT Capital Markets execs

11 January, 2019 - 09:35
Stonybrook Capital, the investment bank focused on the insurance industry, has strengthened its executive team with two hires, one from JLT Capital Markets, and one promotion.

Premia acquires P/C insurer from Illinois Department of Insurance

11 January, 2019 - 09:34
Bermuda-based run-off specialist Premia Holdings has acquired an Illinois-based property/casualty insurer that was being managed by the Illinois Department of Insurance after being placed into rehabilitation in 2017.

Trend of bulk annuity ‘mega deals’ set to continue: Willis Towers Watson

10 January, 2019 - 15:48
As the appetite for bulk annuity ‘mega deals’ continued through 2018, four factors are set to determine what schemes, from large to small, need to consider as they weigh up their de-risking options for the year ahead, according to Willis Towers Watson’s 2019 de-risking report.

Hiscox stages ‘real world’ cyber attack on bike shop to illustrate risks

10 January, 2019 - 15:14
Re/insurer Hiscox took a novel approach to raising awareness around the risk of cyber attacks – and thus the importance of cyber insurance – in a guerrilla marketing stunt held in the UK this week.

Mapfre appoints new chief global brokers officer

10 January, 2019 - 13:46
Spanish re/insurer Mapfre has appointed Chris Smith as its new chief global brokers officer.

DUAL, Howden and RKH all contribute to solid growth at Hyperion

10 January, 2019 - 12:56
Hyperion Insurance Group, which owns MGA DUAL, retail broker Howden and specialty broker RKH, has reaped the rewards of strategic expansion plans plus solid organic growth to increase its revenues by 16 percent for the 12 months ending September 30, 2018.

Brightside launches new MGA Kitsune backed by R&Q

10 January, 2019 - 12:00
UK broker Brightside Group has launched a new manging general agent (MGA) to write motor insurance backed by capacity provided by Randall and Quilter Investment Holdings.

Europe’s Reinsurance Advisory Board makes case for internal models

10 January, 2019 - 10:56
A group of Europe’s largest reinsurers, the Insurance Europe Reinsurance Advisory Board (RAB), has published an overview of the benefits of insurers’ use of internal models, essentially making the case for their use.

ILS woes could trigger hardening in retro markets

10 January, 2019 - 10:55
A combination of losses in 2018, capital still trapped in relation to 2017 events and a lack of new capacity entering the market, will likely lead to a hardening of the pricing of ILS deals and higher prices in the retro market in 2019.

MS Amlin expands P&I capacity for 2019

10 January, 2019 - 10:21
Specialty re/insurer MS Amlin has increased its protection and indemnity (P&I) capacity for 2019.

Willis Towers Watson names new head of Australasia

10 January, 2019 - 10:20
Broker Willis Towers Watson has appointed Simon Weaver as new head of Australasia, replacing Andrew Boal who has resigned after 27 years at the company.

AXA XL partners with AI specialist Expert System on property risk engineering risks

10 January, 2019 - 10:15
AXA XL Risk Consulting has partnered with Expert System, a specialist in the use of artificial intelligence (AI), to help its underwriters make better decisions to when assessing property risk engineering risks.

Aon partners with SBC InsurTech on commercial and speciality lines

10 January, 2019 - 10:10
Re/insurance broker Aon has partnered with SBC InsurTech, a company focused on innovation programmes for the insurance industry, help its clients make better decisions around how they might partner with and invest in insurtech start-ups.

AmTrust plots new growth strategy, appoints leaders post go-private deal

9 January, 2019 - 16:04
Property/casualty insurer AmTrust has unveiled its strategic plan for the newly private company, while appointing a new leadership team following the departure of certain key executives.

Marsh outlines $5bn senior notes offering plan for JLT deal

9 January, 2019 - 16:04
Marsh & McLennan Companies (MMC) has outlined pricing plans to issue $5 billion of senior debt across six different bonds used to fund its acquisition of JLT Group.

MetLife reveals new CEO succeeding Kandarian

9 January, 2019 - 16:04
Insurer MetLife has appointed Michel Khalaf to succeed Steven Kandarian as its president and chief executive officer (CEO) on May 1, 2019.

As 2018 losses again exceed historical average, Munich Re questions models

9 January, 2019 - 11:25
Losses for insurers stemming from natural catastrophes were substantially higher than the long-term average in 2018 with an eventful second half of the year contributing to a high overall loss figure of $160 billion, half of which was insured, according to a report by Munich Re.

Everest Re launches search for new CEO to replace Addesso

9 January, 2019 - 11:23
Everest Re is seeking a new chief executive following the announcement that its current head, Dominic Addesso, will retire at the end of 2019.

Liberty Mutual strikes new $150m Limestone Re deal despite ‘challenging conditions’

9 January, 2019 - 11:22
US insurer Liberty Mutual has secured $150 million of collateralised reinsurance capacity through its Bermuda domiciled segregated account company Limestone Re.

Argo renews sidecar Harambee Re for 2019

9 January, 2019 - 11:21
Specialty re/insurance underwriter Argo Group International Holdings has renewed Harambee Re as its sidecar reinsurer for 2019.


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