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Updated: 46 min 57 sec ago

Helios snaps up Lloyd's LLV Advantage for up to £1.9m

16 November, 2018 - 10:20
Lloyd's private capacity provider Helios Underwriting has acquired Advantage DCP, a limited liability member (LLV) of Lloyd's of London, for a consideration of up to £1.91 million.

‘Gaping hole’ in Brexit deal for brokers must be resolved: BIBA

15 November, 2018 - 16:05
The British Insurance Brokers Association (BIBA) has echoed the concerns of other bodies in arguing that the draft Brexit agreement revealed today (November 15) does not offer a solution for UK brokers trading with retail and commercial customers in Europe.

Paul Jardine joins insurtech AkinovA's board

15 November, 2018 - 16:05
Former XL Catlin veteran Paul Jardine has joined the advisory board of insurtech startup AkinovA.

Swiss Re provides capacity on structured solar deal

15 November, 2018 - 16:04
Swiss Re Corporate Solutions has provided the risk capacity for a so-called Solar Revenue Put, a credit enhancement that guarantees up to 95 percent of a solar project’s expected energy output, which has also been described as a new type of insurtech potentially worth billions.

PartnerRe posts Q3 loss but enjoys solid growth

15 November, 2018 - 16:02
PartnerRe’s third quarter results were hit hard by losses from Typhoons Jebi and Trami and Hurricane Florence as well as losses on its investment portfolio though its CEO was upbeat as its non-life unit reported an underwriting profit in the first nine months of the year.

Hiscox unveils reshuffle in reinsurance, ILS including hire from Ariel Re

15 November, 2018 - 16:02
Specialist insurer Hiscox has made three new appointments within its reinsurance and insurance-linked securities (ILS) division, including a new hire from Ariel Re.

Marsh unveils new digital broker Bluestream

15 November, 2018 - 15:54
Broker Marsh has launched a cloud-based digital broker platform for the affinity market.

Blockchain initiative B3i cooperates with RiskBlock Alliance

15 November, 2018 - 14:26
B3i, the blockchain insurance industry initiative, is cooperating with RiskBlock Alliance in the development and setting of data standards for the insurance industry.

Brexit deal’s focus on equivalence ‘unfortunate’ for insurers and brokers

15 November, 2018 - 10:44
The chief executive of the London and International Insurance Brokers’ Association (LIIBA) has voiced concerns regarding the draft Brexit agreement reached by the UK and European Union.

AM Best downgrades Maiden Re following sale of US unit to Enstar

15 November, 2018 - 10:00
The financial strength ratings of Maiden Re and its US operating subsidiary Maiden Reinsurance North America have been downgraded to B++ from A- by AM Best in response to strategic changes at the company.

Aegon to reappoint CEO Alex Wynaendts

15 November, 2018 - 10:00
Dutch insurance group Aegon will reappoint Alex Wynaendts as its chief executive officer (CEO) of the company - for another four-year term.

Camp Fire deadliest wildfire in California history: AIR Worldwide

15 November, 2018 - 10:00
The Camp and Woolsey fires in California have now burned through more than 230,000 acres, destroyed more than 9,000 structures and damaged more than 150 structures since the blaze ignited on Thursday, November 8, according to AIR Worldwide.

Markel closes Nephila acquisition

15 November, 2018 - 10:00
Markel Corporation has completed its acquisition of Nephila Holdings, the biggest insurance-linked securities (ILS) manager in the world.

Cost savings boost NN Group’s Q3 results

15 November, 2018 - 10:00
Dutch insurer NN Group enjoyed an increase in its profits in the third quarter of 2018 partly boosted by further cost savings as a result of its 2017 acquisition of Delta Lloyd.

Losses from Californian wildfires reach $3-6bn: Moody’s

14 November, 2018 - 15:38
P&C insurers face large claims from devastating California wildfires as losses are estimated to have reached between $3 and $6 billion, according to Moody’s.

RSA restructures London market business, exits three lines as profits slump

14 November, 2018 - 15:37
RSA Insurance Group has revealed its plans to scale back London Market exposures and restructure its specialty and wholesale business following a strategic review of all of its portfolios.

AIG rebrands legacy reinsurance unit following Carlyle Group deal

14 November, 2018 - 15:31
American International Group (AIG) has renamed its legacy reinsurance portfolio DSA Re as Fortitude Group Holdings (Fortitude Re) following the completion of an acquisition of a 20 percent stake in the unit by private equity firm Carlyle Group.

Nationwide insurance to cut 1,100 US jobs

14 November, 2018 - 15:31
Ohio-headquartered Nationwide Mutual Insurance Company is reducing its workforce by 1,100 positions in the US and will start laying off about 80 workers at its downtown Des Moines location, according to several regional news publications.

Implementation of IFRS 17 delayed by one year

14 November, 2018 - 15:30
The International Accounting Standards Board (IASB) has voted to delay the implementation of IFRS 17 for one year to Jan. 1, 2022.

SCOR’s Kessler predicts the end of dinosaurs

14 November, 2018 - 14:47
Citing Charles Darwin, SCOR CEO Denis Kessler believes that only the companies most responsive to change will survive in an increasingly complex and dynamic operating environment for reinsurers.

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