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Updated: 2 hours 51 min ago

Blenheim Syndicate hires from Munich Re, Tamesis for new reinsurance lines

1 November, 2017 - 15:21
Blenheim Underwriting Limited (Syndicate 5886) has launched its accident and health and specialty reinsurance divisions as part of its recently approved 2018 business plan, according to a Nov. 1 statement.

India, Saudi Arabia, Indonesia to lead 2017-2025 P&C growth

1 November, 2017 - 15:02
India is expected to be among the countries experiencing the highest growth in P&C insurance in the coming years, followed by Saudi Arabia and Indonesia, according to the latest Quarterly InsurTech Briefing Q3 2017 by Willis Towers Watson.

JLT joins London Market electronic placing platform

1 November, 2017 - 14:21
Broker JLT has joined the London Market’s electronic placing platform Placing Platform Limited, according to an Oct. 30 statement.

Ryan Specialty completes acquisition of Oxford Insurance Services

1 November, 2017 - 13:50
Specialty insurance and risk management solutions provider Ryan Specialty Group has completed the acquisition of the assets and operations of wholesale insurance brokerage Oxford Insurance Services, according to a Nov. 1 statement.

R&Q strikes motor agreement with Forestry Insurance Company

1 November, 2017 - 10:30
Property/casualty insurer Accredited Surety and Casualty Company (ASC), a subsidiary of Randall & Quilter (R&Q), has stricken an agreement with Forestry Insurance Company for its commercial auto liability business in South Carolina and Georgia.

Aon completes €295m Unirobe Meeùs Groep acquisition

1 November, 2017 - 10:23
Aon Groep Nederland completed its acquisition of Unirobe Meeùs Group (UMG) from Aegon for €295 million, according to a Nov. 1 statement.

Beazley launches financial lines products in Asia

1 November, 2017 - 10:16
Specialist insurer Beazley has launched two comprehensive suites of financial lines products in Asia, according to a Nov. 1 statement.

Swiss Re appoints new head of casualty reinsurance

1 November, 2017 - 10:08
Swiss Re has appointed Jason Richards as head of casualty reinsurance effective Nov. 1, 2017.

The Standard Club announces new chairman

1 November, 2017 - 10:02
Mutual insurance association The Standard Club has appointed Cesare d’Amico, of d’Amico Societa di Navigazione SpA, as Chairman of its board, according to a Nov. 1 statement.

Fidelis launches first MGA, hires Hiscox Re head of specialty

1 November, 2017 - 09:50
Bermuda-based Fidelis Insurance said that it has launched its first managing general agent (MGA), Radius, which will focus on niche specialty treaty excess of loss business such as cyber, nuclear and PA Retro.

Sompo launches global agriculture re/insurance platform initiative

1 November, 2017 - 09:42
Bermuda-based specialty property/casualty re/insurer Sompo International Holdings has launched an integrated platform initiative to provide agriculture insurance and reinsurance solutions across the globe, according to an Oct. 31 statement.

Nat cat costs push RenaissanceRe into a loss in Q3

1 November, 2017 - 09:24
Bermuda-based re/insurer RenaissanceRe reported a net loss of $504.8 million for the third quarter of 2017 as the company had to absorb significant natural catatastrophe losses from hurricanes and earthquakes.

Artex acquires Chandler in Cayman Islands expansion

1 November, 2017 - 09:17
Risk management provider Artex Risk Solutions is acquiring Chandler Insurance Management, according to an Oct. 31 press release.

Reinsurance growth does not reflect the evolution of the exposures in Asia

31 October, 2017 - 20:00
While insurers in many Asian markets are enjoying solid growth, reinsurers are lagging behind in this regard as they also grapple with overcapacity putting downward pressure on rates—but some rate corrections are now expected after the heavy losses in North America, William Ho, head of reinsurance, Asia, MS Amlin, told SIRC Today.

Indiscriminate rate hikes will open door to new entrants

31 October, 2017 - 20:00
Reinsurers that attempt to increase rates on programmes in Asia on the back of the recent catastrophe losses in North America risk losing market share to new or emerging reinsurance capital that has so far struggled to gain market share in the region, Stuart Beatty, chief executive, Asia-Pacific, JLT Re, told SIRC Today.

Alternative thinking: the historic rise of ILS

31 October, 2017 - 20:00
Aon Securities has published its annual ILS report: Alternative Capital Breaks New Boundaries. Paul Schultz, its chief executive, tells SIRC Today about the key developments during what has been a record year for ILS.

Storm losses demonstrate importance of discipline in underwriting: Lloyd’s

31 October, 2017 - 20:00
Hurricanes Harvey, Irma and Maria (HIM) serve as another reminder that the re/insurance industry must maintain underwriting discipline, even in the face of such a competitive global market, Kent Chaplin, CEO of Lloyd’s Asia-Pacific, told SIRC Today.

Markel targets niche products shielded from competition

31 October, 2017 - 20:00
Markel wants to develop deeper partnerships with local cedants across a number of Asian jurisdictions as it looks to grow its bottom line profitably, Matt Cannock, principal officer and managing director of Markel Asia-Pacific, told SIRC Today.

AGCS forced to mull onshore branches

31 October, 2017 - 20:00
Allianz Global Corporate & Specialty (AGCS) is considering establishing a branch in India as it attempts to manage the growing trend in Asia of protectionist regulatory measures that favour local reinsurers, Mark Mitchell, regional chief executive officer for Asia at AGCS, told SIRC Today.

RFIB launches Singapore unit to serve as hub for Asia

31 October, 2017 - 20:00
RFIB Group, the international Lloyd’s insurance and reinsurance broker, has launched RFIB (Singapore). The new operation will serve as a hub for the continued development of RFIB’s presence across Asia.

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