Reinsurance
Structured Data Capture now live for all classes of business
The first phase of Structured Data Capture is now complete and live across all classes of business in the Lloyd’s market.
Axis Capital’s reinsurance CEO to join Brit boards
Brit has chosen Axis Capital’s reinsurance CEO Jay Nichols to join the boards of Sussex Capital and Brit Re as non-executive director
Brit launches Sussex Capital
Specialty insurer and reinsurer Brit has launched a Bermuda-domiciled reinsurance platform, Sussex Capital.
Guernsey-based funds complete first ILS trades on blockchain
Solidum Re has successfully completed the first two secondary market ILS trades on a blockchain.
IAG releases 12.5% of premiums to reinsurers for a fee
Australian giant IAG has decided to expand its innovative quota share arrangements with more reinsurers next year.
Sector welcomes PM’s first Brexit deal
The insurance sector has welcomed news that the UK and EU plan to move onto the next phase of Brexit talks but stresses the need for certainty on the UK’s future trading relationship with the bloc.
Hiscox Re names underwriting director
Hiscox has named Megan McConnell as director of underwriting for Hiscox Re in London.
Analysis: Behind the scenes of a year-long Blockchain pilot
Blockchain has become a buzzword in the industry but few know what it means, even less so its implications for insurance.
Compre CEO to step down
Compre’s Nick Steer will step down as CEO of the business, effective from March 2018.
Industry welcomes ILS legislation approval
The insurance sector has welcomed the decision taken yesterday by the Delegated Legislation Committee in Parliament to allow proposed insurance-linked securities regulations to pass.
China's general insurers and reinsurers told to hire chief actuaries
China's regulator the China Insurance Regulatory Commission has asked the country's 84 non-life insurers and 12 reinsurers to each hire a chief actuary by 1 January 2020.
Insurtech accelerator granted FCA approval
An insurance accelerator has been granted approval to launch up to 25 insurtech start-ups within the next five years.
LMG outlines post-Brexit free trade agreement
The London Market Group has outlined a free trade agreement for the insurance sector to help the industry navigate trade issues during Brexit negotiations.
Pricing boost not enough to relieve market pressures, says Fitch
Improved pricing for London Market insurers in 2018 may not be enough to relieve the pressure on underwriting results from high expenses and lower reserve releases, according to Fitch Ratings.
Q3 nat cats accelerated plans for Ascot Re, says Brooks
Recent natural catastrophe activity across the Atlantic has sped up Ascot’s expansion plans, the group's CEO told Post.
Mapfre Re to open Tokyo office
Spanish reinsurer Mapfre Re is opening up a representative office in Tokyo on 1 December.
Brit launches third-party capital backed specialty reinsurer
Specialty insurer Brit has launched a specialty reinsurance platform, Scion Underwriting Managers, which will take advantage of both Brits own balance sheet, other markets and third-party capital providers.
Ascot launches Bermuda-based reinsurer
Global property & casualty underwriter Ascot has launched a reinsurance business in Bermuda.
Haegeli named Swiss Re's chief economist
Jerome Jean Haegeli will become Swiss Re's group chief economist at the Swiss Re Institute.
H2 nat cats set to push up P&C pricing, says Swiss Re
Prices in non-life insurance and reinsurance are expected to increase as a result of the recent nat cat activity across the Atlantic, Swiss Re has said.
Brexit: Sompo International to set-up Luxembourg operation
Bermuda-based P&C (re)insurer Sompo International is planning to establish a European headquarters in Luxembourg.
Nat cats could cost MS&AD $972m
MS Amlin owner MS&AD Insurance Group could see losses of over $972m (£734m) as a result of second quarter nat cat losses including hurricanes Harvey, Irma and Maria as well as earthquakes in Mexico.
Compre to acquire reinsurance portfolio from Allianz
Compre has agreed to acquire a portfolio of assumed non-life reinsurance business from Allianz for an undisclosed sum.
Nagico counts cost of hurricane season
Caribbean insurer Nagico said its gross loss from two devastating Carribean hurricanes is around $550m (£419m) but said the losses were "within" its reinsurance program.