Bermuda
Hiscox Retail helps drive 27% boost in group profit at H1
Hiscox saw pre-tax profit climb 27% to $164m (£125m) in the first half of 2018, with the insurer’s retail arm contributing more than half of that figure.
Analysis: Allianz’s acquisitive appetite
With reports suggesting that CEO Oliver Baete has a big ticket acquisition in mind, rumours have been circulating that Allianz could look to hoover up one of the larger players in the UK market.
Interview: Bronek Masojada, Hiscox
Holidaying in North Korea isn’t most people’s idea of the dream summer break, but the kite surfing, Caterham racing CEO of Hiscox, Bronek Masojada, sees it as just another part of living life in the fast lane, as he explains to Ryan Hewlett
Hiscox CEO casts doubt on UK ILS framework
Exclusive: Hiscox CEO Bronek Masojoda cast doubt on the UK regulator's ability to make good on its promise to create a flexible framework for ILS business in London.
Berkshire becomes third-largest reinsurer on back of AIG deal
Warren Buffett’s Berkshire Hathaway became the world's third-largest reinsurer in 2017, ending European dominance over the top four.
Generali to sell Belgium business for €540m
Italy’s largest insurer Generali is to sell its Belgium-based subsidiary to Bermuda-based Athora Holdings for €540m (£469.5m).
Lloyd’s positive on ILS cover for Central Fund
Capital from Insurance Linked Securities could be used to back the Lloyd’s Central Fund as early as next year, the market’s chief financial officer has said.
This week: The consequences of buying big
By far the biggest purchase I ever made was when I bought my house.
Axa-XL deal puts both insurers' ratings under review
The major rating agencies have unanimously taken rating actions on both Axa and XL Group following the recent announcement that the French insurance giant is looking to acquire 100% of the specialty insurer.
Axa can do what Catlin could not: XL CEO
An XL Group under Axa would provide the Bermuda-based specialty insurer with the scale and competitive edge that it failed to achieve from the landmark Catlin acquisition, XL’s CEO said.
Blog: Your move Allianz - impact of Axa/XL deal on P&C market worldwide
The news that Axa is to spend $15.3bn (£11.1bn) to acquire XL Group will certainly get the insurance boards around the world chattering.
Allianz UK CEO Dye declines to comment on XL acquisition rumours
Allianz UK CEO Jon Dye has declined to comment on recent speculation that the group is looking to acquire XL.
R&Q completes reinsurance to close legacy deal
Randall and Quilter has completed a deal to become the capital backer of Syndicate 3334’s 2014 and prior years of account.
Axis reports GWP boost despite underwriting loss
Axis Capital's insurance segment saw fourth quarter gross written premiums increase 47%, bolstered by the group’s acquisition of London market carrier Novae.
Brit’s Versutus sidecar expands to $187m
Brit has expanded the capacity of its fully collateralised reinsurance sidecar Versutus, which now has invested capital of $187m.
Allianz shows ‘preliminary’ interest in XL: report
Allianz is reportedly eyeing up XL as a potential acquisition target.
Barbican launches Bermuda underwriting operation
Barbican has launched an underwriting platform in Bermuda.
Armour acquires Elite Insurance
Armour Group has completed its acquisition of Elite Insurance.
Analysis: Markerstudy's turbulent year
Last month, Qatar Re signed a deal to buy Markerstudy’s Gibraltar-based insurance companies after year-long rumours of a sale had only started to die down
AIG to buy Validus for $5.56bn
AIG has unveiled plans to acquire Validus Holdings for $5.56bn.
Davies Group snaps up R&Q’s insurance management operations
Davies Group has bought Randall & Quilter’s Insurance Services and Captive Management Operations for £18.6m.
Sequant Re goes into liquidation
Specialist Bermudian reinsurer and insurance-linked securities investment start-up Sequant Re Holdings, is to liquidate its business having struggled to raise sufficient capital.
Axis to consolidate Lloyd’s business into Syndicate 1686
Axis Capital has initiated plans to consolidate its Lloyd’s business into Axis Syndicate 1686.
MS Amlin establishes Bermudian reinsurer
MS Amlin has established a special purpose reinsurer in Bermuda to provide collateralised capacity support for its reinsurance portfolio.